Let’s look at the radically different ways income tax cuts or increases affect working class people versus the morbidly rich.
Follow, research and publish the best content
Get Started for FREE
Sign up with Facebook Sign up with X
I don't have a Facebook or a X account
Already have an account: Login
Operation Deimos
3.4K views |
+5 today
 Your new post is loading...
Scoop.it!
The 2017 Tax Cuts and Jobs Act is a case study of how lawmakers can make themselves richer with the bills they pass.
The Swarm's insight:
 "To all this we can add widespread corruption and self-serving tax evasion, which has taken on worldwide dimensions. The thirst for power and possessions knows no limits." - Pope Francis 
Scoop.it!
President Donald Trump and congressional Republicans marketed their bill, the Tax Cuts and Jobs Act, as a gigantic boon for the middle class — even promising the average family would receive a $4,000 pay raise. In spite of the economic boom in the corporate and banking sectors, the American middle class has been largely unaffected by the measure, which passed in December of 2017. Meanwhile, corporations and big banks are rolling in cash..
Scoop.it!
The GOP legislation encourages offshoring of US jobs and production by taxing foreign profits of American companies "at half the rate on domestic earnings."
Scoop.it!
Fox & Friends had a big laugh Thursday morning at the smaller tax refunds being received by millions of Americans because of the GOP Tax Scam.
Scoop.it!
Trump voters have taken to Twitter to express their outrage over the fact that they aren’t getting those lofty tax cuts that the Republicans promised them.When the legislation was passed, middle class and working class Americans were told that their taxes would go down starting in 2019, but so far...
The Swarm's insight:
It was only a matter of time until the vampire Republicans in the GOP leadership incurred the ire of their taxpaying, working class and middle-class constituents because nobody likes getting double-crossed. Nobody.
Scoop.it!
As the Republican Party moves toward Trump’s looniness — his xenophobia, isolationism, attacks on the press and on truth, conflicts of interest, anti-Muslim and racist provocations, climate-change denials, proposed cuts in Medicare and Medicaid, dismantling of the Affordable Care Act, and evisceration of the constitutional divide between church and state — Jamie Dimon and his ilk could come out big losers.
The Swarm's insight:
Why don't the skinflints, cheapskates and misers in the GOP leadership stand up for the needs of voters? It's because, between the kickbacks and the dark money, they have no need for you.
It doesn't matter whether you're a GOP constituent or not.
The middle class and working people don't pay GOP leaders enough to care, but the CEOs do. So when CEOs don't want Republican leaders to help the voting public, help doesn't come.
Scoop.it!
Received this e-mail today from U.S. Senator Sherrod Brown’s (D. OH) re-election campaign.
Scoop.it!
The president’s spending outline for the first time acknowledges that the Republican tax overhaul passed last year would add billions to the deficit and not “pay for itself” as Trump and his Republican allies asserted. If enacted as proposed, though no presidential budget ever is, the plan would establish an era of $1 trillion-plus yearly deficits.
Scoop.it!
Harley-Davidson is struggling. The Republican tax scam only made things worse — and hundreds are losing their jobs.
Scoop.it!
Ryan raked in a healthy thank-you gift from Charles Koch after the tax scam bill passed. His challenger Randy Bryce made sure it didn't go unnoticed.
|
Scoop.it!
"Nobody should get a pass for it.It's nothing short of an embarrassment"...
Scoop.it!
Every one of them previously voted to add an estimated $1 trillion to the deficit to cut taxes for the wealthy and corporations.
Scoop.it!
“The tax cuts enacted since 2000 have been enormously costly and have mostly benefited those who are least in need of help,” said Steve Wamhoff, director of federal policy at ITEP and the lead author of the analysis. “For example, the richest 1 percent received more benefits than the bottom 60 percent. It’s worth asking whether this is the result most Americans wanted from their lawmakers.”
Scoop.it!
Trump and the GOP sold their tax overhaul by promising lower middle-class taxes. As Americans file their taxes, many discover they got fleeced.
The Swarm's insight:
Thanks to the GOP Tax Scam, the vampire Republicans in the leadership double-crossed middle-class taxpayers regardless of race, gender or political party. If you're a member of the middle-class and you're not mad yet, you should be.Â
Scoop.it!
Thanks to Republican accounting trickery, millions of Americans are losing out on refunds or getting stuck with tax bills they didn't expect.
The Swarm's insight:
The dirty rotten truth about the GOP Tax Scam: while the vampire Republicans in the GOP leadership kept voters distracted with misinformation & bold-faced lies, they targeted every single working class & middle-class taxpayer regardless of race, gender or political affiliation.
Scoop.it!
The Republican Tax Scam of 2017 was filled with tricks and gimmicks hiding the fact that it was a massive giveaway to large corporations and the super-rich.
Scoop.it!
Republicans in Congress are pushing plans for their most unpopular ideas, even as the party faces major challenges in upcoming elections.
Scoop.it!
This won't come as a shock to anyone, even the Republicans who have been lying through their teeth about their new tax law, but it's not going to pay for itself. No real analyst or economist said so before the law passed, and they're not saying...
Scoop.it!
In the United States, inequality tends to be framed as an issue of either class, race or both. Consider, for example, criticism that Republicans’ new tax plan is a weapon of “class warfare,” or accusations that the recent U.S. government shutdown was racist. As an India-born novelist and scholar who teaches in the United States, I have come to see America’s stratified society through a different lens: caste. Many Americans would be appalled to think …
|
