Corporations engorge on profits while stiffing the commons

Lots of news about US budget deal with the two year, two plus trillion dollar deficit facing Americans for fiscal '20 and '21. Tax cuts for the rich and the corporations are fueling the deficit as well as an avalanche of goodies for the military and a few scraps for the folks in need. The well being of everything that really improves the quality of life: environment, education, health, infrastructure, revitalizing America's urban wastelands remains neglected. What struck me is how little corporations pay of the $3.645 trillion in revenue that leaves the gaping trillion dollar hole each of the next two years. How paltry? We taxpayers pay 50% of that revenue; corporations just 7%. The rest comes from Social Security and Medicare, excise, estate, tariff and interest revenue.

Welcome to the new Gilded Age.