skews13
Diamond Member
- Mar 18, 2017
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The Republican tax giveaway to the richest people in our country extended into the businesses they owned. Then Majority-Leader Mitch McConnell told everyone that he believed the new jobs and trickling of wealth into society would make the tax cuts “be beyond revenue neutral." This means that the hit to our country’s collective coffers would be taken up by all the piles of money these businesses and wealthy folks would gift everybody. Right away every big business reported pulling in billions of dollars that they quickly pocketed or used for buybacks of their own stocks. McConnell said he was surprised that his plans of giving hundreds of billions of dollars to the wealthiest people in our society, with zero strings attached, didn’t work the way it never has and never will in the history of our country.
On the flip side workers’ wages have slumped under the Republican-version of the free market. Added to this is that instead of creating more jobs, big business and their tax cuts have laid off more workers during that time. Two of the biggest tax benefactors, telecoms Verizon and AT&T—who have pulled in tens of billions of dollars in government money over the past five years, are guilty of laying off almost 100,000 people during that same time. And now, after all of that, Republicans are once again nakedly calling for austerity measures to shore up our national debt. This play is being made in the hopes of chipping away further at the already weak social safety net programs, most of which are wildly popular—like Medicaid and Social Security.
The trickle will start any minute now.
On the flip side workers’ wages have slumped under the Republican-version of the free market. Added to this is that instead of creating more jobs, big business and their tax cuts have laid off more workers during that time. Two of the biggest tax benefactors, telecoms Verizon and AT&T—who have pulled in tens of billions of dollars in government money over the past five years, are guilty of laying off almost 100,000 people during that same time. And now, after all of that, Republicans are once again nakedly calling for austerity measures to shore up our national debt. This play is being made in the hopes of chipping away further at the already weak social safety net programs, most of which are wildly popular—like Medicaid and Social Security.
Verizon and AT&T cut nearly 100,000 jobs but keep billions in tax breaks
The Republican tax giveaway to the richest people in our country extended into the businesses they owned. Then Majority-Leader Mitch McConnell told everyone that he believed the new jobs and trickling of wealth into society would make the tax cuts “be...
m.dailykos.com
The trickle will start any minute now.