Tax the rich

The howls from conservatives in Congress over a provision in the Inflation Reduction Act that now requires corporations making $1 billion or more in profits to pay a minimum 15% in corporate income taxes are both predictable and tiresome. The primary objective of these representatives and senators is to manipulate legislation to ensure the corporations that finance their campaigns and pull their puppet strings pay as little tax as possible. In fact, many corporate giants pay no corporate income taxes at all, despite astronomical earnings.

It is time to revive the rallying cry that helped unite the original 13 colonies in their rebellion against British rule back in 1776, but with an ironic twist: No REPRESENTATION without TAXATION! 

Just as the colonies had no voice in decisions made in England despite the taxes they paid to the crown, so have we as taxpayers lost our voices in a Congress that operates for the benefit of CEOs and large shareholders.

The benefits large American corporations derive from federal spending priorities, pro-business legislation, foreign policy decisions and tariffs, and research funded by federal agencies and federal programs are enormous, and play vital roles in generating profits for big business. It’s time to deny access to these benefits to corporations who use their disproportionate clout in congress to avoid paying their fair share of taxes. Start with the ones screaming like stuck pigs against this legislation. Chances are, they’re the biggest hogs at the trough.

– Gregory Moore, Grandview