GOPrs will never admit that corporate and top marginal tax cuts are horrible ideas for the economy
Taxes should be wielded as a cudgel to force investment in society... We did that in the 1950s, when built post-war America and the Middle Class, along with a organized labor.
Instead, we've given all that away and handed it to the oligarchs, thanks to the Republicans.
Instead of living with a high quality of life that worthy of living in the "Greatest Country Ever," American workers are barely existing month-to-month. If the GOPrs prevail in November, they intend to cut deeper, gutting Social Security, Medicare, Medicaid and repeal the ACA.
They're exploding the debt and the deficit with a giveaway tax cut to their corporate masters and intend to double-down on that folly again.
They're presiding over the greatest upwards transfer of wealth since... I don't know since when. I've never seen anything like this in my entire life. And pretty much half the electorate of mostly ignorant, angry and fearful white people are just going to hand it over to them with a scowl.
This needs to be stopped, unless we'll see our own self-destruction.
It's madness to allow the GOPrs free rein in the crucial time... And I haven't even touched on their unwillingness to do something about foreign attacks on or democracy, the way that they ignore the clear and present dangers of climate change and the generalized way that they're leading the nation into fascism.
If anything, it's quite clear that the Republican Party in its present iteration is overdue to be destroyed.
It's amazing that it hasn't happened already.
= new reply since forum marked as read
McConnell said precisely that during tax cut bill "debate" and everyone has the video so why isn't it in campaign ads?
The Radical Republican Agenda on Taxes
Incomes have been growing fastest at the top of the income scale for 40 years. Starting with Reagan, the series of Republican tax cuts has mostly benefitted the rich.
“An April 2004 CBO study showed that between 1979 and 2001 (the last year CBO examined), the average after-tax income of the top one percent of households rose by 139 percent ($409,000) after adjusting for inflation, compared to a 17-percent ($6,300) increase for the middle fifth of households and an 8-percent ($1,100) increase for the bottom fifth.”
"The magnitude of the income tax cuts and the change in tax rates under the Reagan-Bush-Bush regimes is important but there is more to the story. It’s also important to look at what taxes have already been cut: capital gains tax rates; taxes on dividend income; repeal of the estate tax in 2010; increased business depreciation schedules etc. Each of these changes favors those with investment income over those with labor income, thus magnifying the effect of the reduction of income tax rates."
Stop Coddling the Super-Rich
Income and Wealth: How Rich are the Super Rich?
http://zfacts.com/node/118
How “Voodoo” Caused Most of the National Debt
http://zfacts.com/p/318.html
