Why Don’t Republicans Want You To Know Where Their Money Is Coming From?
Oct 14
Zarberg - See all 39 of my articlesI don’t hide the fact that I find the Republican party disgusting for giving massive gifts to corporate America, but I find the Democratic party at least as culpable for having no spine and allowing it to happen. With the Citizen’s United ruling on January 21st of this year, the floodgates opened completely in terms of buying elections. At this point in time political ads can now be paid for by any corporation and the ad itself does not have to disclose where that money came from. That doesn’t seem so bad, does it? Picture this: Imagine a television ad that shows police brutalizing people, or overbearing and threatening border guards harassing people. The ad says to vote for candidate X who will reign in police and border guard power, and slash spending on those things. Now picture that same ad paid for by North Korean or Chinese corporations, or even holding companies with terrorist sponsors. How about ads secretly paid for by the Westboro Baptist Church that wants guarantees of free speech rights at funerals regardless of state or local laws? (my simple solution for Fred Phelps is to have local laws that allow privacy in an certain radius for military funerals, as if the funeral were private property for that specific event only).
Those are just extreme examples, don’t worry, I’m not advocating those things.
The Republican butt-kissing of corporate power is so ingrained at this point that they actually have voted down The DISCLOSE Act, which would require the source of any money spent on all on political ads to be known and public. That’s corporate dollars, union dollars, and private dollars – DISCLOSE doesn’t discriminate. Seems like a no-brainer, right? I wonder what republicans have to hide – shady corporate money, maybe?
Ahh yes, those Republicans. The champions of small business. Small business like Bechtel and Koch Industries.
… wait, what?
That’s right, thanks to government business classifications, those companies and many more are called “S Corporations“. This means that they may have revenues well into the billions, but because that money is passed directly on to owners who then pay taxes, they are considered small business. What is a big business, then? One that takes in profits that are taxed and then passes those profits on to shareholders. John Boehner recently claimed that under the current Democrat tax proposal “about half of all small business income will be taxed [at a higher rate]. ” Well, if you take the actual number of businesses only 3% of REAL small business will be taxed at a higher rate. Boehner can only claim that 50% of small business income would be taxed at a higher rate when he includes multibillion dollar companies like Bechtel and Koch. These companies fit Boehner’s definition of a small business – being non-shareholder (private) companies – but have very little in common with the small business that used to line main street in your home town.
In other words, he’s holding up continuing tax breaks for Mom-and-Pop businesses because he wants to pass off Bechtel and Koch as small business without the average person knowing about it. This is the same John Boehner who blamed the current financial crisis on “3 things – Fannie Mae, Freddy Mac, and subprime lending” without saying that it was de-regulation and laws pushed through by Republican majority congresses that allowed those things to happen. They call it freedom for business, I call it corporate power screwing people over because government allowed it.
What are the Democrats doing about it? Well, once again they’re looking for their spine. At least they have their heart in the right place; the current administration wants the George W. Bush tax cuts to be extended only for the first $200,000 of a person’s income, or $250,000 for families. While Republicans claim those tax breaks would affect us all because they keep pushing the trickle-down economy lie, the real numbers tell a different story: fewer than 750,000 people, less than .25% would be affected by the top tax rate under the Democrat proposal. Trickle-down does not work. It is simply an expression created to hide the fact that big business is allowed to feed on the average Joe and legal loopholes and laws are created every year to favor corporations and the rich. Data simply does not support any claim that trickle-down does work.
With massive evidence that the disparity between income classes only continues to grow bigger, the Republican Party of No is just pushing for more laws to make the rich richer at everyone else’s expense. Hooray for the Corporate States of America – would you trust BP, Dow Chemical, or Toyota with unchecked power?