CARES Act
GOP Tax Cuts in Coronavirus Relief Bill Give 82% of Benefits to Millionaires and Billionaires
Hidden away in the Coronavirus Aid, Relief, and Economic Security (CARES) Act is a series of Republican tax cuts that will save the ultra-wealthy $90 billion in 2020 alone. According to a report from the Joint Committee on Taxation (JCT), a nonpartisan congressional body, almost 82 percent of the benefits of the tax breaks will go to just 43,000 Americans who make over $1 million annually.
The NY Fed, Owned by Banks, Is Bailing Out all Failing Businesses – Including the Banks
In principle, everything being done now has been done before but on a smaller scale. The limitless scope of the new program is new, but the Fed remains in complete control at every step - including control over Congress and the White House. As usual, this latest maneuver is of the banks, by the banks, and for the banks.
Was the Fed Just Nationalized?
Did Congress just nationalize the Fed? No. But the door to that result has been cracked open. Mainstream politicians have long insisted that Medicare for all, a universal basic income, student debt relief and a slew of other much-needed public programs are off the table because the federal government cannot afford them. But that was […]
Pagination
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