corporate taxes

The Republican Long Game

Published by Anonymous (not verified) on Thu, 07/12/2017 - 8:48am in

It isn’t easy watching the country you love fall down a black hole from which it is not likely to emerge, but that is precisely what happened this past week with the Senate passage of the so-called “tax reform” bill. Bernie Sanders spoke for many when he said it will “go down in history as one of the worst, most unfair pieces of legislation ever passed.” Continue reading

The post The Republican Long Game appeared first on BillMoyers.com.

Sarah Huckabee Sanders and the Endless Tax Cut Metaphor

Published by Anonymous (not verified) on Thu, 02/11/2017 - 10:57pm in

At Monday’s White House press briefing, on the very day that the first two indictments in the Robert Mueller investigation came down and a third Trump campaign adviser pleaded guilty to lying to the FBI, press secretary Sarah Huckabee Sanders chose to open her briefing by reading aloud a lengthy — make that endless — fable about reporters and the price of beer.

Ostensibly, it was intended as a clever metaphor to sell the president and GOP’s alleged tax reform plan, but its real purpose may have been to sedate the press corps into submission on a busy news day. In any case, the verbal smog attack could not hide the fact that no matter how hard they try to cloud the issue the GOP plan means nothing but big tax cuts for the rich.

Watch if you dare. It’s enough to drive you to drink.

The post Sarah Huckabee Sanders and the Endless Tax Cut Metaphor appeared first on BillMoyers.com.

GOP Tax Cuts Won’t Pass This Year — Or Maybe Even Next

Published by Anonymous (not verified) on Wed, 01/11/2017 - 4:34am in

On Sunday’s edition of CNN’s Reliable Sources, guest Bruce Bartlett referred to the right-wing hosts of Fox & Friends as “those three idiots.”

This gave show host Brian Stelter the vapors, but it was simply Bartlett being Bartlett: blunt, astute, opinionated and — to our minds at least — accurate. His knowledge of government and the attendant industries of money, media and manipulation that swirl around it are second to none.

Bruce Bartlett has his own conservative bona fides: A veteran staffer on Capitol Hill, he was staff director of the Joint Economic Committee of Congress, then senior policy analyst in the Reagan White House and deputy assistant secretary for economic policy at the Treasury Department during the George H.W. Bush administration. But as Bill Moyers noted in late June, Bartlett is “a man of fierce intellectual independence — and courage, too. Telling the truth about Republican economic policies during the George W. Bush presidency got him fired as a senior fellow at a conservative think tank and brought to an end his long career as an esteemed GOP ‘insider.’”

Nonetheless, today, Bartlett is a sought-after writer and commentator who, among his other outlets for speaking out, keeps current a smart and often acerbic Twitter feed: @BruceBartlett. A quick scan of it quickly reveals no love lost for the current administration.

We set out to interview him about his new book, The Truth Matters: A Citizen’s Guide to Separating Facts from Lies and Stopping Fake News in Its Tracks, a timely subject given the constant hammering of the press from Trump and the proliferation of disinformation and conspiracy theories from Fox News, talk radio and the internet.

In the second half of this interview we’ll focus on The Truth Matters, but first we took advantage of his expertise in economics and tax policy to get his thoughts on the next big legislative battle: Trump and the Republican Party’s crusade for tax cuts.

 

 

Michael Winship: The Republicans are proposing $1.5 trillion in tax cuts. Do you think it makes sense?

Bruce Bartlett: Let me put it this way: I don’t believe that our economy needs this sort of tax cut at this time, and certainly not one that is grossly, overwhelmingly, [weighed] toward the ultrawealthy. I think there are policies that the economy does need, and $1.5 trillion will go a long way toward meeting those needs. So if we’re going to raise the debt by at least $1.5 trillion, I think we should do it in a way that is much more likely to raise growth and improve the lives of the people.

MW: In fact, on Monday morning, you tweeted that our major cities are dangerously vulnerable to flooding, but there’s no money proposed for infrastructure, only tax cuts.


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Welder on High Steel - San Francisco. (Photo by Greg Younger/ flickr CC 2.0)

Where Have All Those Great Infrastructure Jobs Gone?

BY Kristin Miller | August 31, 2017

BB: That’s correct. And I think it’s sad that Donald Trump, who said he wanted to have a big infrastructure program, has apparently abandoned that in favor of a tax giveaway to the wealthiest people in the United States.

