who gets the benefits in the tax bill? Well, in 10 years 53 percent of the benefit goes to big business and corporate America. The Republicans under the guise of rhetoric say its for the American family, the working family, in 10 years over half of benefits are going back to corporate America. This constitutes the shift of tax liability. Thirty years ago corporations paid nearly 25 percent of the total tax bill in this country. Today they pay less than half that amount. And with this Republican bill, with the next $638 million in tax breaks over 10 years, will provide big business with 53 percent more of the tax cuts in H.R. 1215, the GOP tax bill. The tax bill before the House this week will shift the taxes to the middle income and poorest families in America. This is why people are angry. That is why they are mad as hell and are not going to take it anymore. And under the rhetoric to protect families the GOP, have been force feeding legislation through this session which takes away the ability of working families to help themselves and to get benefits when they are down and out and transferring tax breaks to the big corporations. And, to top it off, the lions share of the individual tax breaks go to the wealthy. Who is responsible for Rupert Murdoch last week? I do not know, candidly. But I can tell you who is responsible for what is happening this week, and that is the radical Republican majority in this House.
Bruce F. Vento: “who gets the benefits in the tax bill? Well, in 10 years 53 percent of the benefit goes to big business and corporate…”
Editor's note · Context
Addressing the impact of a tax bill on working families and corporate benefits.
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