Letter to the editor: Corporations, wealthy should pay fair share

The Associated Press article “The Tax Man Cometh” (June 13) highlights our growing income inequality. The fact that the richest 25 people in the U.S. have paid very little income tax illustrates our failed tax system.

ProPublica also mentioned the fact that 55 of the largest corporations in the U.S. paid no federal corporate income taxes last year but spent nearly $450 million on lobbying. These companies even received $3.5 billion in rebates from the Department of the Treasury.

The 2017 Tax Cuts and Jobs Act did not create many jobs, but it did create a windfall for the wealthy few. We must demand an end to the act. Additionally, the government should tax capital gains at the same rate as earned income, tax inherited capital gains and institute a 2% wealth tax and a minimum corporate tax to help equalize our tax system.

These are all ideas supported by the Democrats and the Biden administration, but the GOP is adamant in its opposition to raising taxes on corporations and the wealthy few. Do not let the GOP perpetuate a tax system where the wealthy few do not pay their fair share. Corporations and the wealthy few use government services just like me and you and should also pay their fair share of taxes.

Sandy Kremer

Youngwood