GOP tax plan
December 04. 2017 11:43PM
To the Editor: The Republican tax plan is another blow to average working people and a deception that pretends to produce meaningful economic growth.
In the 1950s, corporations paid $3 in taxes for every dollar paid by working people. It was one of the most vibrant times for the American economy, and produced important investments in infrastructure and technology with nearly full employment and significant GDP growth.
In 2015, the average corporation paid less than 90 cents in taxes for every dollar paid by working people and we had very limited economic growth. The Republican proposal further erodes the disparity between multi-billion dollar corporations’ support for our national interests and the obligation left to individual working people and it adds substantial sums to our deficit.
This is not a partisan issue. It’s a simple economic issue. Our infrastructure is falling apart. Our technology in alternative energy is way behind European and Asian investments. Our health care is in shambles to the real detriment of working families. Our investments in research and education have continually been degraded and the list goes on.
We spend more on the military and weapons acquisition than the next three largest countries combined, and still have thousands of homeless vets, and tens of thousands of homeless children.
Are there no Republicans (or Democrats for that matter) or corporations with offshore tax evading investments that feel any obligation to this country? Will anyone have the courage and wisdom to act on behalf of our people and our planet?