Home Budget, Economy Video: Tax breaks are simply another form of government spending

Video: Tax breaks are simply another form of government spending

310
0
SHARE



Thanks to AFSCME for explaining something that a lot of people in politics and the media don’t seem to understand: “why the spending vs. taxes debate is largely meaningless and how the real runaway spending is not in programs like Medicare, Medicaid, and Social Security – but in a tax code that disproportionately benefits corporations and the super rich.” Is this really hard to understand? Only if you have some sort of interest in NOT understanding it. As the video points out, “Imagine what we could do with the $583 billion that we spend every decade on tax breaks for U.S. corporations that keep their profits overseas.” Of course, we could do a great deal with that money to help make our country stronger, but then the super-rich and big corporations might lose some of their precious tax breaks. And they wouldn’t possibly stand for that, now would they?