Friday, November 10, 2017

Flush with money already

I’ve been wanting to write about the tax reform bill (more accurately known as a tax cut for the rich bill) that the GOP in Congress is pushing. Yeah, the Senate bill is different than the House bill, but they are in agreement on general intent – a windfall for the already rich.

So, I won’t get to all those sources I’ve been saving up. Instead, I’ll quote from an interview I heard yesterday.
We're better off if this tax bill fails. And the reason is simple, twofold. One, two of the greatest problems we face in this country - one is income distribution or maldistribution. This bill exacerbates it. If you're very wealthy, you do a lot better than if you're middle class or poorer. It also gives tax breaks, huge tax breaks, to the wealthiest of corporations. These corporations are flush with money already. They're not creating jobs. More money isn't going to have them create. But the other thing it does, as somebody who cares about a government functioning, and as we move into the 21st century and technological forces push the average person around so much, they need government to help them. And this will sort of really hurt the government because the deficit is going to be so deep for so long.
I’m pleased to note these are the words of Senate Minority Leader Chuck Schumer. He did an interview with Robert Siegel of NPR’s *All Things Considered*.

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