Both GOP Presidential nominee Donald Trump and incumbent GOP US Senator Ron Johnson are running for office as anti-Washington outsiders, but records and reporting show both have been helped by the US tax code methodically crafted by Congress and lobbyists to benefit wealthy one-percenters like Trump, Johnson and others.
Trump has also used bankruptcy law, eminent domain to seize others' property and received public financing to build buildings - - additional, profitable benefits which the everyday citizen will never ever access - - and, as The New York Times explains today, even stretched already favorable tax privileges to pocket many, many millions of dollars:
And while Johnson repeatedly hits federal spending and Big Government when convenient, let's not forget his business was happy to have local government but that business a rail spur with federal dollars.
And, like Trump, Johnson has taken advantage of tax laws which are far beyond the reach of everyday taxpayers whom Johnson and Trump purport to represent.
The Journal Sentinel has an exceptionally-insightful explanation of a tax code opening which works to Johnson's advantage - - and which Johnson denies is a dodge.
The craziest part of all this GOP tax-code stretching and election year double-speaking is that in Wisconsin - - and it's part of the GOP playbook nationally - - Republicans are while pocketing big bucks at tax time also intentionally depressing working people's incomes.
They are doing that by stifling minimum wage increases, destroying public sector collective bargaining, adopting so-called 'right to work' laws which are designed to cut private-sector wages and, in Wisconsin also through fine-tuned, pay-cutting legislation, just wiped out long-standing family-supporting 'prevailing wage' rate agreements on public sector building projects.
This is how insiders use their legislative power to keep donors and business allies happy and wealthy, so you tell me how the Trumps and Johnsons on the GOP ballot next week can claim outsider status?
Trump has also used bankruptcy law, eminent domain to seize others' property and received public financing to build buildings - - additional, profitable benefits which the everyday citizen will never ever access - - and, as The New York Times explains today, even stretched already favorable tax privileges to pocket many, many millions of dollars:
But newly obtained documents show that in the early 1990s, as he scrambled to stave off financial ruin, Mr. Trump avoided reporting hundreds of millions of dollars in taxable income by using a tax avoidance maneuver so legally dubious his own lawyers advised him that the Internal Revenue Service would most likely declare it improper if he were audited.Then there is Ron Johnson, the millionaire Oshkosh businessman and GOP incumbent Wisconsin Senator who is running as the outsider while lambasting his opponent, former Democratic Wisconsin Senator and private citizen Russ Feingold, as the oh-so-evil insider.
And while Johnson repeatedly hits federal spending and Big Government when convenient, let's not forget his business was happy to have local government but that business a rail spur with federal dollars.
And, like Trump, Johnson has taken advantage of tax laws which are far beyond the reach of everyday taxpayers whom Johnson and Trump purport to represent.
The Journal Sentinel has an exceptionally-insightful explanation of a tax code opening which works to Johnson's advantage - - and which Johnson denies is a dodge.
Records show Johnson owns 9.9% of DP Lenticular, a Dublin-based firm that says it distributes specialized plastic sheets made by Pacur Inc., the firm Johnson headed for years before he took office in 2011. He still has a small ownership interest in Pacur.
Johnson's Democratic opponent, former U.S. Sen. Russ Feingold, alleges that DP Lenticular is a shell company that appears to be a way for Pacur and Johnson to legally dodge paying some U.S. taxes. Feingold's team has emphasized that DP Lenticular has a single employee, who is a Belgium citizen, and is controlled by a Spanish holding company that pays no taxes.
By owning less than 10% of the Irish company, Johnson does not have to report his stake in the international company to the Internal Revenue Service, but he has disclosed the holding in his annual Senate ethics statements.And while you are deciding if it's a tax dodge or just another sweet deal which fell into the law from heaven, also consider this:
The craziest part of all this GOP tax-code stretching and election year double-speaking is that in Wisconsin - - and it's part of the GOP playbook nationally - - Republicans are while pocketing big bucks at tax time also intentionally depressing working people's incomes.
They are doing that by stifling minimum wage increases, destroying public sector collective bargaining, adopting so-called 'right to work' laws which are designed to cut private-sector wages and, in Wisconsin also through fine-tuned, pay-cutting legislation, just wiped out long-standing family-supporting 'prevailing wage' rate agreements on public sector building projects.
This is how insiders use their legislative power to keep donors and business allies happy and wealthy, so you tell me how the Trumps and Johnsons on the GOP ballot next week can claim outsider status?