My feeling is that the economy is suffering from a lack of aggregate demand — that is to say, spending. And we need to be doing something to get that going. One way is to get people who don’t have jobs to get jobs. Then they have money to spend. Or to raise wages — then people who are working will have more money to spend. So I think that that is what the economy needs, but if you cut taxes for the ultrawealthy, this does not lead to any increase in spending at all, because the ultrawealthy already have everything they could possibly want. They have no unmet needs. They’re not going to go out and buy second and third yachts just because they’ve gotten a tax cut. All they’re going to do is save the money.

On the surface, that sounds like a good thing, but the fact is, interest rates are so ridiculously low, this is pretty strong evidence that we don’t really need additional saving. We need spending. And therefore, I think to the extent that there’s any potential growth effects of this tax cut, it’s correctly characterized as trickle down and I just don’t think that is going to work or have any meaningful effect on the economy.

MW: Trump has said, “There’s no way that the middle class doesn’t greatly benefit” from the proposed tax cuts.

BB: Well, that’s just a lie… the middle class really isn’t going to get any kind of tax cut and in fact it’s going to get screwed in lots of ways. For example, he’s talked on many occasions about getting rid of the deduction for state and local taxes. He’s talked about reducing the ability of people to save in 401(k)s. These are tax increases, really, that are going to hurt the middle class.

So what his economic advisers have done is come up with this ridiculous rationalization that workers will see a huge increase in their wages if we cut the corporate tax rate. The fact is that we have experience with this. We don’t need to look to some esoteric mathematical model to know what’s going to happen. You can very easily go to bls.gov, which is the website of the Bureau of Labor Statistics, and look up real median wages and you can see what happened after the Tax Reform Act of 1986, which lowered the tax rate on corporations from 46 percent to 34 percent. And if you look at what happened to wages in the 10 years after 1986, wages fell. They did not go up. They fell. Workers were worse off.

Now I’m not saying there’s a cause-and-effect relationship. I’m not saying that cutting the tax caused workers’ wages to fall. All I’m saying is that we have a real-world experience in which the results were the exact opposite of what the administration is asserting.


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New Yorkers and visiting demonstrators protest during a march on Tax Day demanding that President Donald Trump release his tax returns in New York City on April 15, 2017. (Photo via EuropaNewswire/Gado/Getty Images)

The GOP Tax Plan is What We Knew it Would Be — Tax Cuts for the Rich

BY Josh Bivens and Hunter Blair | September 28, 2017

MW: And yet there are Republicans who claim that these proposed cuts are in the fine tradition of Ronald Reagan.

BB: Well, that’s just a lie, too. And I know because I drafted the 1981 tax cut.

MW: That’s why I mentioned it. [laughs]

BB: Oh, OK. [laughs] Well, in 1977, while working for [New York Republican congressman] Jack Kemp, I drafted what came to be called the Kemp-Roth tax cut. It was endorsed by Ronald Reagan in 1980 during the campaign, and he sent the same exact piece of legislation that I developed to Congress in February of 1981 — and it was signed into law in August of 1981.

So this makes another interesting point, by the way, which is that the Republicans are convinced that they can just ram this tax reform package through. Really, it’s just a tax-cut package — I mean, Trump himself has said it’s not really tax reform, it’s just tax cuts. They think they can enact this in the next couple of weeks, before the end of the year.

But here you had Ronald Reagan, who had vastly greater powers of persuasion and had vastly more competent staff than Trump has, proposing legislation that was bipartisan, was very popular, and was in fact needed very badly in 1981 because inflation was pushing people into higher tax brackets. You had a legitimate need for a big tax cut, and yet it still took him from February to August to get this legislation enacted.

[T]his is very much in the Republican playbook. They cut taxes, they lie and say they will not lose revenue. When the revenues collapse, they say, “Let’s slash spending for the poor. That is what’s causing the deficit, not huge tax cuts to the rich.”

— bruce Bartlett

So I think the idea that they’re going to get this done in the next couple of weeks, when they have absolutely no clue as to what the hell they’re doing, is just rank nonsense.

MW: You wrote that you think the ultimate goal of the GOP is to create a deficit so large that Medicare and Medicaid can be decimated.

BB: That’s correct. The Republicans don’t advertise this, but in fact they all believe in a theory that I call “starve the beast,” which says that the purpose of cutting taxes is to create a deficit which will then justify spending cuts. Under normal circumstances, you’re not going to be able to cut popular programs like Medicare, Medicaid, Social Security, but if the deficit gets really, really big, people may be frightened of it and be willing to accept as necessary spending cuts that would not otherwise be politically plausible.

