let them know you are mad!
Letters, we send letters. BTW, this is a good time to start sending those letters in.
Muscatine County chair Don Paulson counters the flawed arguments of Rep. Tom Sands LTTE in the Muscatine Journal. Sands argues from a trickle down perspective. In case you’re not keeping score, trickle down started under Reagan in 1981. Over the years both national and state governments have cut corporate taxes a lot, yet as of yet none has trickled down yet. Instead the savings have rushed up to the pockets of the top 1%:
That Tom Sands- what a joker! Republican State Representative Tom Sands, in his 7/18/15 letter in the Journal predicts doom and gloom if the U.S. Congress doesn’t reduce the corporate tax rate. What nonsense!
Way back in an 8/5/13 article in the Huffington Post (‘The Three Biggest Lies About Why Corporate Taxes Should Be Lowered”)
Robert Reich pointed out that:
1) After deductions and tax credits the average corporate tax rate in the U.S. is lower. According to the Congressional Research Service the United States has an effective corporate tax rate of 27.1 percent.
2) Corporations don’t need lower taxes to create jobs- they are sitting on almost $2 trillion in cash.
3) Corporations don’t need a tax break to be globally competitive- the “competitiveness” of American corporations is becoming a meaningless term because most big U.S. corporations are no longer American companies at all. The biggest have been creating way more jobs abroad than in the U.S.
We all remember Warren Buffet’s quote that his company pays a lower tax rate than his Secretary. And we have all heard of the untold billions (trillions?) that corporations are hoarding in tax havens like the Cayman Islands.
If corporations are people, my friend, then they need to step up and start paying their fair share in taxes and raise wages for their workers. The American economy is driven by consumer spending. It can’t move forward when American worker’s incomes are stagnant or declining while 99% of the wealth being generated goes to the !% of the wealthiest among us.
Thank you for fighting the myths with the facts, Don
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