Replies to post #373398 on Simply Politics & News (GOV)

[Mariner*]

Bogle Says Tax Bill Favoring Business Is a ‘Moral Abomination’

https://www.bloomberg.com/news/articles/2017-11-28/bogle-says-tax-bill-favoring-business-is-a-moral-abomination

The tax proposals in Washington are a “moral abomination” because they favor corporations at the expense of workers, Vanguard Group founder John Bogle said.
“Just think about this: Corporate profits after taxes last year were the highest they’ve ever been in the history of GDP going back to 1929,” said Bogle at an event Tuesday sponsored by the Council on Foreign Relations in New York. “And we are thinking of giving relief to the corporations at the highest levels ever. Individual wages are at the lowest level in about 15 years as a percent of GDP,” he said.