Appearing on MSNBC Monday, Rep. Chris Stewart (R-UT) struggled to justify the massive tax cuts awarded to corporations in the Republican Tax bill, revealing that Republicans voted for tax cut bill when don’t even know what’s in it.
When asked by host Stephanie Ruhle to name a single specific corporate loophole that the Republican tax bill closes, Stewart twisted himself into a pretzel trying to come up with an explanation. But he couldn’t name a single loophole that corporations will lose due to the Republican tax bill.
The real purpose of the bill is to give money to corporations and the wealthy on the back of taxpayers. In fact, Stewart made those intentions crystal clear during his failed attempt to answer the question.
Ruhle: In terms of simplifying the tax code, what simplification, what loophole is being closed for corporate America? I agree, our tax rate is too high and too complicated. Let’s lower it and close the loopholes. What loopholes for corporations are going to be closed?
Stewart: Oh, my gosh. There will be dozens.
Ruhle: Like what?
Stewart: I’m talking primarily —
Ruhle: Please, sir, tell me one.
Stewart: With interest deductions. With expensing accounts. There’s all sorts of deductions.
Ruhle: Tell me oneexample of a loophole being closed.
Stewart: I just did.
Ruhle: You didn’t.
Watch the video below, via MSNBC (Ruhle’s question comes at the 3:00 mark):