Jim Hightower's Lowdown

The GOP’s New Plan to Enrich the Super-rich… Again


Listen Later

Excellent news, people: Republican officials are mounting an all-out political push for a massive cut in our taxes next year!

Well… by “our taxes,” they don’t mean yours. Rather, here they come with another absurd sob story about giant corporations and the super-wealthy suffering unbearably from excessive taxation. Claiming to feel the pain of these multibillionaires, the GOP is riding to their rescue, promising to extend the trillion-dollar tax boondoggle Donald Trump handed to the rich in 2017, and vowing to add an extra trillion-dollars-worth of new breaks for them.

Upgrade your subscription

Ludicrously, the lawmakers, lobbyists, and corporate front groups pushing this garish plutocratic giveaway loudly insist that the real beneficiaries are not the privileged few, but [cue the patriotic music] America! Lowering taxes on the corporate rich, they exclaim, will let those elites invest more in new jobs and enterprises, expanding the economy for all.

 Of course, that’s the same ball of dung they keep rolling up Capitol Hill again and again, and it gets stinkier every time, especially now that monopolies control everything from high tech and health care to oil and food prices. Why reward them? Far from creating jobs, they’re frantically automating them, and rather than increasing competitiveness, monopolies buy up or squeeze out competitors. Plus, if they get another tax windfall, the oligarchs will just use it to jack-up their stock prices, artificially making them richer and more dominant over us.

Another “gotcha” in the GOP’s giveaway would gut the IRS’ ability to investigate and prosecute these filthy rich scofflaws who annually cheat us out of billions of dollars they owe for the upkeep of America. For information and action on this massive ripoff, go to AmericansForTaxFairness.org.

Leave a comment

Share

Jim Hightower's Lowdown is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

...more
View all episodesView all episodes
Download on the App Store

Jim Hightower's LowdownBy Jim Hightower

  • 4.8
  • 4.8
  • 4.8
  • 4.8
  • 4.8

4.8

334 ratings


More shows like Jim Hightower's Lowdown

View all
On the Media by WNYC Studios

On the Media

9,131 Listeners

CounterSpin by Fairness & Accuracy In Reporting

CounterSpin

493 Listeners

Best of the Left - Leftist Perspectives on Progressive Politics, News, Culture, Economics and Democracy by BestOfTheLeft.com

Best of the Left - Leftist Perspectives on Progressive Politics, News, Culture, Economics and Democracy

3,364 Listeners

Ring of Fire Radio with Farron Cousins by Audio Matters LLC

Ring of Fire Radio with Farron Cousins

478 Listeners

Ralph Nader Radio Hour by Ralph Nader

Ralph Nader Radio Hour

1,198 Listeners

The New Yorker Radio Hour by WNYC Studios and The New Yorker

The New Yorker Radio Hour

6,670 Listeners

The Nation Podcasts by The Nation Magazine

The Nation Podcasts

417 Listeners

The DSR Network by The DSR Network

The DSR Network

1,744 Listeners

The Hartmann Report by Thom Hartmann

The Hartmann Report

1,370 Listeners

The Atlantic Interview by The Atlantic

The Atlantic Interview

1,924 Listeners

Gaslit Nation by Andrea Chalupa

Gaslit Nation

3,954 Listeners

The Al Franken Podcast by The Al Franken Podcast

The Al Franken Podcast

8,619 Listeners

Brian Lehrer: A Daily Politics Podcast by WNYC Studios

Brian Lehrer: A Daily Politics Podcast

671 Listeners

The PoliticsGirl Podcast by Meidas Media Network, Leigh McGowan

The PoliticsGirl Podcast

4,246 Listeners

Letters from an American by Heather Cox Richardson

Letters from an American

5,290 Listeners