tax cuts for the rich

Facts Don’t Lie–The GOP Should Stop Calling Itself The ‘Fiscally Responsible’ Party (Video)

Facts Don’t Lie–The GOP Should Stop Calling Itself The ‘Fiscally Responsible’ Party (Video)

Did you know there was another government shutdown Friday? It only lasted a few hours, but the $400 billion budget bill Congress ultimately passed and President Donald Trump signed is expected to balloon federal deficits to the tune of $1 trillion a year. This is the fifth government funding measure for the fiscal year that began Oct. 1. […]

Former Treasury Secretary: GOP Tax Bill Will ‘Leave Us Broke’ (Video)

Former Treasury Secretary: GOP Tax Bill Will ‘Leave Us Broke’ (Video)

There is no shortage of critics of the Republican “Tax Cuts and Jobs Act;” i.e., the tax bill that hands $1.5 trillion in permanent tax breaks to corporations and the wealthy like President Trump and his ilk. Even Sen. Marco Rubio (R-Fla.) admitted the bill goes too far–after it was passed, of course. Most, though, have dismissed concerns, insisting […]

Marco Rubio Suddenly Realizes The GOP Tax Bill Goes Too Far (Video)

Marco Rubio Suddenly Realizes The GOP Tax Bill Goes Too Far (Video)

The recently signed $1.5 trillion Republican tax bill that hands permanent tax breaks to corporations and the wealthy like President Trump nearly failed because of Sen. Marco Rubio (R-Fla.). At the end of the day, though, Rubio threw his support behind the bill after the Senate agreed to include in it the child tax credit (CTC) that […]

Republicans Pass The Most Radical Revision Of The Tax Code In 30 Years (Video)

Republicans Pass The Most Radical Revision Of The Tax Code In 30 Years (Video)

Republicans are all set to cut a lot of taxes. Just not yours. Today President Donald Trump enacted the most drastic changes to the American tax code in three decades. Last night the Republican Senate took the final step in approving a $1.5 trillion tax bill that hands permanent tax breaks to corporations and the […]

Republicans Cut The Corporate Tax Rate To 21 Percent In Committee (Video)

Republicans Cut The Corporate Tax Rate To 21 Percent In Committee (Video)

Amid Roy Moore’s defeat and Donald Trump’s harassing tweets, let’s not forget Republicans are still trying to pass a $1.5 trillion tax bill that would create the most significant revision of our tax code in decades. Alabama senatorial candidate Roy Moore was worth nothing more to the GOP than a vote for more tax cuts for […]

Bugs, Loopholes, Haste, And The GOP Tax Bill (Video)

Bugs, Loopholes, Haste, And The GOP Tax Bill (Video)

Amid the glaring problems with the Republicans’ rewrite of our tax code, there is another issue that should concern us–time. Is there enough of it to allow America to adjust to the changes since several provisions in the bill one step away from President Donald Trump’s desk are slated to take effect January 1–weeks away? According […]

What It Means Now That The GOP Tax Plan Has Passed The Senate (Video)

What It Means Now That The GOP Tax Plan Has Passed The Senate (Video)

Well, it happened. Early Saturday morning, Senate Republicans narrowly passed the most sweeping tax reform bill in three decades. President Donald Trump is now steps away from his first legislative victory. In the 51-49 vote requiring frenetic last-minute revision, Republicans chose to hand the richest Americans and corporations, already sitting on mountains of wealth, another massive tax […]

Here Are The Glaring Problems With The Republican Tax Bill (Video)

Here Are The Glaring Problems With The Republican Tax Bill (Video)

The Senate is expected very soon to vote on the Republican tax “reform” bill that passed the House of Representatives two weeks ago. Many fear it’s going to pass. Those on the right are still trying to sell it as a sweetheart deal for the American people, because it will “cut taxes.” True, it will. […]

The GOP Tax Plan: ‘Teachers, Give Your Deductions To Your Corporate Overlords’ (Video)

The GOP Tax Plan: ‘Teachers, Give Your Deductions To Your Corporate Overlords’ (Video)

Even if the rumors about Education Secretary Betsy DeVos’ impending resignation are true, the attack upon America’s teachers is just getting started. The Supreme Court announced in September it is going to hear early next year the Janus v. American Federation of State, County and Municipal Employees (AFSCME) case that threatens to flip the entire nationwide public […]

Tax Cuts For The Rich Are Front And Center In The GOP Budget (Video)

Tax Cuts For The Rich Are Front And Center In The GOP Budget (Video)

Well, they did it. Thursday, congressional Republicans passed a non-binding budget resolution that threatens to cut $473 billion from Medicare and $1 trillion from Medicaid so the top one percent of the population can enjoy a $1.5 trillion in tax cut. What this means is the 99 percent of us may expect to see $1.5 trillion added to […]

With McCain And Cochran’s Support, The GOP Budget Is Closer To Reality (Video)

With McCain And Cochran’s Support, The GOP Budget Is Closer To Reality (Video)

Tuesday was one of those “roller coaster” days in Washington. Here are some highlights: Senators Lamar Alexander (R-Tenn.) and Patty Murray (D-Wash.) reached a limited deal to stabilize health care markets and preserve the cost-sharing reduction subsidies President Donald Trump canceled last week via executive order. A federal judge in Hawaii blocked the latest incarnation of Trump’s travel […]

Cutting Taxes For The Wealthy Does NOT Help The Economy–Here’s Why (Video)

Cutting Taxes For The Wealthy Does NOT Help The Economy–Here’s Why (Video)

Tax cuts. The very mention of them sends shivers down conservative and progressive spines. Progressives take issue with their tax dollars helping to perpetuate a military industrial complex and subsidies to fossil fuel corporations, while conservatives and Tea Partiers rail against social safety nets like food stamps, Medicare, and Medicaid. The proposed budget Republicans unveiled last […]

Jeb Bush’s Economic Growth Plan? More Tax Cuts For The Rich, Just Like Dubya!

Jeb Bush’s Economic Growth Plan? More Tax Cuts For The Rich, Just Like Dubya!

As much as Jeb Bush likes to proclaim that he’s his own man, not beholden to the policies (and endless mistakes) made by his father and brother when they were in the White House, a look at the so-called economic growth plan he’s now pitching makes it perfectly clear that Jeb 2016 is just more […]

Deficit Has Fallen To Lowest Level Since 2007, Paul Ryan Calls It A ‘Crazy Game’

Deficit Has Fallen To Lowest Level Since 2007, Paul Ryan Calls It A ‘Crazy Game’

We’ve all heard Republicans bemoaning the fact that the federal deficit has grown under President Obama, even though the numbers show that the deficit has fallen to the lowest level since 2007. And yet just yesterday the GOP passed permanent tax cuts for businesses that would add $77 billion to the deficit over the next […]

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