Cruel and Retrogressive Policies of the Republican Party: U.S. Billionaires Paid Lower Tax Rate Than Working Class

[B.See]

Thanks, Donnie VonShitzenpants!

'Absurd!': In 2018 US Billionaires Paid Lower Tax Rate Than Working Class for First Time in History- Common Dreams

An analysis published Friday by the renowned economist Gabriel Zucman shows that in 2018, U.S. billionaires paid a lower effective tax rate than working-class Americans for the first time in the nation's history, a data point that sparked a new flurry of calls for bold levies on the ultra-rich.

Tax Rates for Big Corporations Fell by Nearly Half After Trump Cuts - Common Dreams And this is the policy Republicans and their presumptive presidential nominee are vowing to extend if they win in November.

MEANWHILE:

Senator Tuberville Slams Social Security For Being A 'Scam' — 'We Don't Have Any Of Your Money. We're Dead Broke' - Benzinga

Ted Cruz Wants to Make Sure Airlines Don’t Have to Refund Your Money - The New Republic

MAGAS LOVE CHILDREN:

15 states mostly led by Republicans refuse federal funds to feed hungry children during the summer months - Business Insider

Republican governors in 15 states are turning down food money for 8 million children - Independent via Yahoo

Florida ‘callously’ strips healthcare from thousands of children despite new law - The Guardian Governor Ron DeSantis’s challenging of a ‘continuous eligibility’ rule has booted over 22,500 children off insurance since January

But not to worry, America. MAGA has plans for ur youngins, natch:

Florida lawmaker declares 16-year-olds are ‘not children’ but ‘youth workers’ - Rawstory

Republicans across the country have been working to reduce or remove child labor protections to help fill the lack of able-bodied workers.

“Already in 2023, seven bills to weaken child labor protections have been introduced in six Midwestern states (Iowa, Minnesota, Missouri, Nebraska, Ohio, and South Dakota) and in Arkansas, where a bill repealing restrictions on work for 14- and 15-year-olds has now been signed into law. One bill introduced in Minnesota would allow 16- and 17-year-olds to work on construction sites. Ten states have introduced, considered, or passed legislation rolling back protections for young workers in just the past two years.”

[B.See]

1. More MAGA Cruelty and those pushing back

Topics like this may not be the most popular of topics of late, folks. But they ARE our reality.

To quote comedian, Earthquake: "These ain't jokes."

House Democrat Calls GOP Budget a 'Blueprint for a Dystopian Hellscape' - Common Dreams Rep. Don Beyer warns the plan "would see unbridled benefits flowing to a wealthy and well-connected few while tens of millions of Americans lose healthcare, housing, retirement security, and food security."

Mississippi opted out of federal food program. Yahoo Gov. Tate Reeves’ said it was his desire to reject “attempts to expand the welfare state.”

'Nickel and diming': GOP slammed for helping banks 'squeeze customers' with 'junk fees' - Rawstory

House Republicans undermine Trump with call for $2.7 trillion in Social Security and Medicare cuts - Marketwatch This isn’t just touching the third rail of American politics. It’s throwing your arms around it while soaking wet.

9 of the last 10 US recessions began with a GOP President. Why would anyone trust a Republican with the economy again? - Alternet (make that 10 of the last 11. This is an old article)

FIGHTING BACK:

Wisconsin GOP Bill To Allow Child Labor Without Work Permits Vetoed By Democratic Gov. Tony Evers: 'It's Absolutely Wrong' - MSN

DARK BRANDON:

Biden Crackdown Hauled In $520 Million In Back Taxes From The Ultrawealthy - Huffpost via Yahoo

Joe Biden Targets Trump's '$2 Trillion Tax Cut' For The Wealthy: 'Added More To The National Debt Than Any President' - Benzinga

[Kaleva]

2. As many billionaires don't work for a paycheck,..

they often pay little to no income tax.

Might want to consider imposing a wealth tax where the very rich pay a tax on their gross worth.

[B.See]

3. FACT: Trump's so-called middle class "tax cut" was just another SCAM - like everything else he says, but

don't tell his bamboozled LEMMINGS that because you'd be wasting your time. He has them convinced he's "one of them." In a PIG'S EYE:

Trump tells billionaires he'll keep their taxes low at $50 million fundraising gala - NBC News President Joe Biden released a video hitting Trump for promising to extend the 2017 tax cuts.

Trump Finally Reveals It: Billionaires Get Tax Cuts, We Get Autocracy - New Republic
Donald Trump’s comments to wealthy elites show that he’s offering them a corrupt bargain that is likely to end very badly for everyone.

US billionaires have doubled their wealth since 2017 Trump tax overhaul - Salon
Billionaires now control 1 out of every 25 dollars of American wealth

GOP Confirms 2025 Tax Plan If Trump Wins: More Giveaways to the Rich - Common Dreams
"There are 20 years of data showing trickle-down economics doesn't work, yet today will still be a whole lot of revisionist history and wishful thinking on the singular largest failure of fiscal policy in recent memory," said Rep. Richard Neal.

THE BEEEG GRIFT:

Former Obama adviser: Kushner engaged in ‘level of corruption that we’ve just never seen’ with foreign relations - The Hill

Former Obama deputy national security adviser Ben Rhodes said Trump’s son-in-law Jared Kushner engaged in a “level of corruption that we’ve just never seen” when talking about his firm’s recent investments overseas.

Rhodes made the comment when asked about The New York Times’s recent reporting that detailed that 99 percent of Kushner’s investment fund’s money came from foreign sources. The outlet also reported Kushner is working on developing hotels in the Balkans, specifically in Serbia and Albania, and noted that the firm has taken money from Qatar and the United Arab Emirates.

“I mean, look, this is not subtle corruption that we’re looking at.”

MEANWHILE:

Congress voted against funding a cure for cancer just to block a win for Biden - USA Today via Yahoo