Making Struggling Workers and Families Foot the Bill

[wvit1001]

Corporate America Paying Lowest Share of Taxes Since Eisenhower Era



"Republicans sold the tax scam as a way to create jobs and help workers. They lied," wrote Sen. Bernie Sanders after Ford announced it is cutting 7,000 jobs

"Businesses contributed 7.6 percent of the $3.5 trillion in total tax revenue collected for fiscal-year 2018... a two percentage point decline from the previous year," CBS News reported.

According to CBS, that is the smallest share of federal income taxes corporations have paid in "nearly 60 years."

With U.S. companies paying less, and in some cases zero, in federal taxes thanks to the Trump-GOP law—which slashed the corporate rate from 35 percent to 21 percent—individuals are now taking on a larger share of the nation's tax burden.

Individuals accounted for 57 percent of federal tax revenue in 2018, compared with 54 percent the previous year, CBS reported.

The new IRS data came just a day after Ford—which reaped a massive windfall thanks to the Trump tax cuts—announced it is eliminating 7,000 jobs as part of a "massive organizational restructuring" effort, which the company expects will save as much as $600 million per year.


https://www.cbsnews.com/news/businesses-paying-their-lowest-share-of-taxes-since-at-least-1960/

[Jw2]

speaking of making taxpayers footing the bill...


Trump’s Golf Costs: $102 Million And Counting, With Taxpayers Picking Up The Tab

https://www.yahoo.com/lifestyle/trump-golf-102-million-taxpayers-094500724.html


so much for the phony conservative value of "fiscal responsibility"

[wvit1001]

Even by trump's own accounts his golfing is costing the taxpayers about 3 times more than the Mueller investigation cost.

[wvit1001]

[Dan]

Corporate America Paying Lowest Share of Taxes Since Eisenhower Era

Good!  That makes American companies competitive in the world marketplace.  Funny how you complain about American business suffering under the tariff taxes, but when it comes to American businesses suffering under income taxes, you're fine with that.

"Republicans sold the tax (reform) as a way to create jobs and help workers. They lied"

So Bernie Sanders thinks Republicans didn't think the tax reform would actually do what they said it would do?  The fact is it did create jobs and help workers.  If they were lying, that means they had to have thought it wouldn't work.  But it did.  Personally, I believe they were telling the truth because they KNEW tax reform would work.  It is B.S. who is lying here.

wrote Sen. Bernie Sanders after Ford announced it is cutting 7,000 jobs

LOL!  Funny how he forgot to mention the 236,000 jobs CREATED last month.

No wonder Crazy Bernie Sanders is cratering in the polls.

Making Struggling Workers and Families Foot the Bill

What bill?

[WWV10MHZ]

Not very likely!!!

They eat BEANS!!!