After receiving a massive tax break from the #TrumpTaxScam, Walmart laid off about 10,000 workers by closing 63 Sam’s Club stores. And if that wasn’t enough, last week Walmart announced a SECOND round of layoffs. So much for tax cuts creating jobs….
“In 2017, Amazon reported $5.6 billion of U.S. profits and didn’t pay a dime of federal income taxes on it. The company’s financial statement suggests that various tax credits and tax breaks for executive stock options are responsible for zeroing out the company’s tax this year.”
The online retail giant has built its business model on tax avoidance, and its latest financial filing makes it clear that Amazon continues to be insulated from the nation’s tax system. In 2017, Amazon reported $5.6 billion of U.S. profits and didn’t pay a dime of federal income taxes on it. The…
Looks like those tax cuts are really kicking in now!
“It’s the biggest drop in stock market history, I mean it’s yugeeee. It’s the greatest stock market drop in any single day through out history, and it happened under me, President Donald J Trump” #MAGA
By I thought privatization meant efficiency and effectiveness? 🤔
An agency watchdog says a congressionally mandated program using private debt collectors has been poorly administered and failed to respect taxpayers’ rights.
“The Democrats as a party currently do little more than speak their truth to GOP power. They do not act as or collaborate with or try to build a real social opposition. As far as the party goes, there are no demonstrations, no mass mobilizations: The Democrats vote and lose and make weak speeches to ever-smaller audiences. Democrats seem to fear losing major donations and donors were they to mount real opposition. The primary loyalty of major donors is to the capitalist system that undergirds their social position. This or that form of capitalism is of much less importance. The GOP gets this, too. Both parties now pander to the same donors; they have become, more than before, two wings of a party unified in its devotion to capitalism.”
People are speaking truth to capitalism with socialism.
In 2010, the top 100 donors contributed $73 million for federal elections.
In 2012, they gave $380 million
In 2016, they donated OVER $900 MILLION.
I wonder if this has any impact on what government does? In 6 years, the top 100 donors gave 12X the money as before. This political corruption must be issue #1
The real impact of an unregulated campaign finance is on policy, and the proof is in this year’s tax bill.