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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