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Many corporate giants, in fact, pay minimal or no taxes. Some, like General Electric, get generous rebates in highly profitable years. They game the system, benefitting form tax laws they write. American workers lose out from greater than ever burdens on them.
Obama schemers also want deeper Medicare cuts, higher Medicaid co-pays, and Social Security's retirement age raised to 69 with lower cost-of-living increases. Privately they want Wall Street to control it to suck out maximum profits, then shut it down entirely.
In addition, they want home mortgage interest and tax-free employer provided health insurance capped or ended.
They represent business and super-rich elites. America's middle class is targeted for extinction. Since taking office, Obama capitulated to Republicans on preserving tax cuts for America's super-rich. He gave trillions of dollars to Wall Street crooks and other corporate favorites, including profiteers benefitting greatly from multiple imperial wars on humanity.
At the same time, he stiff-armed budget-strapped states and distressed households. Promising millions of new jobs, he created none. Four years into a Main Street Depression, real unemployment approaches 23%. In ravaged cities like Detroit, it exceeds 50%.
Federal worker wages were frozen and austerity cuts imposed. Examples include Low Income Home Energy Assistance Program (LIHEAP). Families needing help to heat homes in winter won't get it. Neither will students relying on Pell Grants.
Other imposed cuts affect:
- the Children's Health Insurance Program (CHIP);
- community healthcare centers;
- nonprofit health insurance cooperatives;
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