Sean Paul Segura is in favor of lowering taxes and increasing refunds for the middle income and lower income taxpayers. It is common sense that millionaires and billionaires can afford to pay more in taxes than lower income Americans.
According to The Institute on Taxation and Economic Policy at least 60 of the nation’s biggest corporations didn’t pay a cent in federal income taxes in 2018 but collectively made $79 billion in profits and received $4.3 billion in rebates.
It is time the ultra rich and big corporations pay their fair share in taxes.
We have tried trickle down economics, where we give big breaks to big companies and the ultra-rich, trusting them to pay better wages and create more jobs but for decades they have failed us. Too many of the big companies use the money to buy their own stocks and line their own pockets instead of to pay better wages and boost the economy.
It is now time for trickle up economics.
When we leave more money in the hands of regular Americans they use it to pay off bills and purchase items they need. They go out to eat and to the movies. This boosts the economy and everyone is better off, even the big businesses because they make more sales.