From NBC News – Aug 26, 2022
In a series of tweets, the White House highlighted several congressional Republicans — Reps. Vern Buchanan of Florida, Marjorie Taylor Greene of Georgia, Mike Kelly of Pennsylvania, and Markwayne Mullin and Kevin Hern of Oklahoma — who it said had six- and seven-figure PPP loans forgiven as part of a federal program intended to help those harmed by the coronavirus.
BF: Change the subject to avoid telling you that not only will the middle class be on the hook for these billions but it will also drastically increase inflation. apples and oranges. Pandemic relief vs the Debt forgiveness scandal is allowing universities off the hook for this massive debt that they caused.
Lefty: The next thing my crazy uncle Joe will do is cancel medical debt letting hospitals off the hook for all the disease they caused. Society is on the hook for these horrible relief measures. My crazy uncle Joe has seen fit to include corporations pretending to be people in the broader definition of society. Billion-dollar entities will now be asked to pay a minimum tax of 15%. In 2021 ATT got a $1.2 billion refund on $28 billion in profits. If you try you can find a list of 20-billion-dollar profit corporations that paid less than 10% in taxes. Corporations as a whole paid $370 billion on $2.8 trillion in profits in 2021. Trump lowered corporate rates to 21% in 2019. I know what percentage corporations paid in 2021. Do you?
BF: Corporations don’t actually pay taxes if they pass the tax on to you in higher prices, or they cut jobs or if they move their HQ to a tax friendly state or country…but Universities – they can be made to pay but it’s a giant political slush fund for ….the uniparty – so they pass that tax on to you and me…
Lefty: Corporations do pay taxes and they will be paying more in the future. You tell me corporations pass their tax payments along to their customers so it really doesn’t count. Nonsense. The money declared as profit comes from taking labor from employees. When Republicans graciously provide relief from taxes how much trickles down to those employees? The only thing correct about GOP views on taxes is the redistribution of wealth. Think of it as the government returning a share of all that work back to all Americans in maintenance of the commons and an investment in the future. There is much to be critical of regarding higher education, but your views on taxing them escape me as does your uniparty idea. You make it seem like once the money goes to the treasury it ceases to exist. When money is given to corporations pretending to people and people pretending to be corporations it certainly does less to benefit society than taxes spent wisely. The real trick is deciding what constitutes wise spending. The GOP is full of bad ideas in that regard. I remember Reagan turning ketchup into a vegetable to justify not feeding poor children. More recently Joe Manchin refused to support child tax credits claiming his constituents would simply buy more recreational drugs.
BF: you folks that work for the Govt – or one of their slush funds do not understand eco 101…the only way to actually make the tax system “equitable” which for the left is sticking it to the “man” is by having a VAT or Flat tax so everyone has skin in the game at the same rate. But your Govt won’t allow that because their slush funds and power would go away. You folks are too busy with Dems good, GOP bad or vice versa – there is no longer a two-party system- we have one party some call the Uniparty. You will find large Corporations, Big Tech, Media, Marxists, Dems and Rinos members and they keep you busy at each other’s throat while they become more powerful and rich while the middle class is destroyed. Eye on the ball. The students are getting watered down degrees of little or no value while racking up in some cases hundreds of thousands in debt. The Universities are the ones with the fat endowments and should be on hook for the outrageous fees they charge. Instead, the Uniparty is passing this debt on to the middle class – most of whom – about 65% of the population do not have bachelor’s degrees or higher. (That means the 35% of the population with the most valuable degrees and hence largest lifetime wage earners are the ones in addition to the University that are benefiting the most by this boondoggle). Not fair. If you want fairness, you’ll want the Universities to pony up and offer a better product. But instead, you play right into their hands and get mad at “corporations” and the big ones have loopholes and the small ones and middle-class foot the bills.