The most impressive invention of the United States was and is the middle class. And yet, far too many of us know that we’re working longer hours for less pay. The cost of everyday necessities, from food to gas, to daycare, outpace any salary gains we make.
Did you know?
In 2023, Minnesota experienced the highest teacher turnover rate since the Great Depression.
Teachers strike because they are underpaid. Nurses strike because they are overworked. Doctors, yes, even doctors, are dropping out of healthcare at an alarming rate. Part of this has to do with the unrelenting drive of corporations to squeeze every penny out of their workers. And part of it has to do with an upside-down tax system that allows the most fortunate among us to hide their wealth.
It’s a common myth among some of our leaders that we don't have enough money to pay for programs. Healthcare for all? No money. Universal Pre-K? No money. But this is just a story they tell themselves. In fact, we don’t have a revenue problem, we have a revenue collection problem.
The Trump tax cuts reduced the corporate tax rate from 35% to 21%, making it the lowest rate since 1939. And while corporations pay less taxes, the IRS estimates that tax evasion may total $1 trillion dollars a year. We don’t need to raise taxes. We need to eliminate wasteful spending on policies and programs that do not work. We need to collect the taxes that are owed so we can fund programs that work.