What if you lived in a country where the richest 1 percent owned 42 percent of the wealth? Would you cut their taxes? Would you eliminate the alternative minimum tax (AMT) which insures that even the very rich have to pay at least some taxes? Would you eliminate the already lenient estate tax so that the scions of billionaires can pay no tax at all?
What if students, struggling to achieve the dream of a college education, found themselves drowning under a mountain of debt? Would you further burden this best source of upward mobility by eliminating the student loan interest deduction?
What if, since 1987, the Dow Jones had increased 1,272 percent and corporate profits by 777 percent while real household incomes increased 12 percent? Would you continue to believe this trickle-down nonsense?
What if your tax cuts would add $1.3 trillion dollars to the deficit? Would you go ahead and give this massive Christmas present to corporations when the economy, as evidenced by corporate profits and the stock market, clearly doesn’t need such meddling.
This is not about jobs or wages. This is about Republicans rewarding their wealthy benefactors. It hurts the little guy and it transfers wealth to the wealthy. Iowans should ask U.S. Sens. Chuck Grassley and Joni Ernst, R-Iowa, who they work for.
Illinois City, Illinois