If I linger for a moment the Right wingers will see the title and will jump to my side, pat me on the back as a well informed “liberal”…..(linger…..Linger….Linger)……
But they would be premature in doing so…..for I am not talking about the welfare that the Reaganites have hated for 50 years…if you are old enough then you will remember the “welfare Queens” the the GOP have been attacking for decades……those poor people that use benefits provided by the government.
Nope the “welfare” I am referring to is corporate welfare…..these are the programs that give lots of aid to corporations….tax, breaks, subsidies……”gimmes” tho corporations that do not need them to continue to perform……
Every Congress we have this debate about the deficit and of course to the GOP it is all that money given to poor people through direct payments or programs that is causing the problem.
You see if your payments out weigh your income then you have a deficit…..and since the income for the nation comes from taxes then lower taxes does little but make the deficit higher….and yet we keep playing the same game because corporations want it so….time for that to change….
A day after President Donald Trump touted his “scam” tax proposal, the Institute for Policy Studies’ #PayUpCorps campaign highlighted needs in infrastructure, healthcare, and other sectors that could be paid for with all the money corporations stand to save under the Koch brothers’-backed tax plan.
Trump and Republican leaders in Congress hope to cut the corporate tax rate from an already low 35 percent to 20 percent—though the Institute on Tax and Economic Policy has found that many Fortune 500 companies effectively already pay only about 20 percent of their profits in taxes, and contrary to Republican promises, the savings don’t lead to job creation.
And we have this conversation every Congress and the GOP usually wins in some form or another…..Trump has a tax plan as well…..and guess what nothing new….
Each of the four principles Trump claims will inform what he calls “tax reform” is actually mocked in the plans the administration is cooking up behind closed doors.
The only question is whether Americans are gullible enough to buy what Trump, House Speaker Paul Ryan and Republicans are selling. And whether Democrats will unite to expose the con and demand progressive tax reforms that are long overdue.
I have given my idea for a tax reform….simply put….everyone pays their fair share and the deficits will shrink…..it is really not that hard to grasp…..
Of course a more realistic budget would help with those darn deficits….that will be a post for another op-ed.