We saw an excellent example of this strategy just recently in the state of Kansas. Republican Gov. Sam Brownback and his party rammed through huge tax cuts relative to the size of the state, equivalent to what Trump and the Republicans in Washington are proposing, and they even hired economist Arthur Laffer of Laffer curve fame, paid him $75,000 [but] he didn’t even do a real study. He just lied and said this tax cut is going to be so powerful, it’s going to lead to so much additional growth and jobs that revenues will not decline, so we won’t have any increase in the state’s debt.

Well, what happened is, of course, revenues collapsed. The state — states have to operate under a hard balanced-budget requirement — was hemorrhaging revenues. They were desperate to balance the budget. But did they say, “Okay, these tax cuts apparently are not working, let’s just go back and restore the taxes that previously existed”? They did not do that. What they said was, “We must slash spending for the poor, we must slash spending for education, we must slash spending for police and fire and roads and bridges” and all kinds of popular programs that would have been impossible to cut except under the circumstances of an extreme fiscal disaster.


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Architect of Reagan Tax Cuts Says Trump Should Not Use His Plan

BY Karin Kamp | August 18, 2016

So this is very much in the Republican playbook. They cut taxes, they lie and say they will not lose revenue. When the revenues collapse, they say, “Let’s slash spending for the poor. That is what’s causing the deficit, not huge tax cuts to the rich.”

MW: Is there any evidence at all, as Treasury Secretary Steve Mnuchin claims, that the stock market would fall if there’s not a corporate tax cut?

BB: I think it’s highly unlikely, but I can’t say for sure. But I think to the extent that the stock market embodies any Trump policies, they’re not tax policies, they’re deregulation policies. I think the stock market likes that. But I also think they like low interest rates that the Federal Reserve has given us and I think that they like the fact that the fundamentals of the economy are pretty strong. And of course, the stock market has been rising pretty much continuously for quite a few years and it’s kind of stupid to look at one part of that general trend and say, oh, this is because of Trump. He’s really just benefiting from policies that were already in place on Election Day.

MW: What do you think would be appropriate for us to do as far as tax reform goes?

BB: Well, look, I think the tax code could certainly be cleaned up and improved in lots of different ways. But I think unless they follow the same three principles that underlay the 1986 tax reform, we’re unlikely to get anything that is worth doing. And those three principles were revenue neutrality — that is, you’ve gotten rid of tax loopholes and things of that sort to pay for any reduction in rates. So you’re not depending on growth effects. You’re just saying I’m going to raise taxes by a dollar and I’ll cut taxes by a dollar so we’re held even.

The second principle of the Tax Reform Act of ’86 was distributional neutrality. That is, the tax cuts were about the same in percentage terms regardless of your income. So the rich did not benefit disproportionately, the middle class and working classes got something meaningful out of this legislation.

And the third provision, that this administration has completely ignored, was bipartisanship. The 1986 Tax Reform Act was genuinely and popularly bipartisan, had the support of the Democratic leadership and the Republican leadership, and this is one reason why it was well-designed legislation.

And so Trump has abandoned the three critical principles that underlay the Tax Reform Act of 1986 and that’s why he’s come up with something that bears absolutely no similarity to that legislation. No matter how many times he lies about it, it’s just not true.

MW: So to reiterate, you think there’s little or no chance that this will get through by the end of the year?

BB: Well, let’s just say I would be shocked beyond belief. In fact, I’m not sure whether they can pass this before the end of next year. I just think that making the sausage — you know, it’s one thing to talk about the theory of making sausage and it may be rather tasty at the end of the day, but the making of the sausage is kind of disgusting and we’ve just now begun the process of sausage making. I think they’re going to have a lot of problems, especially in the Senate.

Coming: Bruce Bartlett on his book, The Truth Matters.

The post GOP Tax Cuts Won’t Pass This Year — Or Maybe Even Next appeared first on BillMoyers.com.

How the Swindlers of Silicon Valley Avoid Paying Taxes

Published by Anonymous (not verified) on Fri, 20/10/2017 - 3:01am in

This post originally appeared at The Nation.

The sleeper issue in Donald Trump’s tax-cutting agenda is a potential bombshell called the “territorial tax system.” It doesn’t get the headlines, or even much political discussion, so the public is clueless. The industrial titans of Silicon Valley like it like that. Their proposal would fundamentally alter the taxation of US multinational corporations, and beneficiaries would include celebrated brand names like Google, Microsoft and Apple.

