So it’s Monday evening and a sponsored post appears in my feed looking like this…
There are a fair amount of self respecting Republican with dignity and integrity that are intelligently keeping their distance from Donal Trump. Clay Cope is NOT one of them. If you live in Connecticut’s 5th Congressional District whatever you do
Do NOT Support Or Vote For Clay Cope For Congress
Let’s break down what Clay Cope is quoting from Larry Kudlow’s Op-Ed regarding Trumps economic policy ideas….
“Trump … wants to lower taxes across-the-board for individuals and large and small businesses, (and) significantly reduce burdensome regulations … Trump’s corporate tax reform would restore America’s position as the most hospitable investment climate in the world. For a change, businesses and their cash would come back home.
Trumps tax plan (at least the latest version of it, he keeps on changing it around) is a tremendous tax break for Trump and people like Trump and seeks to perpetuate the mythology of “Trickle Down Economics“. There is an assumption with lower taxes these very rich wealthy people who already are incredibly well off compared to the rest of the working middle and lower class segments of our population will then finally invest their money in businesses crating jobs to sell products and services to a middle and lower class who don’t have enough disposal income to spend on those products and services.
These people at the top, in the infamous and notorious 1%, do not need any more money, any more capital to invest. What will get them to invest are markets with sufficient consumers seeking to spend their money on products and services.
We already provide these people at the top with $70 billion a year subsidizing Wall Street banks, $38 billion in subsidies to oil companies, and allow these giant companies to stash $2.1 trillion of their profits overseas where they can then avoid paying taxes on that cash, and $153 billion in social programs and support for low or minimum wage workers so owners of companies like Walmart can reap the profits. The six Walton family members on the Forbes list of wealthiest Americans have a net worth of $144.7 billion which is more wealth than 42% of American families combined. The economy works from the bottom up, and not from the top down and there are 64 million Amercicans making less than $15 per hour. All of these 1 Percenters at the top don’t need any more tax breaks! The people need a break.
Donald Trump has also rather flippantly proposed spending twice as much on infrastructure as Hillary Clinton has proposing to pay for it with government issued infrastructure bonds. The government after essentially borrowing all that money would eventually have to pay it back to bond-holders with accumulated interest and with all those tremendous tax cuts one has to wonder where that money to pay back the bonds comes from. Well Trump has said the tax cuts will stimulate the economy so much that while tax rates are being cut tax revenues will increase (despite the fact that this myth has never worked in history before [link]).
The scary dangerous and disastrous part of this scenario is that when asked what he would do if the revenues don’t live up to his predictions Trump has said he would then just renegotiate the debt.
Arron Ross Sorokin: Do you believe that we in terms of the United States need to pay 100 cents on the dollar? Or do you think there’s actually ways that we could renegotiate that debt?
Donal Trump: I think, look. I’ve borrowed knowing that you can pay back with discounts. And I’ve done very well with debt. Now of course I was swashbuckling, and it did well for me, and it was good for me and all of that. And you know debt was always sort of interesting to me. Now we’re in a different situation with a country, but I would borrow knowing that if the economy crashed you could make a deal. And if the economy was good it was good so therefore you can’t lose. It’s like you make a deal before you go into a poker game. And your odds are much better.
This is a disastrously harmful economic idea to even broach for our country and would destroy the good faith and credit of the U.S. in the eyes of the rest of the world. But Trump also insists that he never said the U.S. should default or attempt to renegotiate with creditors.
Clay Cope in Congress will not only continue this corporate welfare he will support Trump’s plan to let these huge corporations pay less in taxes and their owners. Doing so will increase the national debt dramatically with his unrealistic infrastructure financing and his unrealistic financing plan for his wall too.
Do NOT Support Or Vote For Clay Cope For Congress.
We need representatives that represent the interests of the other 99% of the people. We need representatives that represent the interests of the common man and woman.
Instead of a system that rewards or allows big companies and the 1% owners to spirit their cash offshore to escape taxation we need a system that rewards or encourages these big companies and owners for acts and systems that are social responsible and respect middle management and labor.
“… Trump intends to reward success, while Clinton will punish it. She wants the government to run the economy. He believes in the growth engine of free enterprise.
Trump intends to reward his friends and cronies. There is nothing in his plan beyond a trickle down hope for small businesses and the common man and woman. While it a popular meme for Larry Kudlow to repeat over and over Hillary Clinton does not want the government running the economy and repeating it ad nauseous isn’t going to make it any truer. The “the growth engine of free enterprise” that Larry Kudlow, Donald Trump and Clay Cope refer to too is an engine that only exists for and benefit those at the top.
“Trump understands that you can’t have good-paying jobs unless you have strong, healthy businesses. But if investors and businesses are harassed by overregulation and uncompetitive taxes, firms will stagnate or fail and jobs and wages will shrink.”
On his FaceBook page on attending the Trump rally at Sacred Heart University in Fairfield Clay Cope wrote: “If you want to change Washington, you need to change the people you send to Washington!” and while that would be true if you sent people with different new ideas and Trump and Clay Cope are more of the same and they’re doubling down on the failed idea of “Trickle Down Economics.”