a short take down on the proposed corporate tax cut – reich

short and compelling!

5 Reasons Why Trump’s Corporate Tax Cut is Appallingly Dumb

http://robertreich.org/post/159989553540
TUESDAY, APRIL 25, 2017

Trump wants to cut the corporate tax rate from 35 percent to 15 percent, in order to “make the United States more competitive.”

This is truly dumb, for 5 reasons:

1. The White House says the United States has one of the highest corporate tax rates in the world. Baloney. After corporate deductions and tax credits, the typical corporation pays an effective tax rate of 27.9 percent, only a tad higher than the average of 27.7 percent among advanced nations.

2. Trump’s corporate tax cut will bust the federal budget. According to the Congress’s own Joint Committee on Taxation, it will reduce federal revenue by $2 trillion over 10 years. This will either require huge cuts in programs for the poor, or additional tax revenues from the rest of us.

3. The White House says the tax cuts will create a jump in economic growth that will generate enough new revenue to wipe out any increase in the budget deficit. This is supply-side nonsense. The Congressional Research Service reviewed tax cuts since 1945 and found no evidence they generate economic growth. Ronald Reagan and George W. Bush both cut taxes, and both ended their presidencies with huge budget deficits. Bill Clinton raised taxes, and the economy created more jobs than it did under Bush or Reagan.

4. American corporations don’t need a tax cut. They’re already hugely competitive as measured by their profits – which are at near record highs.

5. The White House says corporations will use the extra profits they get from the tax cut to invest in more capacity and jobs. Rubbish. They’re now using a large portion of their profits tobuy back their shares of stock and to buy other companies, in order to raise their stock prices. There’s no reason to suppose they’ll do any different with even more profits.

Don’t fall for Trump’s corporate tax giveaway. It will be a huge windfall for corporations and a huge burden on ordinary Americans.

 

 

1984 rears its ugly head again…

http://ragazine.cc/2017/02/henry-a-girouxcommentary-2/

Haven’t read it yet but thought it was timely. I want to know what this guy has to say about it!

Now having read about 1/3 of it, I think we have to do a new article, but for liberals. Any liberal reading this piece thinks Trump is the enemy, and truth and reason have never been sacrificed before, that certain stories didn’t get propagated and then become as if the truth. This would be about Obama and Hillary Clinton, trade deals, and neoliberal truths about what is possible and what is not in a 21st century society. Things about war, I guess, like the War on Terror, and regulation and policy changes like instituting single payer and all sorts of things.

At least 24 civilians die in first extra-judicial killing of Trump administration

https://www.democracynow.org/2017/2/3/yemen_jeremy_scahill_advocates_question_success.

Nawar Al-Awlaki, 8 years old, daughter of Anwar Al-Awlaki, was killed in this latest US raid — on foot, not drone — of a house in a Yemeni village, as well as 10 other children, 6 women, and 8 other male villagers.

These villagers are from the same village that was struck by drones in 2013 killing many members of a wedding party. The same village, in other words, was struck twice in little more than three years.

I’m not sure the relation to Trump, besides the undeclared war, started under Bush, and continued under Obama, continues to escalate.

Let’s not forget that a lot of Trump policies are the continuation of the seeds laid in previous administrations.

 

expanding the ban….

apparently, another executive order in the making got leaked to the post, and it proposes to ban the entry of – and possibly deport – immigrants that are ‘likely to require taxpayer assistance’

fill the cabinet with big money oligarchs; distract the masses with one circus act after another. not even sure if bread is coming though.

oh, and who’s next?

Trump’s “Ban on Muslims”

https://www.democracynow.org/2017/1/30/nyc_taxi_drivers_stage_airport_strike

Besides the incredible courageous power of these taxi-drivers, who instituted a work stoppage at Terminal 4 at JFK to show their solidarity with both the protestors there and the people from Muslim majority nations newly banned and being detained having just landed from overseas,

and how heartening it was to see these drivers, people who are often the targets of hate crimes themselves because many are Muslim or Sikh, stand up and protest in this way, sacrificing their working hours because of what is outrageous and, also, what they fear may happen to them in a Trump-America, I suspect,

I wanted to post this to point out that I could find no stories that interviewed the striking taxi-drivers themselves. The Democracy Now story that interviewed the spokesperson for the Taxi-Driver Alliance, Bhairavi Desi, is the closest that I could find after a not inconsiderable google search…

This is a comment on the media… When will journalists cover the voices of those actually affected and / or doing the protesting?

Also, this is a strike in NYC the likes of which we have not seen since… the MTA transit worker strike.

Also, stemming from this is the consumer activist Uber boycott. People are deleting the app from their phones, because Uber did not suspend service to the airport, as well. Their CEO also sits on Trump’s advisory board on economic and other issues. This widespread consumer radicalism is unusual. I wonder where it will go, how long this radicalism will be sustained, and how.

Overall, what people are calling a “Muslim Ban” is outrageous and will not go away unless people speak out… Everyone’s speech is so necessary right now. Just thinking “this is outrageous” is not enough. There have to be clear-spoken denunciations in every which way, otherwise Trump’s ban will stand, hundreds and thousands, perhaps millions, of people around the world will be affected, torn apart from their families, and the US will lose hundreds of thousands of would-be immigrants….