Send a Tweet
Most Popular Choices
Share on Facebook 33 Share on Twitter 1 Printer Friendly Page More Sharing
Exclusive to OpEdNews:
OpEdNews Op Eds    H2'ed 4/20/19

How Do We Pay For Tax Cuts For The Rich? Cutting Education, Of Course

By       (Page 1 of 3 pages)     (# of views)   3 comments
Author 512627
Follow Me on Twitter     Message Ted Millar
Become a Fan

Betsy DeVos
Betsy DeVos
(Image by Flickr)
  Details   DMCA
- Advertisement -

Whenever Democrats propose policies to make college more affordable or to provide healthcare to all as a human right, there's always (always!) someone asking, "How do we pay for it?"

The mainstream (so-called "liberal") media is one of the worst offenders.

But when Donald Trump's Republican party proposed permanently cutting $1.5 trillion in taxes for their wealthy donors, no one--least of all the corporate media--asked how we were going to pay for it.

- Advertisement -

Of course we know how.

We pay for it the same way we have always paid for tax breaks to the rich: by cutting social safety nets and public programs that benefit lower- and middle-income Americans.

One of the most consistently starved areas is public education.

- Advertisement -

Today is no different.

Weeks ago Education Secretary Betsy DeVos proposed $6.7 billion in spending cuts for the 2020 fiscal year, and earlier this month she testified before Congress about "tough choices" she had to make influencing that decision.

A recent analysis from the Center for American Progress Action Fund (CAPAF) indicates DeVos herself made enough from the "Tax Cuts and Jobs Act" to personally defray the programs she decided to eliminate.

According to 2018 personal financial disclosures, DeVos made between $46.8 million and $109 million, a $10 million savings under the new tax law.

Seth Hanlon, senior fellow at the Center for American Progress focusing on federal tax and budget policy, said:

"[DeVos was] illustrative of the windfall that extremely wealthy business owners were handed in 2017."

- Advertisement -

Tax changes in the 2017 law reduced the top rate for "S-corporation" holdings from 39.6% to 29.6%.

As an "S-corporation," the DeVos family business, Amway, is eligible for this deduction.

Hanlon said:

Next Page  1  |  2  |  3

 

- Advertisement -

Must Read 2   Well Said 2   Valuable 2  
Rate It | View Ratings

Ted Millar Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Ted Millar is poet and teacher. His poetry has been in featured in myriad literary journals, including Caesura, Circle Show, Cactus Heart, Third Wednesday, and The Voices Project. He is also a contributor to Liberal America and Liberal Nation (more...)
 

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Follow Me on Twitter     Writers Guidelines
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
Name
Email
   (Opens new browser window)
 

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

FBI Apprehends Another Trump Supporter Plotting A Massacre

Republicans' Stance On HR 1 Confirms They Prefer A Rigged System

The GOP Might Use The Shutdown To Justify 'Starving the Beast'

Whistleblowers: The Trump Admin Behind Saudi Nuclear Plants

Trump Just Left the Kurds to Die. The Question is: For What?

Mother Nature Is Mad As Hell And Not Going To Take Much More