From
now until the next big election cycle, it will be a stand-off
between the People and the Corporations. Coming out of the
mid-term elections, the corporate class has clearly won
this battle (but not the war) and has handily seized the
momentum that could determine the outcomes in 2012. Many
voters are standing like the proverbial deer in front of
the super-sized headlights of the corporate truck full of
goodies to gain more power like money, tax cuts, elected
officials, banks, the courts, etc. Most of us don’t have
the luxury of waiting for anyone to save us. That’s whether
it is Superman, President Obama or God.
So the question is:
Are you tired of being hustled by the Democrats and rolled
over by the Republicans?
Since we now understand
that getting “shellacked” means to get your butt kicked,
working people in this country are about to get shellacked
to the tenth power. Coming at us is the expiration of the
Bush tax cuts at the end of the year if our Congress does
nothing. That’s not going over too well with the folks who’ve
been getting a free or nearly free ride for a long time.
The first test of the
People’s collective strength is about to manifest itself
in the show-down around the tax cuts.
President Barack Obama
wants to permanently extend tax cuts for the first $250,000
couples earn and the first $200,000 singles, but he would
let the tax cuts higher earnings expire. Obama’s proposal
would increase the national debt by $2 trillion through
2020, according to the nonpartisan Congressional Budget
Office. Extending all the Bush tax cuts would add $2.7 trillion.
And if all the tax cuts were permanently extended, the debt
would balloon by $4.9 trillion, according to CBO. So much
for trying to cut the deficit!
For most of us, we’re
just catching up to the fact that those tax cuts were put
in place way back in 2001 and 2003 to mostly benefit the
wealthy. On top of endless tax loopholes and other legal
(but unethical) holes, corporations continue to enjoy big
profits with no accountability as responsible citizens.
In fact, the Government Accountability Office reported in
2008 that two thirds of US corporations paid no income tax
between 1998-2005. During
that same period, nearly 70% of foreign companies doing
business in the US also got the big
hook up and didn’t pay federal income taxes. This, despite
record profits by most of them.
More than
15 million people in the U.S.
are unemployed and searching for work, with eight million
more who are just getting by with a part-time job, according
to the U.S. Bureau of Labor Statistics. Over two million
more people were working prior to the recession but have
now dropped out of the labor force. About 40 million citizens
are considered chronically poor and for the first time,
the U.S. Department of Agriculture is concerned about escalating
hunger statistics in the belly of the richest country on
earth.
Here’s why we can’t
expect the Congress to advocate for us regarding the tax
cuts. Over half of the Congress members are millionaires
- 261 out of 531. The Center for Responsive Politics further
reports that 55 of the lawmakers have an average wealth
of $10 million. The median wealth in the House is about
$765k while the Senators boast an average wealth of $12.4
million. These folks will be looking out for their own interests
when the time comes to deal with the Bush tax cuts.
And I’m talking about
both Democrats and Republicans. These so-called public servants
are the biggest investors in the corporations who are whining
about losing money, should those tax cuts expire. Two of
the corporations who see heavy investments by lawmakers
are General Electric and Bank of America. Bank
of America is the largest lender in the country and was
squarely behind goo-gobs of home foreclosures. General Electric
is one of the corporations who paid no income tax last year,
making it look like they lost profits in the US,
while at the same time earning $10 billion globally.
It is imperative that
we who have corporate footprints on our backside interject
ourselves into the big debate over the next few weeks. Call
or write your Congressperson to tell them to support President
Obama’s original proposal: letting the tax cuts expire
for the wealthy. That proposal is bound to get watered down
after all the lobbyists get through schmoozing with our
elected officials. We should also call, fax or write President
Obama to help support his sometimes wobbly back-bone.
The working poor and
the middle class must stand in uncompromising unity on this
issue. Corporations already have unprecedented leeway to
make obscene profits and they want more - at our expense.
They must be stopped and that means snatching our Congresspeople
from their clutches and reminding them about their constituents
back home, struggling to keep a roof over our heads and
food on the table. It means organizing communities to stand
up and move forward around a strategic plan for political
and economic empowerment. Let’s end the year with a victory
for the people, not the corporations.
BlackCommentator.com
Editorial Board
member, Jamala Rogers, is the leader of the Organization for Black Struggle in St. Louis and the Black Radical Congress
National Organizer. Click
here to contact Ms. Rogers.
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