Saturday, May 27, 2017

Bernie Sanders Slams Budget Director, Mick Mulvaney





Did You Know?

  • The United States, today, has more income and wealth inequality than any major country on Earth.
  • This Trump budget includes a massive transfer of wealth from working families, the elderly, children, the sick, the poor--the most vulnerable members of society--to the Top 1%.
  • Today, 52% of all income is going to the Top 1%.
  • The Top 1/10 owns just as much wealth as the bottom 90% all together.
  • This budget put forth by Mick Mulvaney (US Budget Director) gives $52,000,000,000 ( $52B) in tax breaks to the wealthiest family who are already worth $128B--The Walton Family.
    • Free college for the entire nation = $60B; Trump gave $52B to one family.
    • Families include--to name a few--:
      • The Walton family (Wal-Mart dynasty)
      • The Koch family (Koch Industries)
      • The Mars family (Mars Candy)
      • The Torrance family (Campbell Soup)
  • 3 trillion in tax breaks to top 1% by eliminating the Block Grant --which will:
    • Throw 17 million children off of health insurance
    • Stops Meals on Wheels program. 
    • The WIC (Women, Infant, Children) program for new & struggling mothers.
  • USA would also move to a "territorial tax" system which does not tax US foreign earnings. Companies' earnings that are abroad would only face a onetime tax.
  • With the repeal of the Estate Tax, deceased billionaires have more power from the grave than living low-income families. 

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