the concentration of political power has often led to the concentration of wealth in this country. This is such an important discussion for Americans, and I think most Americans don't realize what a deliberate effort this was for years to take away their power and place it in the hands of the wealthiest and, unfortunately, the most obscenely greedy people in this country who think only they have the wisdom to govern. I thank the gentleman for giving me the opportunity to highlight how Citizens United has impacted not just the political landscape and indeed this room but also our Nation, our culture, and certainly our economy. With the floodgates opened by the Supreme Court in 2010, corporations and billionaires can now make unlimited independent expenditures. As a result, the wealthy few have even more outsized influence on our politics. According to the Center on Budget and Policy Priorities, the 2017 Trump tax cuts overwhelmingly favored the rich. The lowest 20 percent of earners got an average tax break of only $70 while the top 1 percent of earners received over $61,000 in tax breaks, and the top tenth of a percent saw over $250,000 of tax breaks.
Editor's note · Context
Discussing the impact of Citizens United and tax cuts on wealth concentration and political power.
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