Make no mistake, rich people love the GOP — and their tax cuts. According to a new study reported by Axios this morning, super-rich CEO’s of big corporations have been flooding the Republican Party with contributions. They want to keep their tax breaks coming, even as the United States faces record budget deficits, and possible…
As the U.S. tax filing season progresses, new data shows that more Americans are being hurt than being helped by the tax scam legislation passed by Donald Trump and congressional Republicans in December of 2017. According to a Reuters/Ipsos opinion poll released on Friday just one of every five U.S. taxpayers will pay less income…
According to a report at The Huffington Post, published this morning, American taxpayers have lost $323 billion in tax deductions due to Donald Trump’s GOP tax scam. The new tax law was passed in December of 2017 and went into effect for the 2018 tax year. The estimate of lost deductions is just for the…
Fox News guests and hosts had a big laugh Thursday morning at the smaller tax refunds being received by millions of Americans. Most working people who have filed 2018 tax returns so far have been surprised at getting smaller tax refunds — or owing more in taxes — after they had assumed their refunds would…
The Republican Tax Scam of 2017 — also known as the Tax Cuts and Jobs Act — was filled with tricks and gimmicks designed to hide the fact that it was a massive giveaway to large corporations and the super-rich. And now that Americans have started to file their 2018 tax returns, the extent of…
There was a time, not that many years ago, when Rep. Paul Ryan of Wisconsin symbolized the bright future of the Republican Party. When he was chosen to be the vice presidential running mate of Mitt Romney in 2012 he was seen as a brilliant young Congressman who understand the details of the federal budget…
According to the U.S. Department of Labor (DOL), American workers’ paychecks are worth less than they were a year ago. Despite President Donald Trump boasting about how better off Americans are now, the truth is that for the first time in many years average Americans are losing ground. Economic growth has not meant more prosperity…
Everybody knew the GOP tax scam passed last December was not needed. The economy was doing just fine and didn’t need a stimulus. The government deficits were already too large, and the U.S. needed more revenue, not less revenue from taxes. And certainly the super-rich beneficiaries of the tax cut bill didn’t need any more…
“Corporations are swimming in money. Stocks are up 18% this year. They’re at record highs. … We are financing through the deficit a tax cut to the one sector of society that absolutely didn’t need it.”
The poll comes as GOP lawmakers have reportedly come to an agreement on a final plan they believe would have the votes to pass through Congress.
Senate Republicans know that their tax bill has the stench of rotting fish. They know they must stay ahead of an informed public to get their donors’ bidding done.
Distracting from the increasingly damning Russia scandal by touting a tax scam that will eviscerate the middle-class probably isn’t a good strategy.Â
Republicans can and will continue to lie about this plan in order to ram it through Congress, but Americans will ultimately realize they’ve been sold a bill of goods.
By refusing to air this ad, Fox News is protecting its viewers from a reality they don’t want to see and cementing its status as a propaganda network.