Esquire Theme by Matthew Buchanan
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20

Apr

Let's all pay 0% taxes!!

Last year, Bank of America, Chevron, and Massey Energy managed to pay 0% taxes.  This year, Congress proposes $38billion in budget cuts. If these multi-billion dollar corporations had paid their taxes, we would have an extra $68billion.  Let’s not kid ourselves and think that letting them “save” the 35% created more jobs or boosted the economy - because it didn’t. While the the American public fronted the costs for their oil spills, their air pollution, and their investment failures, these companies are flying around in their private jets guffawing at our utter inability to grasp the gravity of the situation.

oh and btw did you know that our public debt is roughly 50% of our gdp?