Sen. Marco Rubio, a rising GOP star with presidential ambitions, is now criticizing the tax bill he voted for last week. “The Florida Republican told the News-Press of Fort Myers that corporations will largely use their major tax cut to buy back shares or increase dividends to shareholders —[...]
Posts Tagged ‘taxes’
December 28th, 2017 - 7:55 am § in Donald Trump
Republicans think you’re stupid.
“Trump, Republican lawmakers and their allies* are betting … ordinary Americans will have no objection if corporations and the wealthy receive the bulk of the tax-cut gains so long as middle class households … also receive some benefits.” (Click here for source.) Polls say t[...]
December 24th, 2017 - 8:56 pm § in Donald Trump, Politics
Why the GOP tax bill isn’t the victory they say it is.
Although President Trump and Congressional Republicans are hailing their tax bill as a great legislative victory, they failed to achieve many of their objectives and suffered significant defeats. Among them: * They failed to eliminate the estate tax. * They failed to eliminate the alternative minimu[...]
A gift to America’s richest people
This is how much America’s 15 richest people might save in estate taxes if the GOP tax bill passes. Enjoy, because you’re paying for it. 1. Bill Gates, $35.6 billion 2. Jeff Bezos, $32.6 billion 3. Warren Buffett, $31.2 billion 4. Mark Zuckerberg, $28.4 billion 5. Larry Ellison, $23.6 [...]
GOP tax bill remakes American life
And for most Americans, not for the better. The GOP tax bill has turned into something far larger and more sinister than a tax cut for corporations and wealthy people, although taxing the middle class to subsidize the GOP’s campaign donors remains one of its foremost objectives. But beyond th[...]
November 28th, 2017 - 9:38 pm § in Politics
Tax bill update
Although several GOP Senate votes are still in play, most of these Senators want to make the tax bill even worse than it already is, so this may not be too steep a hill for McConnell (the GOP Senate majority leader) to climb. Plus, Republicans are desperate to pass something, anything, to make it lo[...]
November 19th, 2017 - 8:12 pm § in Donald Trump, Politics
The Secret of Successful Investing
It’s simple, really. You donate millions to the GOP and get back billions in tax cuts. The payoff can be as high as $3,446 gained for every $1 spent (see, e.g., Koch brothers). The secret is obvious: If you want to do well, buy politicians. But wait, there’s more! Republicans are about[...]
November 3rd, 2017 - 10:42 pm § in Politics
The GOP tax bill in a nutshell
What the GOP’s tax scheming is REALLY about (as if you need to be told). First, some historical background: “The United States is the richest country in the history of the world. Last year, the genius and muscle of the American people generated more than $18.6 trillion in wealth. This ye[...]
September 23rd, 2017 - 1:21 pm § in Schools & Colleges
Why Uncle Sam should pay off everyone’s student debt
Republicans want to cut taxes by $1.5 trillion. If past practice is any guide, most of these tax cuts will go to the rich, who won’t invest it to create new jobs. (And if they did, it’s hard to see how they’ll fill them, because the U.S. economy already is at full employment and ha[...]