Congress Planning $400 Billion In Corporate “Tax Forgiveness”

Congress Planning $400 Billion In Corporate “Tax Forgiveness”

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People sometimes talk about how the establishment is here to screw you. We’re here to tell you it’s even worse than you think. Cenk Uygur, host of the The Young Turks, breaks it down. Tell us what you think in the comment section below.

“Young people are the good news of 2016. They see the stressful realities of American life more clearly than their elders and are rallying around the straight talk of Bernie Sanders. Meanwhile, the big hitters back in Washington politics are working on an ugly surprise not just for the kids but for all of us — another monster tax break for US multinational corporations.

The bad news is that key leaders of the Democratic Party — including the president — are getting on board with Republicans, despite some talk about confronting income inequality. Influential Democrats intend to negotiate with Republican counterparts on the size and terms of post-facto tax “forgiveness” for America’s globalized companies. This is real money they’re talking about — a giveaway of hundreds of billions.

Why haven’t voters heard about this from candidates? Because Republicans and Democrats both know it would make angry voters even angrier.”*

Read more here: http://billmoyers.com/story/democrats-and-republicans-are-quietly-planning-a-corporate-giveaway-to-the-tune-of-400-billion/

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