Category Archives: Bob Lord

An Independent Thinker’s Guide to the Tax Debate

[Distributed via OtherWords.org]

Note to Readers: Chuck Collins is one of my colleagues in the Inequality and the Common Good group at IPS. Some of you may have met him when he was here on his book tour. His book, Born on Third Base, is a great read

There’s a heist coming. Arm yourself with the facts!

By Chuck Collins

For 40 years, tax cutters in Congress have told us, “we have a tax cut for you.” And each time, they count on us to suspend all judgment.

In exchange, we’ve gotten staggering inequality, collapsing public infrastructure, a fraying safety net, and exploding deficits. Meanwhile, a small segment of the richest one tenth of 1 percent have become fabulously wealthy at the expense of everyone else.

Ready for more?

Now, Trump and congressional Republicans have rolled out a tax plan that the independent Tax Policy Center estimates will give 80 percent of the benefits to the richest 1 percent of taxpayers.

The good news is the majority aren’t falling for it this time around. Recent polls indicatethat over 62 percent of the public oppose additional tax cuts for the wealthy and 65 percent are against additional tax cuts to large corporations.

Here’s the independent thinker’s guide to the tax debate for people who aspire to be guided by facts, not magical thinking. When you hear congressional leaders utter these claims, take a closer look. Continue reading

Could it Be? Another Viral Video From the Sanders Team?

I always thought I had a face that was made for radio, but I love this new video from Bernie Sanders’ team:

And it’s going viral. Closing in on 700,000 views in 4 hours!!!

Again, sorry for my inability to post the video itself.

Click here for video

 

The NFL Should Do More Than Just Take A Knee

NFL owners have banded together against Trump’s divisive comments, but will they put their money where their mouth is?

By Jessicah Pierre

[Distributed via Otherwords.org]

When Colin Kaepernick began to protest during the national anthem at NFL games last year, he made his intent very clear. “I am not going to stand up to show pride in a flag for a country that oppresses black people and people of color,” Kaepernick told NFL Media.

“To me, this is bigger than football,” he explained, “and it would be selfish on my part to look the other way. There are bodies in the street and people getting paid leave and getting away with murder.”

Kaepernick made the brave decision to do this mostly alone — and of course faced the backlash and took the heat on his own. That was until President Trump decided to attack black sports players who raised awareness about racial injustice. Continue reading

The Tax Trump Would Cut if He Sincerely Wanted to Create Jobs and Increase Wages

[Cross-posted from Inequality.org]

A major problem with Trump’s proposal to decrease the top corporate income tax rate and the rate of tax paid by owners of businesses not subject to corporate tax is that it won’t accomplish its stated objective of creating jobs and increasing wages.

Does that mean the President has been lying to us? Well, yes. Continue reading

White Folks Need to Stop Assuming We Know Everything About Race

Distributed by OtherWords.org.

If you don’t understand why football players are taking a knee, take it as a sign you have more to learn.

By Jill Richardson

As white people across the nation criticize Colin Kaepernick and other NFL players who “take a knee” for the national anthem, they ought to know something first.

White people in America have no idea what life is like for black people in America.

How can I make such a broad statement? How would I possibly know? Continue reading

Trump’s Tax Plan: A Billion or Three for Guys Like Him

[Distributed via OtherWords.org]

If the president’s tax plan passes, it’ll be like he’s cutting himself a check from the Treasury.

What’s the largest personal stake a U.S. president has ever had in legislation he signed into law? Whatever it was, it’ll be dwarfed by what Donald Trump’s signature will be worth — to himself — if Congress passes his proposed tax plan and puts it on his desk.

If that happens, Trump will be effectively cutting himself a check from the U.S. Treasury for several billion dollars.

Call me cynical, but it seems that’s exactly what Trump has in mind. His plan just fits his tax situation — or what we know of it, without access to his tax returns — too perfectly.

The president’s tax proposal eliminates two taxes that mostly benefit the wealthy, and cuts a third tax roughly in half. That would bestow a windfall worth billions on the Trump family. Continue reading