The GOP’s New Plan to Enrich the Super-rich… Again

Jim Hightower's Lowdown

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18d ago

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Excellent news, people: Republican officials are mounting an all-out political push for a massive cut in our taxes next year!

Well… by “our taxes,” they don’t mean yours. Rather, here they come with another absurd sob story about giant corporations and the super-wealthy suffering unbearably from excessive taxation. Claiming to feel the pain of these multibillionaires, the GOP is riding to their rescue, promising to extend the trillion-dollar tax boondoggle Donald Trump handed to the rich in 2017, and vowing to add an extra trillion-dollars-worth of new breaks for them.

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Ludicrously, the lawmakers, lobbyists, and corporate front groups pushing this garish plutocratic giveaway loudly insist that the real beneficiaries are not the privileged few, but [cue the patriotic music] America! Lowering taxes on the corporate rich, they exclaim, will let those elites invest more in new jobs and enterprises, expanding the economy for all.

Of course, that’s the same ball of dung they keep rolling up Capitol Hill again and again, and it gets stinkier every time, especially now that monopolies control everything from high tech and health care to oil and food prices. Why reward them? Far from creating jobs, they’re frantically automating them, and rather than increasing competitiveness, monopolies buy up or squeeze out competitors. Plus, if they get another tax windfall, the oligarchs will just use it to jack-up their stock prices, artificially making them richer and more dominant over us.

Another “gotcha” in the GOP’s giveaway would gut the IRS’ ability to investigate and prosecute these filthy rich scofflaws who annually cheat us out of billions of dollars they owe for the upkeep of America. For information and action on this massive ripoff, go to AmericansForTaxFairness.org.