Saturday, March 28, 2015

Every Tax Loophole Is Sacred

I really don't know why the Republicans are being so blatant about showing their true colors. It can only be from the belief that they are untouchable by the little people. And there isn't much in recent experience that shows that they are wrong.

Some examples:
In: Tax loopholes for the super-wealthy, like inheritance tax shelters, special depreciation for corporate jets, and a lower tax rate for hedge fund managers.
Out: More than $1 trillion for basic economic security for low- or modest-income families -- things like unemployment insurance, basic nutrition assistance, help with child care, and Pell grants for college.
In: Hundreds of billions of dollars in corporate tax giveaways, like incentives for shipping American jobs overseas and reincorporating in a foreign country, and special breaks for coal, oil, and gas companies.
Out: Roughly $400 billion to provide health insurance to low-income families and nursing home care for seniors through Medicaid.
In: Insurance companies once again denying coverage for preexisting conditions and charging women more for health care.
Out: The health insurance that 16 million Americans have gained through the Affordable Care Act -- plus no-cost preventive care, such as cancer screenings and annual wellness visits, and subsidies to help people with modest incomes afford coverage in health reform's marketplaces.

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