It is amazing that conservative deficit hawks are proposing tax reform that adds $1.5 trillion to the country’s deficit. Those same sanctimonious, supposedly fiscally responsible, elected representatives are championing tax cuts that shower money on the wealthy while increasing taxes on middle income earners within a few years. Why would they do such an about face? Because their rich campaign donors have insisted on tax breaks or no more contributions. House Republican Chris Collins from New York said, “My donors are basically saying, ‘Get it done or don’t ever call me again.’ ” So, the rich are dictating tax policy to our legislators, who are folding like cheap suits and giving in to those demands. This is not democracy but government by the economic elite.
According to the Center for American Progress, Sheldon and Miriam Adelson in 2016 made political contributions of $82.5 million and stand to get a tax break of up to $14.6 billion on their estate taxes. It is easy to see why billionaires are leaning on legislators — greed.
Get the money out of politics if we want elected legislators to represent their constituents. Call and let them know you will hold them accountable.
Count Webb, Victor