Those tech giants and other globalized companies have been after Congress for years to make the switch to “territorial.” But corporate execs are not making their campaign noisy, because their so-called “tax reform” would be a dead turkey if citizens understood the threatening implications.


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A staff member sets the stage before a news conference where Republican lawmakers announced their plans for tax reform on Sept. 27, 2017 in Washington, DC. (Photo by Drew Angerer/Getty Images)

Hacking Trump’s Tax Plan

BY Sarah Jaffe | October 5, 2017

That seems unlikely. The big names of information technology are popular companies and, yes, global trade is complicated stuff, hard to explain in a few sentences. Scores of independent watchdogs — citizen organizations like Tax Analysts and Americans for Fair Taxation — are sounding the alarm and lobbying members of Congress. But it’s an uphill struggle, especially since the Democratic Party has not tried to alert voters and mobilize public opposition.

In my experience, this is how American democracy frequently fails its promise. Politicians privately blame people for indifference; I mostly blame politicians for ducking their obligations. In my decades as a political reporter, I have found that people of ordinary intelligence can usually see through the corporate smoke and understand complex issues if the pols explain things with plainspoken clarity.

Political parties used to be personal teachers, going door to door in neighborhoods, listening to gripes and opinions, plugging the party line and ticket. In modern politics, cynical candidates needn’t bother. They can parrot what the pollsters tell them people want to hear. I prefer politicians who tell people what they need to know.

So here are critical points about the “territorial” tax system people need to understand but corporate advocates won’t mention: If the scheme is passed, American companies with operations dispersed globally would pay US taxes only on the profits earned within the territory of the United States. In the current system, Washington attempts to tax multinationals on their worldwide earnings but fails miserably because the corporations have figured out fiendishly complicated ways to hide their profits in low-tax foreign countries. (That speaks to a separate but related item on the multinationals’ current wish list for tax reform: “forgiveness” for the roughly $600 billion in profits they would owe once they repatriate those profits, an issue I have addressed previously in this column.)


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New Yorkers and visiting demonstrators protest during a march on Tax Day demanding that President Donald Trump release his tax returns in New York City on April 15, 2017. (Photo via EuropaNewswire/Gado/Getty Images)

The GOP Tax Plan is What We Knew it Would Be — Tax Cuts for the Rich

BY Josh Bivens and Hunter Blair | September 28, 2017

At first glance, the territorial approach sounds vaguely patriotic — an “America first” approach to the taxation of US multinational corporations. In reality, this new system would be more like the “Get Out of Jail Free” cards in the game of Monopoly. The legislation would allow an ingenious scam, in which America’s celebrated high-tech champions would be rewarded for abandoning the mother country if they decide the price is right.

The Institute on Taxation and Economic Policy (ITEP), a nonpartisan organization, has warned, “Corporations would have even greater incentives to engage in accounting gimmicks to make their US profits appear to be earned in offshore tax havens such as Bermuda and the Cayman Islands, where corporate profits are not taxed.”

The logic for companies is not complicated. Silicon Valley and other sectors like the drug industry are notorious for dodging US taxes. A basic technique involves assigning the supposed “ownership” of a company’s profit-making functions to affiliates in cooperating foreign nations. This works especially well for intangible assets like intellectual property — drug patents or hard-to-value high-tech innovations. The process reeks of fraud, but government enforcement has either been intimidated or overwhelmed by the volume of fictitious deals. The new territorial system does not in theory prohibit these fraudulent corporate arrangements with foreign countries; it merely ends Washington’s failed attempts to collect the taxes.

The examples of US companies doing fraudulent deals or ignoring the rules are so numerous they seem like business as usual. Bermuda, for instance, has a GDP of only $5.5 billion, but Fortune 500 companies claimed, in the most recent year for which statistics are available, that they harvested a total of $104 billion in profits from Bermuda. The European Union’s antitrust commissioner accuses Apple of funneling $15.2 billion in profits from two Irish subsidiaries to an unnamed office that had “no employees, no premises, no real activities.” And the commissioner has accused Amazon of an illegitimate tax agreement with Luxembourg, ordering that country to collect $293 million in unpaid taxes from the American retailer.


