Last week, Vermont Senator Bernie Sanders renewed his call for “shared sacrifice” in addressing the budget deficit.
In remarks made after it was reported that some of this nation’s largest and most profitable corporations paid no U.S. taxes despite posting huge profits, Sanders said it is grossly unfair for congressional Republicans to propose major cuts to Head Start, Pell Grants, the Social Security Administration, nutrition grants for pregnant low-income women and the Environmental Protection Agency while ignoring the reality that some of the most profitable corporations pay nothing or almost nothing in federal income taxes.
Sanders has previously advocating tax reform to close corporate tax loopholes and eliminate cushy tax breaks for oil and gas companies. He has also introduced legislation to impose a 5.4 percent surtax on millionaires that is calculated to yield nearly $50 billion a year. The senator has said that spending cuts must be paired with new revenue so the federal budget is not balanced solely on the backs of working families. “We have a deficit problem,” he said, “and it has to be addressed. But it cannot be addressed on the backs of the sick, the elderly, the poor, young people, the most vulnerable in this country. The wealthiest people and largest corporations in this country have got to contribute. We’ve got to talk about shared sacrifice.”
So many people insist that this is a “Christian nation.” Wouldn’t a truly Christian nation follow Sander’s advice?
Amen Sister…Amen
It is interesting the GE did not pay any taxes this year and yet their profit was 14 Mil.
Actually, I believe the profit was 14 BILLION.