Echo from Bozeman MT - proof of failed trickle down
This letter from Bozeman Montana offers evidence of how the "trickle down" economic theory doesn't work. In other words, "tax cuts for the rich" won't help the middle class. Corporations will get richer while the middle class will pay for the growing national deficit.
An "Echo" letter to the editor from Ken Busch from Livingston, Montana published in the Bozeman Daily Chronicle.
Republican orthodoxy contends that throwing billions at the Ivankas and Paris Hiltons among us leads to economic growth.
Very recently Kansas passed massive tax cuts, and their education system suffered and surrounding states sprinted past it in economic growth. For this disaster red-state Kansas voters gave GOP Gov. Sam Brownback a swift kick out of the statehouse.
Only a tiny fraction of CEOs claim they will hire more or raise wages because of the corporate giveaways. Most say they will engage in stock buy backs, which benefits their personal bottom lines. Businesses need customers, not tax cuts. What else do the .01 percent, who have as much wealth as the bottom 22 percent of us, buy except more industrial robots and politicians? Broadly based cuts would help economic growth more these policies that send 82 percent of cuts to the richest people in history while lining the pockets of the Trumps and the “Corker kickback” crowd, i.e. Congress.
Regular taxpayers now get attacks on Social Security, Medicare, Medicaid, increases in local government fees and taxes and a small tax cut that expires in a few years!
However, Republicans gave the Pentagon 21 fighter jets it doesn’t even want but can’t bring itself to extend the CHIP program for kid’s health care. Sen. Daines and Rep. Gianforte should join Brownback in political exile.
Ken Busch, Livingston Montana, letter published in the Bozeman Daily Chronicle
An "Echo" letter to the editor from Ken Busch from Livingston, Montana published in the Bozeman Daily Chronicle.
Republican orthodoxy contends that throwing billions at the Ivankas and Paris Hiltons among us leads to economic growth.
This despite convincing evidence that the
- Bush tax cuts led to the Great Recession,
- Reagan’s second big tax cut to the Reagan recession, and
- Coolidge’s cuts to the Great Depression
Very recently Kansas passed massive tax cuts, and their education system suffered and surrounding states sprinted past it in economic growth. For this disaster red-state Kansas voters gave GOP Gov. Sam Brownback a swift kick out of the statehouse.
Only a tiny fraction of CEOs claim they will hire more or raise wages because of the corporate giveaways. Most say they will engage in stock buy backs, which benefits their personal bottom lines. Businesses need customers, not tax cuts. What else do the .01 percent, who have as much wealth as the bottom 22 percent of us, buy except more industrial robots and politicians? Broadly based cuts would help economic growth more these policies that send 82 percent of cuts to the richest people in history while lining the pockets of the Trumps and the “Corker kickback” crowd, i.e. Congress.
Regular taxpayers now get attacks on Social Security, Medicare, Medicaid, increases in local government fees and taxes and a small tax cut that expires in a few years!
However, Republicans gave the Pentagon 21 fighter jets it doesn’t even want but can’t bring itself to extend the CHIP program for kid’s health care. Sen. Daines and Rep. Gianforte should join Brownback in political exile.
Ken Busch, Livingston Montana, letter published in the Bozeman Daily Chronicle
Labels: Bozeman Daily Chronicle, Corker Kickback, Ken Busch, Livingston Montana, Medicaid, Medicare, Social Security
posted by Juliana L'Heureux | 4:04 PM
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