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Representatives of progressive political activist groups join members of the Congressional Progressive Caucus for a news conference outside the US Capitol in Washington, DC, on Oct. 4, 2017. (Photo by Chip Somodevilla/Getty Images)

Robert Reich: Five Reasons the GOP Tax Plan Is a Cruel Joke

BY Robert Reich | October 11, 2017

2017 policy paper from the Urban Institute, citing scholarly sources, traced the twists and turns of a single tax evasion without naming the company or its invention. Here’s how an American company hides its profits from the US tax collector:

Suppose a US high-tech company patents a new product and sells the patents to its Irish affiliate. If the product is not yet being marketed, the value of its patents is difficult to ascertain. The US parent company charges its Irish affiliate a low price, minimizing its taxable income from developing the new product. Once the product’s success is established, the Irish company can then charge a high royalty to a contract manufacturer in China, causing a large share of the profits of the corporate group to be reported to Ireland, with a 12.5 percent [tax] rate. Further techniques then can be used to shift the reported profit from Ireland to a subsidiary in the Cayman Islands or Bermuda, eliminating even the low Irish tax.

Warning to Nation readers: Do not try to use any of these maneuvers on your personal income tax. You might go to jail.

Would Trump’s version of territorial taxation stop US corporations from using these accounting tricks? Critics say of course not. We don’t know the official answer at this point, because private negotiations are still under way between the high-tech industry and congressional Republicans. Trump has allegedly left the details to Congress, but who knows whether that’s true.

Martin Lobel, a Washington lawyer who chairs the group Tax Analysts, said it is inconceivable that the GOP would shut down these tax gimmicks so favorable to big business. “There are no such things as ‘American multinationals,’” Lobel said. “These corporations are called multinationals for a reason. They will invest wherever they can make the most profit. If the tax code allows them to make more profits offshore, that is where they will invest, despite the millions of dollars of subsidies our tax code gives them.”


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Traders on the floor of the New York Stock Exchange (NYSE) on Jan. 20, 2016. (Photo by Michael Nagle/Bloomberg via Getty Images)

A Tax on Wall Street Trading is the Best Solution to Income Inequality

BY Dean Baker | June 1, 2017

Lobel and other opponents of the territorial scheme point out that tax-dodging by multinationals injures Americans in broader ways. As ITEP explained: “The ability to avoid US taxes entirely on profits on foreign operations, rather than simply deferring taxes on those profits, would provide a strong incentive to locate real investment overseas rather than in the United States. Less investment in the United States would put downward pressure on the wages of American workers.”

The outcome of Trump’s tax-cutting agenda is imperiled because of the political chaos the president has inspired. Recode, an informed website that covers Silicon Valley, reports that the Information Technology Industry Council, which represents Apple, Google, Microsoft and others in Washington politics, supports the goal of a territorial system but has withheld endorsement because it isn’t satisfied with the details. In other words, the lobbyists are working the squeeze play that powerful interests typically apply at this stage of legislative debates.

It would help if the Democratic Party made some noise and raised some of the obvious arguments against shifting to territorial taxation. “If territorial becomes a public issue, Democrats will be against it,” Lobel predicted, “because Democrats represent small business and small business gets screwed by this, since they don’t get any benefits and it puts them at competitive disadvantage by the big multinationals.”

Reformers like Lobel suggest there is a plausible remedy for America’s confused tax system. Washington legislators could follow the model of a unitary system like the one California uses for its state taxes: It determines the tax liability by calculating a company’s profit in the state based on its sales, personnel and property — the same elements that businesses use in their investment decisions.

Lobel is not confident the public would rebel against the territorial system if the Democrats decline to take the lead. Party leaders are shy for the usual reasons: They are divided among themselves. Some of their best friends — and donors — are Silicon Valley billionaires, who generously support progressive social values and provide sustaining contributions to affiliated liberal organizations like the Center for American Progress.

Reforming and taxing multinationals is a divisive matter for Democratic leaders and other influential elites — though not for rank-and-file Democrats, who are overwhelmingly in favor of raising taxes on both multinationals and wealthy individuals. The passive silence at the top of the party and the boiling disappointment down below may be seen as a leading indicator of the party’s troubled future.

The post How the Swindlers of Silicon Valley Avoid Paying Taxes appeared first on BillMoyers.com.

Let’s Stop the GOP’s Biggest Grift of All

Published by Anonymous (not verified) on Thu, 05/10/2017 - 5:00am in

This post originally appeared at OurFuture.org.

Republican leadership isn’t subtle with their looting of the public treasury these days.

Last Friday, Trump’s secretary of Health and Human Services, Tom Price, resigned for sticking the public with a more than $1 million bill for his personal use of private charter and military planes.

