Quantcast
Connect with us

Katy Tur smacks down GOPer who says corporate tax cuts are for the middle class because ‘people own stocks’

Published

on

Conservative Congressman Robert Pettinger (R-NC) claimed on MSNBC that the tax benefit would be good because Americans own corporate stock and that it would have been socialism if taxes were not cut for the wealthy.

“Why are the majority of the benefits going to the wealthy? Why aren’t majority going to middle class?” MSNBC anchor Katy Tur asked.

“That’s a narrative that some on the left…” Pettinger began, before Tur interrupted.

“Tax Policy Research, it’s a nonpartisan tax analysis, it’s not my analysis,” Tur noted.

“A lot of nonpartisan groups out there tend to pontificate off a left narrative,” Pettinger argued.

ADVERTISEMENT

“But hold on,” Tur interjected. “These are the groups that are generally the ones you rely on when you map out a bill and say how much is this bill going to cost? What are the effects going to be?”

“These are the folks that you rely on in order to score that bill and judge that bill and decide on whether or not that bill is going to be effective in the way that you want it to be effective,” Tur reminded. “All of the arguments out there — even the most beneficial arguments to the bill — say that the majority of the tax cuts, and this is really something you can’t argue with, are going to the wealthy and that they going to corporations.”

Then Pettinger claimed that all Americans own corporate stock.

ADVERTISEMENT

“Are you saying that the majority of American people own stock in corporation?” Tur asked.

“The American people are shareholders, they own stock,” Pettinger argued.

“Why not do job creation by giving the money to the middle class and to lower class so they can reinvest in themselves?” Tur asked again.

ADVERTISEMENT

“I understand your narrative and frankly that is the concept of socialism,” Pettinger claimed.

“Tax cuts they are not socialism,” Tur noted.

Watch:

ADVERTISEMENT


Report typos and corrections to [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

Breaking Banner

Trump’s China tariffs won’t even pay for the bailout to farmers hurt by his trade war

Published

on

The revenues raised by President Trump’s tariffs on China are not even enough to cover the cost of bailing out farmers hit hardest by his trade war.

“We’ve taken in tens of billions of dollars in tariffs from China,” Trump told reporters Monday. He previously vowed that he would raise so much money from the tariffs that it would eliminate the entire national debt. But the New York Times reports that Customs and Border Protection data shows that the tariffs have raised about $20.8 billion in revenue. That is far less than the $28 billion in bailout funds that Trump vowed to give farmers after China imposed steep retaliatory tariffs targeting the agriculture industry. So far the administration has not offered any bailouts to other industries that have suffered sharp revenue losses in the ongoing trade war.

Continue Reading

Breaking Banner

Black man and realtor handcuffed for ‘forced entry’ into property’s open house: lawyers

Published

on

On Tuesday, the Daily Mail reported that Anthony Edwards has filed a federal lawsuit against the city of Cincinnati and three police officers after he and his real estate agent, Jerry Isham, were handcuffed and detained at gunpoint last year while touring an open house.

The police were summoned by Thomas Branigan, a retired police officer living next door, who called 911 to report them as home invaders and said they had "forced entry" into the house. He later admitted he did not have a view of the door at the time.

Continue Reading
 

Breaking Banner

Rob Reiner has the perfect plan for the GOP and Trump’s ‘N-word tapes’ from ‘The Apprentice’

Published

on

For years, there have been rumors about the existence of unbroadcast tapes from NBC's "The Apprentice" that are said to document Donald Trump using the N-word.

Actor Tom Arnold has been pushing the idea.

While conventional wisdom may once of held that such a release would be a political catastrophe for a president, the release could actually help Trump in his 2020 re-election campaign, director Rob Reiner argued on Tuesday.

"I’ve heard there are tapes of Trump using the N-word during his time on The Apprentice. Based on the GOP’s support of his racism, they should ask producer Mark Burnett to release the tapes to boost the support of his base," Reiner tweeted.

Continue Reading
 
 
 

Copyright © 2019 Raw Story Media, Inc. PO Box 21050, Washington, D.C. 20009 | Masthead | Privacy Policy | For corrections or concerns, please email [email protected]

close-image