While our national economic discussion centers largely around slogans about WINNING and, on the other side, timid technocratic pablum, it is useful to keep in mind this fact: multinational corporations are robbing the entire world blind.
Here is who ultimately wields power in our political system: Rich people. And here is what they care about above all else: Tax cuts. Politics is an investment that pays off. The proof is in the numbers.
The Republican tax cut, which stands as the lone actual big legislative accomplishment of the Trump administration, was sold on a bald-faced lie, and will cost our country more than a trillion dollars. That is the conclusion of a bipartisan team of Harvard economists. Uh... look over there, immigrants!
Since the passage of the GOP’s wildly unpopular and regressive tax bill, American companies have been coming out of the woodwork to announce they are using their tax windfalls to invest in their employees. Even nominally “liberal” companies like Apple and Starbucks have credited Congressional Republicans and the Trump…
Thermo Fisher Scientific is an $86 billion biotech company whose CEO is attempting to pull off his greatest feat yet: convincing his employees that their $500 bonuses are a result of the brilliant economic policies of Donald Trump.
After complaining that the timing of his speech at the 99th meeting of the American Farm Bureau Federation in Nashville wasn’t “cool” enough—it was not, regretfully, the conference’s hundredth anniversary—Donald Trump proceeded to thank a list of state officials and farm lobbyists for welcoming him to the state.
Pat Toomey is the Milford Man of the U.S. Senate. (He even hails, coincidentally, from Upper Milford Township.) Senator Toomey has all the vigor of a can of beige paint. If the Koch brothers had ever discovered an ideologically sympathetic sea cucumber, that sea cucumber could easily have followed the same career path…
On Christmas Day, The Office’s Jenna Fischer posted a long public apology on her Twitter account. Her crime, which was reported breathlessly by Fox News, was having outdated information about a $250 deduction for teachers to buy classroom supplies, a credit that was killed by the House’s version of the tax bill before…
Well, it’s official.
A few hours after the Republican tax plan cleared its final vote, AT&T announced it would be giving 200,000 of its workers a $1,000 bonus.
Despite a last ditch effort by protesters to appeal to any vestige of shame or dignity from within the GOP, House Republicans on Tuesday voted in favor of a tax overhaul that will give a giant boost to the ultra-rich while dramatically screwing over most ordinary citizens.
This week it was revealed that the conference committee finalizing the GOP tax plan inserted a provision that would substantially enrich one of the Republican senators threatening to vote against it. By some miracle and for reasons that surely had nothing to do with that provision, Bob Corker of Tennessee then changed…
It is time for polite, respectable, rational people to start saying what has become painfully obvious: It is time to stop respecting the rich, and start stealing from them. In earnest.
Let’s go back in time to Thursday afternoon. Zip, zip, zoom! Okay, here we are—it’s Thursday afternoon and Marco Rubio is a “no” on the Republican tax plan:
Congressional Republicans insist that their plan to slash the corporate tax rate from 35 to 21 percent will lead to higher wages, job creation, and overall economic growth. The executives running those corporations say they will hoard it. I wonder who’s telling the truth?
Here’s a funny old thing: Doug Jones’ victory last night means there will be one fewer Republican in the Senate, which could—should—mean one less vote for the massive handout to donors that is the GOP tax bill. But Senate Majority Leader Mitch McConnell says Luther Strange, the interim senator currently occupying the…
You can’t take it with you.