AUSTERITY & OPPRESSION SUPPORTERS VS THE PROGRESSION Of The REST OF US
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Fear, Uncertainty, and Doubt: Big Business's Tax Code Strategy

Fear, Uncertainty, and Doubt: Big Business's Tax Code Strategy | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it

Today's New York Times article titled "Major Companies Push the Limits of a Tax Break" strikes me as a microcosm of the challenges with the federal tax code.

It also reveals something else. It's a marketing strategy called FUD - Fear, Uncertainty, and Doubt - and it's being used by the rich and powerful to protect tax codes which benefit them by making the rest of us afraid to support efforts to change or eliminate those tax loopholes.

The article describes a 90-year old tax code modification supposedly meant to be helpful to farmers and small businesses. When discussing tax codes as "helpful" it's important to always remember that that help comes with a price tag. That "help" means that the government isn't taxing a transaction. That, of course, means less tax revenues into the federal treasury and, like it or not, we will not see our federal debt lowered and our federal budget come closer to balance unless both sides of the ledger - expenses AND revenues - are tackled.

Don't get me wrong. I don't oppose every tax code meant to help businesses, especially small businesses. What I vehemently oppose is what seems to have happened here. It appears from this article that this incentive originally intended to benefit farmers and small businesses was eventually expanded and perverted into something that the likes of JPMorgan, Wells Fargo, and GE may have abused.

How does that happen and why aren't we capable of doing something about it?

Perhaps this is one possible answer.

Whenever the topic turns to the economy, business, and taxation, we seem to allow the rich and powerful to control the discussion and to set the framework for what to do next. We allow the to do this by employing a strategy those of us in the sales and marketing profession know as FUD - Fear, Uncertainty, and Doubt. Here's how it works.

We allow them to manipulate and control us by controlling the discussion mostly through fear and with heavy doses of uncertainty and doubt. Too many of us are easily (and to some degree, justifiably) frightened by the threat of the loss of the most basic thing needed to survive in a modern society; namely and for starters, a job which pays enough (but not always enough) just for food and shelter.

The things that used to signal the arrival into the middle class - higher education, vacations, and even a little free time to pursue interests outside of two or three part-time jobs - are now available and affordable to fewer and fewer people. All this at a time when taxes are at historic lows, regulation on businesses of all types has been progressively shredded over the last 30 years, the wealth gap is wider than it's been since the Gilded Age, and the federal debt keeps ballooning.

When it comes to taxes, the rich and powerful use FUD to make the same argument they always make: the beneficial tax treatment of these "...asset exchanges spur investment and help create jobs." They frame the discussion about raising taxes and doing away with loopholes by saying that if they are taken away there will be less investment and fewer jobs. My response to that argument is pretty consistently this: if that's true then why is unemployment still just under 8% and why isn't the economy growing faster? You rich and powerful people are getting what you want and it's still not enough?

This is overly simplistic, I know, but I still believe it's a valid stance to take in this argument. It's still a legitimate way to tear down and take back the framing they want to use when it comes to the tax code. If tax breaks like this are so great, then why are we in the terrible state we're in and why aren't the rich and powerful investing more into a recovery? 

And when it comes to changing the tax code as a means for helping to reverse the federal government's mounting debt, the discussion must be first and foremost about the sort of code changes like this one that benefit GE and Wells Fargo long before even thinking about code changes such as eliminating mortgage interest deductions.

It's far past the time to end the corporate welfare system. That must begin with changes to the corporate tax codes. They must pay more, not less. Corporations have already proven they'll adapt and, besides, how much more is left for them to outsource overseas? They've refused to do anything except hold us all hostage through fear of job loss while they sit atop record-setting profits.

It's time to call their bluff.

One of the greatest challenges we face for reversing tax codes that benefit only the strong, the wealthy, and the powerful is our ability and willingness to call them out on their FUD strategy and to tell them that, "We're mad as hell and..."Well, you know the rest.

More than that, our elected officials need to know they can't use FUD on us either. If they have the courage to stand up to big money and the power elite, then they need to know that we will stand with them. We need more people like Bernie Sanders and Elizabeth Warren who seem to actually care about the middle class enough to stand up to Wall Street, big corporations, and the infinitesimally small number of wealthy people in America who already have rigged the system far too long and far too much to their advantage.

The wealthy aren't doing anything much to help the rest of us, so why should we keep kowtowing to them and their interests? Let's close tax loopholes that benefit large and wealthy corporations. It's a better place to start than with my home mortgage interest deduction.

Click here to find your Congressional Representative and tell him/her what you think. It's the only way they'll know.

