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Author Topic: Money  (Read 3421 times)

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AGelbert

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    • Agelbert Truth AND Consequences
Re: Money
« Reply #255 on: December 21, 2017, 03:00:51 pm »
 

December 20, 2017

Trump , GOP Pull Off Their Tax Heist

Congressional Republicans have approved their tax bill, a massive upward transfer of wealth that fulfills a decades-long right-wing goal of permanent tax cuts for corporations. We speak to professor and author Bill Black

SNIPPET:

BILL BLACK: Sure. This is clever in a nasty way. The short answer is that the tax cuts for the wealthy are permanent. The tax cuts for the middle class are temporary and they're front loaded so that it looks like you're getting a reduction in your taxes if you're middle class. Most middle class folks in the early years will have small reductions. But that will reverse and most middle class folks will actually end up with higher taxes under this bill. So, it's a redistribution bill that takes mostly from the middle class, certainly from the working class as well and redistributes to the absolute wealthiest Americans.

But here's the key. The last poll I've shown showed that only 8% of Americans believed the Republicans that this was a tax bill primarily for the middle class. In other words, the Republicans have taken something, a massive tax cut, which intrinsically should be immensely popular with the population, and turned it into something that in the polls is one of the least popular things the Republicans are doing. And the Republicans, as we speak, are gathering on Capitol Hill to celebrate their great victory of robbing the middle class to enrich the ultra-wealthy through a legislation that will also screw up healthcare for tens of millions of Americans. And they think that is the best thing they've done during Trump's entire term. Wow.


Full Transcript:

http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=20764%27%20style=%27color:#000;
Leges         Sine    Moribus     Vanae   
Faith,
if it has not works, is dead, being alone.

 

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