Cutting corporate taxes will likely not help Americans
Let’s look at the myth “the government punishes success” — the Wall Street Journal calls those who don’t pay income tax the “lucky duckies.”
These are the folks who have menial jobs that pay less than $9,750 a year — single moms, soldiers in Afghanistan, disabled veterans and the elderly whose Social Security benefits are too low to be taxed. Aren’t they lucky! However, they pay billions of dollars in federal payroll and excise taxes.
Then there is the right wingers’ gnashing of teeth over the 35 percent tax rate of corporations. It is a job killer and stifler of economic growth and the second highest rate in the world. A reality check puts us in the second lowest tax payments in the world!
What? This cannot be. Well, corporate lobbyists have given a plethora of loopholes to the wealthy and corporations. Thirty of these giant U.S. corporations paid 0 — that’s right — zero taxes during the last three years.
Did any of these create jobs? Sure. How much can you find in your house that says made in USA?
The CEOs of corporations are sitting on more wealth than in the history of corporations. The myth is if we give the super rich more they might create a job in the U.S., someday, maybe!!
A personal note: My father lived the American dream! He dropped out of high school to work and help his father support their family. You could say he was a self-made man. He worked hard, was honest and became very successful. Did he have help? He would be the first to say, you betcha! He worked for the CCC building roads, bridges, state parks, schools, etc. The government was investing in our country to bring it out of the Great Depression.
Long story short — just being an American was his help. He would never have been the success he was in any other country. He owned a small business that gave me an education and an opportunity for my mother and father to travel and see the world. My father was an adventurer, a risk taker and a Yellow Dog Democrat!!
I’m well educated, a professional woman, seen a good part of the world, care deeply about the environment and people — we have an obligation to take care of the earth and those less fortunate!
Republicans call that socialism, I call it Christianity. It’s also called being a Democrat!