America’s oligarchy: No money for opioid crisis, endless funds for corporate tax cuts
28 October 2017
On Thursday, US President Donald Trump proclaimed the opioid crisis, which killed some 64,000 people last year, a “public health emergency,” a move that, despite appeals from medical professionals and public health advocates, did not include one cent in additional funding.
More people died last year from drug overdoses than American soldiers were killed during the entire Vietnam War, with a staggering 175 people killed every day. Countless millions more have been affected, from friends and family members of addicts whose lives have been upended, to children born addicted to opioids.
Trump’s response to the opioid epidemic mirrors his administration’s response to every social crisis and disaster, such as the hurricanes that struck Texas, Florida and Puerto Rico. The government has provided no meaningful federal aid to Puerto Rico, still suffering from widespread blackouts, while demanding it step up its payments to its Wall Street creditors.
But when it comes to funneling money to the US oligarchy, the White House and Congress are more than willing to oblige. Just hours before Trump’s announcement on the opioid crisis, the House of Representatives passed a budget bill that clears the way for Trump’s tax cut for corporations and the rich to be fast-tracked through Congress, for possible passage before Thanksgiving.
The plan, which would cost taxpayers some $5.8 trillion over the next ten years, would slash the corporate tax rate from the current 35 percent to 20 percent, eliminate the estate tax for multimillion-dollar inheritances, and slash rates for “repatriating” corporate profits held offshore.
These two measures present the outlook of the financial elite…