Many say America is the richest country in the world. But then why are our roads and bridges crumbling? Why do we have overcrowded classrooms? Why can't everyone afford the lifesaving medicine they need??

Because corporations and the ultra-wealthy are not paying their fair share.?

This is not new; we've always known that the ultra-wealthy use their money to buy power and avoid accountability. In 2020, at least 55 of the largest, profitable corporations in the United States paid no federal income tax, despite almost $40.5 billion in U.S. pretax income that year.? A groundbreaking report by Public Citizen added that these same corporations spent nearly $450 million combined on lobbying and campaign contributions over the last three election cycles.

And it keeps getting worse. As working families struggled to get by and make ends meet, America's billionaires got over $1 trillion richer during the pandemic. The ultra-wealthy and tax-dodging corporations don’t play by the rules and think they can buy preferential treatment by lining the pockets of Republicans, like Senators Ron Johnson in Wisconsin and Marco Rubio in Florida.

Now is the time to act, because President Biden is taking corporations and the ultra-wealthy head-on. Last week, Congress took a critical step in moving forward with Biden’s Build Back Better Agenda by passing the budget resolution! Budget reconciliation gives us the opportunity to invest $3.5 trillion in jobs and ease the burden of the high costs of healthcare, elder care, child care, education, housing, and more for working families by ensuring the ultra-wealthy pay their fair share.

Taxing the rich is wildly popular: Sixty-nine percent of voters think the ultra-wealthy and corporations should pay their fair share in taxes. But instead of representing the interests of working families, Republicans are busy defending tax cuts for billionaires and big corporations and trying to obstruct Biden’s agenda to build a stronger economy that works for us all.? Working Americans deserve an infrastructure that provides access to more than just roads and bridges. Every election matters, we need to? vote in every election regardless of GOP efforts to obstruct the votes in states they control.

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(3) comments

Stephen Eldridge

It appears that Mr. Carr is an alien who came to the US without experiencing the required education on US principles of govt that legal immigrants go through.

Our founding document is the US Constitution that severely limits the powers of the fed gov and grants maximum freedom to individuals.

Mr. Carr obviously came from a country government by the Communist Manifesto that treats all wealth as belonging to the commune.

Mr. Carr never learned that our fed gov has no power over local education, roads, etc.

He believes that 69% of the people agree the rich should pay more, just like the Bolsheviks of the old USSR. Mr. Carr never learned how miserably that worked out for the people. He has no clue that our Constitution deliberately rejected the mob rule of Democracy in favor of our Republic’s protection of the minority. And people want someone else to pay all the tax - wow, what a surprise.

Richard Ballantyne

Stephen Eldridge is spot on. Too bad the Founding Fathers didn't impose a Constitution bsn on government borrowing, deficit spending, and didn't cap annual taxation at 10 percent of GDP. Then maybe the Federal government of 2021 might still resemble what the Founders envisioned -- small, limited, and inexpensive -- and we might be enjoying a lot more individual liberties that have been lost since 1789.

Regarding taxing the rich, if you tax people too much, they simply change jurisdictions to legally avoid payment of the tax. They may even renounce their citizenship. The path to prosperity (this will be painful at first, but will get better after several years) in order to purge out all the malinvestment, is higher interest rates, austerity, lower taxes, no minimum wage, no welfare state, fewer regulations. Then we might start to seeing manufacturing move back to inside the US borders, and then the purchasing power of wages would increase even if wages in terms of dollars decreases (since higher interest rates would create deflation). Then people would be greatly incentivized to maximize their production and to save/invest their earnings. Instead we have the exact opposite -- millions of people being paid by the government to be unproductive (to not work), massive money printing, low interest rates, low reserve requirements for banks. Thus we have huge expansion of the money supply, asset bubbles, and rising prices. Combine that with government backed student loans and loan forgiveness and you create a generation of clueless unproductive graduates/activists with Grievance Studies degrees.

Jason Evans

I think Jim and I would agree that our tax system is overly complicated and difficult to navigate. I disagree with the culprits and solutions.

From the Institute on Taxation and Economic Policy, the top 1% of earners paid 24.3% of total income taxes. The top 20%? 66.4% of total income taxes. Is this really unfair?

Jim states 55 large companies pay zero tax on their $40.5 billion in income. Even if the government confiscated every dime they earned, it would only be 13.5% of the $3 trillion Federal deficit.

Seeing how a 100% tax isn’t enough, Jim needs to expand his definition of who is “rich”. Would the taxes eventually resemble Ithaca's, where we oppressively tax home owners? Property taxes here create immense struggles for average people to hold onto their homes, let alone keep up with repairs and invest.

For these reasons, I have difficulty with Jim’s Republican boogeyman because it’s in states such as our own that have the most complicated and inequitable spend and tax schemes. BEFORE the pandemic hit New York had a $6 billion dollar budget deficit.

Jim asks, why are our roads and bridges crumbling? New York has some of the highest per-mile construction costs in the United States.

Why do we have overcrowded classrooms? I’m not certain this is a problem locally but nonetheless, according to the U.S Census Bureau New York spends double the national average per pupil, the most of any state.

I see many Democrats dividing people today. “Rich versus poor”, “essential versus non-essential”… I think we should stop dividing people, and focus on the culprits of our division. It’s the people spending our money!

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