Click here to learn more about and to get involved with Coffee Party USA and the work they're doing to restore our democracy.


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AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US
GOP News, Libertarian news, Democratic News, World News and Reflections of Trends & Events that impact Austerity, Oppression or Progression of Societies.
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Trump taps Kushner to lead a SWAT team to fix government with business ideas

Trump taps Kushner to lead a SWAT team to fix government with business ideas | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Kushner to helm White House Office of American Innovation, an ideas factory and clearinghouse for business executives.
Monica S Mcfeeters's insight:
Does anyone else have an issue with this statement???? We didn't elect anyone to run a company did we? I don't remember the plan being to sell off parts or our public control to private industries pals of Trump and company do you???? Citizens are not his families customers... and we didn't elect him to decide to liquidate the power of citizen ownership or control..... please wake up everyone!!!! A society needs to be run well for sure.... but it's more like a community or a family when run well. It is not a competition of preselected handful or self proclaimed winners that think everyone else is losers because they didn't choose to be greedy and lord over everyone else. That is what this man thinks or he would have ordinary workers and others sitting at the table. None of those he surrounds himself by or respects .... represent the average person .
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Bernie Sanders, Top Progressives Announce New Medicare-For-All Push

Bernie Sanders, Top Progressives Announce New Medicare-For-All Push | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Lowering the Medicare age could be a starting point.
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HUFFPOST HILL - Trump Eager To Move Past Health Care And Focus On Rampant Treason

HUFFPOST HILL - Trump Eager To Move Past Health Care And Focus On Rampant Treason | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
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Trump Warns House Republicans: Repeal Health Law or Lose Your Seats - NYTimes.com

Trump Warns House Republicans: Repeal Health Law or Lose Your Seats - NYTimes.com | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Monica S Mcfeeters's insight:
In my mind telling someone your going to come after them if you don't get what you want from them is the opposite of a negation and is straight up school boy bully or mafia gang behavior.. This half baked, rushed out health bill is a matter of life, death and quality of life relevance to every family in this nation during each persons life... how clueless can Trump and his GOP company be not to get that? Access to care is more important than if Trump or anyone of them wins their election. Perhaps the party of "Me First and you maybe never" needs to go home and take care of their own business instead of pretending the business of others in the nation or the world matters to them.
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A Last Chance for Turkish Democracy

A Last Chance for Turkish Democracy | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Dexter Filkins on the upcoming referendum in Turkey that, if passed, would dramatically increase the powers of President Recep Tayyip Erdoğan.
Monica S Mcfeeters's insight:
This is a very big deal!
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U.S. Investigating Mosul Strikes Said to Have Killed Up to 200 Civilians - NYTimes.com

U.S. Investigating Mosul Strikes Said to Have Killed Up to 200 Civilians - NYTimes.com | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Monica S Mcfeeters's insight:
Trump might admire Putin but I think Obama was more correct to allow Putin to show his disregard for human life in Syria and not stoop to Putin's level. Obama made mistakes too but those were related to trusting Russia too much and not using the opportunity of chemical attacks to place an air cap above Turkey... unlike Trump he did not ever resort to chest thumping or reactive attacks to make himself LOOK like a Commander in Chief.
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Trump aide Boris Epshteyn leaving White House, officials say

Trump aide Boris Epshteyn leaving White House, officials say | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Boris Epshteyn, a special assistant to President Donald Trump who leads the White House's television surrogate operations, is expected to leave the White House, potentially for a position outside the West Wing, two senior administration officials have told CNN.
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Bernie Sanders, Top Progressives Announce New Medicare-For-All Push

Bernie Sanders, Top Progressives Announce New Medicare-For-All Push | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Lowering the Medicare age could be a starting point.
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These Teachers Voted For Trump. Here's What They Think About His Proposed Education Cuts

These Teachers Voted For Trump. Here's What They Think About His Proposed Education Cuts | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Trump wants to cut over $9 billion from the Department of Education. It's a plan could impact some of his supporter's young students.
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This Week In Education: Supreme Court Rules On Special Ed; Senator Slams Vouchers

This Week In Education: Supreme Court Rules On Special Ed; Senator Slams Vouchers | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Plus a bill for 'Dreamers' and a former for-profit college lobbyist leaves the Education Department.
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HUFFPOST HILL - Trump Eager To Move Past Health Care And Focus On Rampant Treason

HUFFPOST HILL - Trump Eager To Move Past Health Care And Focus On Rampant Treason | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
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Kochs pledge millions to GOPers in 2018 -- if they vote no on health care bill

