Obama’s continuation of Bush’s tax cuts amount to an additional massive transfer of wealth from working people to the rich. For example, at least one-quarter of the benefits of these tax cuts go to the wealthiest 1 percent of the population, thereby increasing the inequalities in wealth. Most working people will only see a slight drop in their taxes, but the stunning provision is that families that make less than $40,000 will actually suffer a tax increase. If they could only lobby the politicians like the bankers do, they wouldn’t be in this predicament
Posted on: Mon, 24 Mar 2014 23:35:33 +0000
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