Home | Menu | Sign Up | Donate

A pretty dubious anniversary

This week marks the first anniversary of Trump's awful tax cut scam. Here's the short story:

Corporate profits have skyrocketed. Wages have not.

Blue represents 100* Index Corporate Profits After Tax with Inventory Valuation Adjustment (IVA) and Capital Consumption Adjustment (CCAdk), Q1 2017=100/Consumer Price Index for All Urban Consumers: All Items, Q1 2017=100

Red represents those Employed full time: Median usual weekly real earnings: Wage and salary workers: 16 years and over, Q1 2017=100

Corporations have used their record profits to reward their investors, boards, and top executives.

This surprises no one. Giving huge tax cuts for the super-rich has always been a Republican scheme to line the pockets of the investment class, blow up our national debt, and then sell us snake oil, saying we need to gut Social Security and Medicare to pay for it all.

And now, right on cue, the same people who championed this tax scam are complaining about the skyrocketing debt and ranting that programs like Social Security and Medicare are the problem.

The Republicans have tried to sell us these magic beans many times.

I'm sick of it. You're sick of it. Americans everywhere are sick of it.

I will always fight to make sure the super-rich pay their fair share and to protect the social safety net from Republican attacks.

Ron

Posted on December 18, 2018.

What's new

See all news and updates.

Meet Ron Wyden

Ron Wyden, Jeff Merkley and Elizabeth WarrenRon Wyden is a champion for our progressive values -- standing up for consumers and the middle class, fighting for digital privacy and an open internet, protecting our planet and Oregon's special places, and always insisting on human rights and equality for all.

Learn More