Kochs pledge millions to GOPers in 2018 -- if they vote no on health care bill | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
In a last-minute effort to sink the Republican health care bill, a powerful network of conservative donors said Wednesday it would create a new fund for Republican 2018 reelection races -- but they'll only open it up to GOPers who vote against the bill.
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Trump team communications captured by intelligence community surveillance, Nunes says

Trump team communications captured by intelligence community surveillance, Nunes says | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Members of the intelligence community incidentally collected communications from the Trump transition team during legal surveillance operations of foreign targets, a top Republican lawmaker said Wednesday afternoon.
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Why the white middle class is dying faster, explained in 6 charts

Why the white middle class is dying faster, explained in 6 charts | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
The complicated collapse of middle-aged white Americans.
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Trump’s First 100 Days: A rundown of the latest allegations on Trump camp and Russia

Trump’s First 100 Days: A rundown of the latest allegations on Trump camp and Russia | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Also: The latest on health care and Gorsuch's confirmation hearings.
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Kochs pledge millions to GOPers in 2018 -- if they vote no on health care bill

Kochs pledge millions to GOPers in 2018 -- if they vote no on health care bill | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
In a last-minute effort to sink the Republican health care bill, a powerful network of conservative donors said Wednesday it would create a new fund for Republican 2018 reelection races -- but they'll only open it up to GOPers who vote against the bill.
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Grieving father: 'I don't play Trump songs anymore'

Grieving father: 'I don't play Trump songs anymore' | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Kraig Moss made financial sacrifices last year to follow Donald Trump across the country and tell his own story. Now, he wishes he hadn't.
Monica S Mcfeeters's insight:
This is why I have come to support the value system of people like Bernie Sanders and other like him. Ten years ago I first became aware of the many issues the progressive side was looking at and listened. I realized that many things I valued about this nation had come as a direct result of the efforts of many fine progressives though at the time I really hadn't even thought of the term "progressive". I knew little before meeting these progressives about what was happening to our water, soil, food supply, medical care issues justice system and so much more. I listened and moved on with my life.... As I encountered various medical situations, legal situation and traveled the globe I saw more of the relevance and the critical needs for behavioral changes in society the progressives were trying to encourage. The progressives were asking the most truthful questions. The GOP and traditional Democrats were not . We can't find the right answers if we don't identify the right questions . Also the GOP proved the progressive points by by their own conduct and priorities . The lack of concern for the realities of so many in our society as mentioned in this article is consistent with GOP values and priorities.
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The Soul-Sucking, Attention-Eating Black Hole of the Trump Presidency

The Soul-Sucking, Attention-Eating Black Hole of the Trump Presidency | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
The Soul-Sucking, Attention-Eating Black Hole of the Trump Presidency « | Foreign Policy | the Global Magazine of News and Ideas
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George Shultz's advice to Trump on Obama wiretap claim

George Shultz's advice to Trump on Obama wiretap claim | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Former secretary of State says the president should say he made a "mistake" when he claimed Obama surveilled Trump Tower
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Neil Gorsuch Might Have Disturbing Views On Pregnancy Discrimination

Neil Gorsuch Might Have Disturbing Views On Pregnancy Discrimination | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Not only would this be bad law, it would, ironically, be bad for business.
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Paul Ryan Emerges From Health Care Defeat Badly Damaged - NYTimes.com

Paul Ryan Emerges From Health Care Defeat Badly Damaged - NYTimes.com | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
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Senate Republicans voted today to kill federal privacy rules

Senate Republicans voted today to kill federal privacy rules | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
The vote paves the way for a big win for the country’s telecom giants.
Monica S Mcfeeters's insight:
A very sad day happened while we were all watching the joker play us for fools this year. Look how they start to not only take America back but it wasn't for us it is from us... say good by to your privacy. I guess no one cares anyway or people won't let these things happen. They would "Resist"!
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Kochs pledge millions to GOPers in 2018 -- if they vote no on health care bill

Kochs pledge millions to GOPers in 2018 -- if they vote no on health care bill | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
In a last-minute effort to sink the Republican health care bill, a powerful network of conservative donors said Wednesday it would create a new fund for Republican 2018 reelection races -- but they'll only open it up to GOPers who vote against the bill.
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MICEK: Trumpcare: Helping the Rich, Stiffing the Poor - Aurora Sentinel

MICEK: Trumpcare: Helping the Rich, Stiffing the Poor - Aurora Sentinel | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
What's clear is that, right now, Trump and Republicans have a big, fat problem with their healthcare bill. And whether further negotiations will in fact lead to an improvement over the existing law, as Trump promised, is an open question
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