For many decades we’ve seen tax reductions for the Uber Wealthy, loopholes for corporations, decreased oversight and taxes on banks, wall street transactions, and increased costs, taxes, “fees”, and fines for the 99% - “tax cuts” are sold/peddled to the gullible as “for everyone” but the truth is far different - they are a pig-in-a-poke designed to steal from our republic & citizens - our sustainable future - to benefit the top 1% - the accumulation of vast wealth that has subverted our politics, Congress and priorities!
In NY prior to 1972 there were 14 income tax brackets - under Nelson Rockefeller the bottom two were eliminated as well as the top 9 leaving a basic rate of 6.85% whether one made 30 thousand or 30 million. The result was $8 Billion (in 1972 dollars!) removed from education (raising local property taxes to obscene unsustainable levels) and infrastructure maintenance, mass transit, health care, revenue sharing, environmental protections/clean-ups etc, etc. That was a give-away to the wealthiest that remains to this day as other such have done nationally!
We hear from corrupted politicians that “we cannot raise taxes” on the wealthy, corporations or wall street - that’s BS What we need is a RESTORATION of fair taxation to give back to society - for trump and all the other pigs at the trough!!
http://fiscalpolicy.org/the-path-not-taken-how-new-york-state-increased-the-tax-burden-on-the-middle-class-and-cut-taxes-for-its-highest-income-taxpayers-by-over-8-billion-a-year Please Read…