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ck4829

(35,900 posts)
Fri Oct 21, 2022, 09:03 AM Oct 2022

So-Called GOP 'Solutions' to Inflation Are Just Another Giveaway to the Rich and Corporations

So, what would Republicans do about it (inflation)?

Every single Republican voted against the Child Tax Credit and other social programs that help families cope with rising prices. They also voted against the Inflation Reduction Act, which will lower health care and prescription costs for millions of Americans. And they opposed a bill that would have taxed oil companies that gouge consumers at the pump and returned the proceeds to taxpayers.

Instead, reports now say Republicans will pursue their usual plan: tax cuts for billionaires and corporations. Sorry, but how's that going to help?

America's billionaires have seen their wealth increase by $1.7 trillion since the pandemic started. If it's "inflationary" when single moms like Maureen Bowling get help with their groceries and heating bills, isn't it more inflationary when the absurdly rich get even more? And if you reward price gouging with tax cuts, won't that just encourage more gouging?

https://www.commondreams.org/views/2022/10/20/so-called-gop-solutions-inflation-are-just-another-giveaway-rich-and-corporations

Once again: If it's "inflationary" when single moms like Maureen Bowling get help with their groceries and heating bills, isn't it more inflationary when the absurdly rich get even more?

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