by Mr.Bill » Fri May 24, 2013 11:00 am
In spite of what many would like us to believe, in the 80's Reagan RAISED taxes by cutting out many of the corporate tax loopholes which upped the taxes corporations paid then by hundreds of billions of $'s.. Thanks to money in politics and the corporations lobbyists most of the loopholes are back.. See Apple, GE, and the rest who pay little to no corporate Fed Income tax..
I have no doubt Dodd-Frank will be stripped, gutted and made completely useless over the next few years..
I'm sure many on the right, and some of the left will cheer when the regulations are gutted.. But in 5-7 years when the banks crash the system again, the cheering will stop and the finger pointing will start, again.