tax cuts

Recession On The Way? Trump Will Make It Worse With Another Massive Tax Cut For The Rich

Trump has an even worse one in mind nowTrump wants to put through another big tax cut for the wealthy before the election and Bloomberg News is reporting that the regime thinks it can be done without approval from Congress— which certainly wouldn’t be coming. The plan is “to cut taxes by indexing capital gains to inflation.

You can work long, hard, or smart, but at Amazon.com you can’t choose two out of three

The central argument of Amusing Ourselves [Neil Postman] is simple: there were two landmark dystopian novels written by brilliant British cultural critics – Brave New World by Aldous Huxley and Nineteen Eighty-Four by George Orwell – and we Americans had mistakenly feared and obsessed over the vision portrayed in the latter book (an information-censoring, movement-restricting, individuality-emaciating state) rather than the former (a technology-se

Mainlining the Capitalist Sugar-High: The Age of Corporate Buybacks

WASHINGTON — Weeks after he was sworn in as president, Donald Trump met with Harley-Davidson executives and union representatives at the White House, to win support for his tax-plan proposal:

I think you’re going to even expand — I know your business is now doing very well, and there’s a lot of spirit right now in the country that you weren’t having so much in the last number of months that you have right now.”

Data Shows Trump Tax Cuts Did Not Raise Wages, Instead Went to Corporate Executives

Once again, President Trump touted the supposed benefits of the new tax law at an April 12 ceremony in the Rose Garden. “Our massive tax cuts are growing paychecks all over our country [and] creating jobs and expanding the American dream just like we said would happen,” he said, in a surprisingly disciplined statement.

Just How Bad Is Inequality at America’s Major Corporations?

That America’s income distribution has grown dramatically more unequal in the past 40 years is beyond debate. The share of the top 1 percent has doubled since 1980, to over 20 percent of all income.
Could it get any worse? A look at America’s large, privately held corporations suggests it could.
When Americans think of large corporations, most of us think of corporations like Pepsi or ExxonMobil, whose shares are publicly traded.