Every day, it happens: the tax system puts unfair burden on the 99.9 percent while the very wealthy and big corporations pocket huge bucks…and a lot of those bucks come …
WTF? Ok, I guess I should actually say: this is not shocking but because Chuck Schumer just made me yell “WTF?” and ruin my schedule for the rest of the day…
The loud yelling and clapping you just heard came cascading down from executive suites of all the tax-dodging big corporations who must be dancing in the halls. “Bi-partisanship” is about to fleece the American people–yet again. And it’s being led by the presumed Democratic majority leader come 2016, Chuck Schumer.
Thirteen days away, tick tock, tick tock…everyone is getting ready to write those checks to the IRS for the money they owe on income earned–you know, the ones that fund highways, education, health care and, grumble, war.
Except for corporations, of course. It’s the same old story–dodge, dodge, dodge a fair share of taxes. $600 billion.
It’s pretty sad that we still have to make the argument that 4,700 estates (or the richest 0.18 percent all of estates) need to keep paying taxes on their estates. But, alas, there we are.
Full disclosure: I’ve made by contribution to the popularity of “House of Cards” by watching all three seasons (FWIW, I though the third season was stilted, pretty boring in many parts and, basically, a slightly edgier version of “The West Wing” and that’s not meant as a positive…). That said, this doesn’t surprise me because no corporation is immune from trying to take advantage of our dumb tax system that consistently rewards corporations for no good reason at the expense of taxpayers.
Some things you gotta like in the president’s tax plan. Other things…not so much.
It’s no surprise to people in the reality-based world–you know, the people who look at facts–that most corporate tax cuts are not going to create jobs. All that bleating from the bi-partisan chorus that fawns over the “job creators” (read; overpaid corporate executives) and never met a corporate tax break it didn’t like (especially tax breaks that oil up those campaign contributions…looking at you, Steny Hoyer) ignores the reality that the promised jobs, in return for tax cuts, just don’t materialize–not to mention jobs that pay a decent wage.
It gets to a point, in this crazy world–the world in which our bridges are falling down, roads are crumbling, hospitals are closing down, schools don’t have enough supplies for kids–when flushing $42 billion down the drain just seems like no big fucking deal. In the pathetic bi-partisan world of budget nonsense and more give-aways for corporations and the elite, $42 billion is seen as a “compromise.”
I am of two minds about Tim Cook’s public declaration that he is gay. On the one hand, good for him if he thinks that it emboldens other people to not be afraid of their sexual preference being known publicly. On the other hand, if the message is that, you, too can come out but only once you are the CEO of one of the most powerful corporations in the world–and you can do all that while fleecing the U.S. government of billions of dollars in revenue…well, it’s a moment to pause and consider.
While everyone is focused on the polls and the dwindling chances of the Democrats to hold the Senate, on the tax policy front, it’s just horrendous, with the choices in the upcoming lame duck session of Congress verging from “bad” to “very bad”.