Far RIGHT hypocrisy and lies on taxes, debt, and spending know NO. BOUNDS. Their prime goal is to protect immoral, and destructive special privileges of the rich and corporations. Consider the following evidence:
1]. the U.S. debt for 1789 – l980 was LESS. THAN. $l trillion when Reagan, Bush II, Trump tax cuts for the rich and corporations began. One of, if not THE most immoral, unAmerican, undemocratic actions by ANY American government was the 2017 Trump tax cuts for the Rich and Corporations. It was passed KNOWING that it would add to the national debt. Passed KNOWING it was destructive. Do your own research [in main stream sources, checking. UNSPUN Census, IRS, GAO, CBO numbers] The U.S. national debt. BLOWS UP. after the Reagan, Bush II, Trump tax cuts.
2]. Between 1932 – 1980, the top U. s. “marginal tax” rate averaged 81%; the top estate tax rate near 70%. [Source: ”Capital in the Twenty-First Century”}. THE statistical top middle class American prosperity era is 1947-1973. This is. NOT. a coincidence!!!!!!!!!!!!!! Post-1945, it was deliberate, planned. U.S. government policy to. ‘SHARE. THE WEALTH”. - and. – it worked. The greedy rich and corporations did not want to “share the wealth.” Since 1980, they have pressured Congress to change the rules – and, to continue to receive. “campaign contributions”. [from. RICH DONORS] – Congress lowered taxes on the rich and corporations – which gives YOU. the massive economic inequality of 2024.
3]. University of Texas law professor Johnson and colleagues “have shown how Congress, by closing loopholes could raise $1 trillion each year without any new taxes or rate increases.” [Source: “The Fine Print”, 2012] There YOU. have it!!
All the FAR RIGHT screaming and posturing is barnyard material. THE solution was known in 2012. So, why hasn’t the FAR RIGHT scream and postured for it????? Because the FAR RIGHT. billionaire donors would cut off their “campaign contributions”!!!!!!!!!!!!
All Congress has to do is cut off all the loopholes. THEY. installed – presto - no more “crisis”!!!!!!!!!
THIS. , fellow Americans is all YOU. need to know. - WHY. - the rich and corporations are a threat to democracy.
4]. Between $400 – $600 billion in taxes is. NOT. paid EVERY. YEAR. - 61% no paid by the top 1% [Source”. “Tax The Rich”] So – the FAR RIGHT Congressional screamers can end this too – make sure this can’t happen. But. – that would anger their top 1% ”campaign contributions” donors !!!!!!!!!!!
5] The I.M.F. calculates the U.S. subsidizes the fossil fuel industry EVERY YEAR with $660 billion. {Source: “The Scheme”]. So – the FAR RIGHT Congressional hypocrites could end this too. But - that would anger their FAR RIGHT “campaign contributions” donors !!!!!!!!!!!
6]. U.S. health care inefficiencies and waste cost $500 billion a year. Calculations done by McKinsey Global Institute report, 2007. [Source: “Free Lunch”] So – America’s #37 best “health care” system could be charging taxpayers less. YOU might think since the FAR RIGHT Congressional screamers want to save taxpayer money, they’d be all over this. Wrong – not a peep. You don’t suppose this too might endanger “campaign contributions”????????
7] 61% of “American” corporations, 39% of large corporations, paid. $0 % corporate income taxes between 1996 – 2000.
The CBO said that ordinary citizen’s tax bills will INCREASE, 2008-2013. - while corporate tax bills will DECREASE $327 billion. The U.S. Treasury may be losing $100 billion EACH YEAR. to shell companies.
Because of loopholes, the U.S. corporate tax rate is. THE. 3RD. LOWEST. WORLDWIDE. as a percentage of GDP.
The corporate share of the total U.S. tax burden was about 50% in 1940 – in 2003, it was 14.4% !!!!!!!!!!!!!!!!
Source: Parade Magazine, 4/13/ 2008 “Parade Magazine Intelligence Report: ’Are You Paying for Corporate Fat Cats?” ]. - !!!!!!!!! the correct answer: YES !!!!!!!!!!!! ”Campaign contributions” in action!!!!!!!!!!!!!!!!!!!!!!!
So – the FAR RIGHT Congressional screamers [scammers!!!!!!!!!] could end this – BUT they fear doing this moral, patriotic, democratic. thing. - because. - their “campaign contributions” will end !!!!!!!!!!!
8]. In 2020, 55 large corporations paid $0. in federal income taxes [which saved them/ cost YOU. $8.5 billion] if they had been taxed at the statutory rate; AND !!!! – ‘YOUR”. government gave them $3.5 billion in tax rebates !!!!!!!!!!!!!!!
With Justice For All 