AOC, The squad are the poster children for the Democratic Ultra Progressive movement, AOC being the most notable. Problem being for Democrats, there’s a bunch of them and as much as you want to point fingers at the Religious Right & Tea Party as being out of touch with the Center - AOC, The Squad, Bernie et al. are equally off the scale. However their ideology has slowly imbedded itself in the Democratic platform. The DNC, Democrats used to be about Blue Collar, protecting and building the middle class working man, family values. Today it’s centered around fringe interests, wealth redistribution and promoting a state and government dependent serf. Biden hasn’t appointed any Bern’outs to his cabinet. The old guard is fighting but I doubt they’ll be able to stop the tsunami of the progressives.
ooh, free healthcare, free college, reduced corporate welfare, a living wage, cleaner air, what a radical.
where was your outrage at the 2017 tax cuts? The CARES Act trickledown bullshit? Deregulation of financial consumer protections and stock buybacks? Year after year increases of the biggest welfare program in the world, the US defense budget?
So which exact portions of the 2017 tax changes do you object to? The CARES act is a fiasco as well. Handing out $1200 to many people who don't need it was absurd. This funding pool should have been dedicated to people who were either unemployed or underemployed due to the pandemic. Of course, with the understanding that your total unemployment payment should never be more than you earned in your job -- which was another complete screw-up in the CARES act. In many ways the CARES Acts including the PPP (which should have only gone to small businesses with less than $2M in revenue) was a complete fiasco. The negatives in the CARES acts greatly outweighed the positives -- it would have been better off if was never enacted.
ok, so you like welfare you agree with (corporate bailouts during a pandemic & a reduced permanent corporate tax rate below that of individual tax payers'), but not welfare that goes directly to the people most affected. Congrats on being played I guess.
Good luck with all your fallacies. I should point out that most countries have corporate tax rates set well below the rate of individual tax payers. ============================= Let's take a look at the $1200 payments in the CARES act. The intent of these payments was that people would spend the money in their local community helping local businesses survive. What happened in reality. Approx. 40% of people simply put the money into savings. Approx. 30% spent the money on non-essential items such as TVs which they did not buy locally but ordered via Amazon, etc. Less than 30% of the funds found their way back into the local community as food spending, other local shopping, rent. etc.
it doesn't work, even science says so, unless again, you pick your science like you pick your arguments, selectively. https://www.bloomberg.com/news/arti...-cuts-for-rich-didn-t-trickle-down-study-says Fifty Years of Tax Cuts for Rich Didn’t Trickle Down, Study Says
I never disagreed about trickle down impact in regards to individual tax rates. This is totally different than corporate tax rates --- lower corporate tax rates tend to boost corporate hiring and spending --- thereby having a positive impact on employment and economic activity. Many other countries have significantly lower corporate tax rates than the U.S. -- this is why many multi-nationals tend to move profits offshore to take advantage of lower corporate tax rates. Of course, the overall picture of corporate taxation versus economic & employment impact is much more complex than merely the rates. For example, countries such as Germany structure corporate taxes in a manner that companies will pay less in taxes if they spend the money on new machinery or jobs -- but not if they simply give the tax savings back to shareholders.