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Paradise Papers Show How Misguided the G.O.P. Is on Taxes

Quicklink Submitted By   Follow Me on Twitter     Message Susan Lee Schwartz     Permalink    (# of views)   2 comments, 8 series

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' Even in the face of the Paradise Papers revelations -- which shine another spotlight on how the rich and powerful game the system to avoid paying taxes they would owe -- the GOP wants to lower taxes on big corporations & rich individuals even further.  According to an analysis by the  Committee for a Responsible Federal Budget, $1 trillion of the overall $1.5 trillion cost is from cuts for businesses.'  63 percent of foreign profits made by American multinational corporations are stuffed in these subsidiaries and accounts, depriving the country of about $70 billion in tax revenue each year.  Many of these maneuvers are perfectly legal, but it isn’t a victimless act when companies and the wealthy shield their money from our government. The missing billions from corporate offshore tax avoidance would go a long way to repair infrastructure fund schools and health care. '

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I began teaching in 1963,; Ba and BS in Education -Brooklyn College. I have the equivalent of 2 additional Master's, mainly in Literacy Studies and Graphic Design. I was the only seventh grade teacher of English from 1990 -1999 at East Side (more...)
 

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