Government by economic elite
Received Nov. 27
It is amazing that conservative deficit hawks are proposing tax reform that adds $1.5 trillion to the country’s deficit. Those same sanctimonious, supposedly fiscally responsible elected representatives are championing a tax cut that showers money on the wealthy while taxes on middle income earners will actually eventually rise.
The same legislators who resisted spending money on badly needed infrastructure repair saying we couldn’t increase the deficit have now decided that the wealthy need reduced taxes. Why the about-face?
Because rich campaign donors have insisted on tax breaks or no more contributions.
House Republican Chris Collins from New York said, “My donors are basically saying, ‘Get it done or don’t ever call me again.’” The rich are dictating tax policy to our legislators who are folding like cheap suits and giving in to those demands.
This is democracy?
No, this is government by the economic elite. The rich want to build dynasties and campaign contributions have the best return on investment. If this tax cut bill goes through, billionaires will make out like bandits.
The Center for American Progress says that Sheldon and Miriam Adelson in 2016 made political contributions of $82 million and stand to get a tax break of billions on their estate taxes.
The Koch brothers spent $11.2 million and could see a return of $38.6 billion. We have to get money out of politics if we want our legislators to represent their constituents.
Call yours and tell them you will hold them accountable.
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