America, the $ 900 billion aid plan mess. More resources for the very rich than for the rest of the population

Well packed, well hidden, it has arrived the Christmas present for super rich Americans. How do you write today the New York Times, almost 6 thousand pages of the maxi plan of aid to the economy of 900 billion dollars approved Monday by Congress, would have benefits only for the wealthiest classes, quantifiable at two hundred billion dollars. Just under a quarter of the total and more than what goes to the rest of the population in the form of a bonus of 600 dollars. In particular 120 billion would affect only the richest 1% of the population.

In detail, the mechanism by which the very rich are rewarded is complex but in essence, it is quite simple. The companies you own have had the opportunity to receive in recent months free government loans in exchange for a commitment not to shoot. Tens of thousands of companies have made use of these credit lines, which in total are worth approx. 500 billion. The promise was that these loans would come later. tolerated. Of course, the larger the company, the more resources it has used. The loans were made to all kinds of businesses, including hedge funds or the wealthy. law firms. One of the largest in the country, Boies Schiller Flexner, for example, received $ 10 million. Not happy with companies But he raised the stakes asking not only that this money be tax exempt but also that the expenses incurred tax-deductible. And they got what they wanted. The goal of doubling.

The text of the new aid plan was criticized by both majority and opposition MPs who only had two hours to vote on the 6,000-page text. The dream of any lobby. President Donald Trump himself called the plan a disgrace with insufficient allocations for the population and called for its review. It must be said that during his tenure there were no shortage of gifts to the very rich, he began with the reductionmaximum tax rate for income from 39.5 to 37% and on corporate profits (which end up almost entirely in the pockets of the wealthiest) 35 to 21%.

“The congressmen could not read this bill. This is not politics. It’s hostage-taking, ”the Democrat tweeted after the vote. Alexandria Ocasio-Cortez. There are many good things in the plan, several MEPs noted, but some things “have slipped and got out of hand.” In addition to the gift package for the rich and very rich, the measures to support the population, the unemployed and the health system, the maxi plan also contains a series of strange measures that even the Italian milleproroghe decree, of the extermination plans from the “killer hornet” to measures to subsidize horse racing.

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