Search Results for: BID

Kevin McCarthy’s House Republicans, in their demand that Democrats gut Social Security and education monies to give more trillions in tax breaks to billionaires, are once again trying the Reaganomics hustle. Only this time with a twist. Boomers and many Gen Xers remember how the media swooned for Art Laffer’s napkin in the 1980s, and then President Reagan turned it into a movement to cut taxes on billionaires because, he lied, it would make average working-class people richer. What most don’t remember — because none of us were alive back in the 1920s or 1890s — is that Laffer and Reagan hadn’t...

Why are America’s plutocrats funding efforts to weaken our democracy and replace it with plutocracy and oligarchy? Is it just about money? Or is there something much deeper that most Americans rarely even consider? An extraordinary investigative report from documented.net tells how morbidly rich families, their companies, and their personal foundations are funding efforts to limit or restrict democracy across the United States. In an article co-published with The Guardian, they noted: “The advocacy arm of the Heritage Foundation, the powerful conservative think tank based in Washington, spent more than $5m on lobbying in 2021 as it worked to block federal voting rights legislation...