by Hal J. Ridley, Jr. (lightly edited)
The Trump Republican corporate tax cut was 40%, from a 35% tax rate to 21%. Orange County, Texas has (a guess) 10 billion dollars or more in industrial property and an unknown amount of product; plastic pellets exported to China from these petrochemical plants, two paper mills, two port facilities, a power plant, etc. Orange County does not have a hospital.
With corporate tax cuts, Orange County can’t afford luxuries like hospitals. The county tried to raise new taxes on the backs of the citizens for a hospital district; that failed. China built a new hospital in a few weeks for their coronavirus patients and opened 14 or so emergency hospitals. The one hospital building in Orange County, abandoned with no plan or hope of opening, ever.
What do we do now? What else?--cut our payroll taxes. That’s tax for Social Security and Medicare. Gotta cut back on luxuries.
Blogging Sporadically since 2014
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