On the surface, the Administration saw a way to soften economic policy of isolation due to Covid, which devastated entire industries. It was temporary economic support, but the administration did not follow through on oversight. Almost 50% of Covid relief funds were stolen and up to 15% were misused or wasted. Our government almost spent a trillion dollars to keep the nation from falling into economic collapse, but chose not to monitor theft. Now they are trying to cover their asses by prosecuting some cases, which were easy to find. Thus spending additional hundreds of millions to investigate the misuse of government funds with a return of a few billion dollars, that should have never been released, if simple checks with the IRS, banking records and employee verification were done.

   The infusion of all this printed money was anticipated to increasing inflation, so on the back side the Fed was given the task to subdue inflation by contracting the money supply by increasing interest rate. On paper it seem to work, but this is the real world. The 1/2 jobs they projected to save did not exist, since the funds were sent to businesses that were frauds. This was theft of funds. Over a half of trillion dollars were wasted by the administration and you voted for this. The elected government of this nation was given the job, to oversee the spending of your tax revenue and they wasted half. What would you do with that employee? Give him or her more responsibilities or replace them?

   With the cost of capital rising (interest rates), this needs to be offset with an equivalent rise in revenue to maintain the bottom line of rising profits. To sustain an increase in the price of corporate shares on the various stock markets, this means prices go up, layoffs or both. The problem now is fudging of the numbers of government statistics by adding or removal of certain parameters, can not hide the huge decrease in personal disposable income for the Middle Class family. Spending has cut back. As a consequence there was a contraction in needed jobs. This is what is behind the current market losses and we are in summer where economic activity increases. This is what the Wall Street trading firms fear. Adjustments will be made to prop up the market before the convention, as government pension funds buy and the insiders in Congress will also buy short term Call Options on the S&P index to get rich. This is the current plan.

   So how would an increase in the corporate rate affect tax revenue? Again on paper it would seem to work, but again in the real world, it is just a shell game. Increased expenses without an increased source of revenue. So the real cost really affects the Middle Class and you ask how?

   Corporations have account and balance sheets. Politicians have words and policies, that are not well thought through. In order to stay competitive and solvent, corporations will past the cost of the tax increase on to the consumer through price increases and trim the work staff at middle and lower management along with craft workers. All will collude. The consumers and workers pay the price, as government will surely mismanagement the increased revenue as a middleman in redirecting funds to help the average American. This is what you fail to realize.

   Look at the living wage increases, disposable income for many of those workers has decreased or expired. Full time goes to part time, layoffs, business closes. This was the real world result. Politicians push or flip policies to get elected, but you as the voter need to judge the past on achieving these goals. The key to a great administration is management of what is given. Remember mayor Pete could not accomplish the simply task of filling a pot hole in a timely fashion. The ability to cut waste in the current agencies without sacrifices in services is needed. There are so many lazy federal workers who are skating by until retirement and then pad the OT to increase their pensions. Clean up home first, which the current administration will not do, before taking on the corporations. We are at a teetering point and a cut in interest rates will push a temp monthly boost and again increase inflation and money supply, then contract corporate expansion and the GDP. The result after the election will be a designed recession, put in place to claim an election. They do not care about you.