Quote from Sen. Sheldon Whitehouse.
…wait for it…wait for it….BOOM! There it is!
Headline – “Conservative Republicans say COVID spending must consider growing debt.“
The GOP who gave us a ruinous 2017 tax plan now senses that they’ve wrung as much money for their wealthy donors as they can from the previous “stimulus” bills and it’s time to invoke the the specter of “runaway deficit spending” again. Sen. McConnell casually threatened states and cities with bankruptcy instead of the aid they desperately need, and his compatriots are foreshadowing their plans to destroy safety nets for regular people, like Social Security, Medicare, and Medicaid, to pay for their COVID-19 giveaways to corporations and the rich. Just in time to thwart another stimulus bill aimed at helping us non-millionaires, our election system and the USPS weather this pandemic.
But we know where to find some money…We need to take it back.
Action #1: STOP the GOP’s $170 billion hand-out to the wealthy.
In our 3/31 post, we asked legislators to take back one of the most corrupt aspects of the CARES Act, a $170 billion tax break giveaway for millionaires. Over 80% of this multi-year benefit would go to 43,000 wealthy hedge fund managers and real estate speculators, gifting each of them an average of $1.6 million for 2020 alone. (Details of this boondoggle here.) Senator Sheldon Whitehouse (D-RI) and Congressman Lloyd Doggett (D-TX) are now trying to get this handout rescinded, along with 178 groups, including Indivisible.