This bit of malfeasance surprised no one. Price’s brazen trading of drug corporation stocks while pushing legislation on their behalf as a congressman should have derailed his confirmation. It didn’t.


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New Yorkers and visiting demonstrators protest during a march on Tax Day demanding that President Donald Trump release his tax returns in New York City on April 15, 2017. (Photo via EuropaNewswire/Gado/Getty Images)

The GOP Tax Plan is What We Knew it Would Be — Tax Cuts for the Rich

BY Josh Bivens and Hunter Blair | September 28, 2017

Yet Price is far from alone. Plenty of other Trump administration officials, not least Trump himself, have been lining their pockets with perks — if not cash outright. It now seems that more government appointees have been riding high on the public dime: Treasury Secretary Steven Mnuchin, Secretary of Veterans Affairs David Shulkin and Interior Secretary Ryan Zinke all face similar allegations.

This abuse of the public’s trust — and resources — is outrageous and enraging, but pretty skimpy compared to the right’s years-long raiding and dismantling of public services to the benefit of private profiteers.

This long grift now culminates in the tax and budget plans GOP lawmakers want to rush through Congress. These plans amount to a corporate and billionaire-class plunder of our public resources — and the services they fund: health care, education, housing and our basic infrastructure.

Here’s a little more about what’s in the GOP’s tax and budget plans, and how to stop this raiding of the public’s treasury and trust, just like we’ve blocked three bills to repeal health care.

 
A Tax Plan For Plutocrats

Last Tuesday, GOP leaders announced a plan to slash taxes for corporations and the rich. If you’re clearing about $700,000 a year — and aren’t one of the wealthy who cares about the common good — you can greet this scheme as good news.

For the rest of us, it’s awful news. It means Medicare, Medicaid and many other services are on the line. Plus, under this scheme, taxes will go up for many families that are just scraping by while the rich benefit.

In all, the Trump-Ryan plan would cut federal public revenue by $2.4 trillion over 10 years, even though taxes will go up for almost 30 percent of people with incomes between $50,000 and $150,000 and, potentially, for many families with incomes below that amount.

These tax increases will pay not for health care, food or housing — a good use of public funds — but to hike the income of the richest one percent of families in the US. They’d see their after-tax income rise by 8.5 percent. Here are just some of the giveaways for corporations and multimillionaires:


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(Photo by Alison Stine for Equal Voice News)

Trickle Down Devastation: A Single Mom Responds to Trump’s Tax Plan

BY Alison Stine | April 27, 2017

  • Slashes corporate tax rates by 40 percent and creates new write-offs
  • Rewards corporations for hoarding profits offshore
  • Removes the alternative minimum tax, allowing the rich to deduct their way out of their tax contribution
  • Eliminates the inheritance tax on estates valued at $5.5 million (or $11 million for a married couple)
  • Lowers the tax rate for businesses like law firms, hedge funds and real estate development firms

 
What We Know So Far

Republican leaders in Congress want to push their corporate-billionaire tax cuts through using the budget reconciliation process. Under this scheme, the House and Senate would each pass budget instructions that clear the path for the plutocrat tax plan by mowing down our essential services.

On Thursday, the House will vote on a budget proposal doing exactly that. The proposal slashes and caps Medicaid, cuts and privatizes Medicare, and assumes the health care repeal that the public has rejected repeatedly since January, among many other cuts.

Senate leaders unveiled their budget proposal last week — a proposal described as “even less fiscally responsible than the House budget plan,” with similar rollbacks to public services. The Senate is expected to vote on this plan mid-month.

Notably, not included in any of these proposals is a requirement that Medicare negotiate prices with drug corporations, which would yield savings for the public — but would also cut into the investments of multimillionaires like former Health Secretary Tom Price.

 
Don’t Be Shy

The right wing has been explicit and aggressive in its agenda to make our country more racially and economically unequal. This agenda pushes people away from the ballot box, out of the doctor’s office, and off the spreadsheets that make up our public budgets.

That’s their big grift.

Those of us who believe in political and economic democracy should be explicit, too. We expect corporations and the rich to contribute adequately to the common good.

On Wednesday, Oct. 4, People’s Action member organizations and many other grassroots groups will be holding public actions to demand that this budget be rejected. You can take action today by calling your representative in the House at (888) 516-5820 and tell them to vote no on the House budget.

The post Let’s Stop the GOP’s Biggest Grift of All appeared first on BillMoyers.com.