Posted at Hartmann Report on Feb. 2, 2024
James Madison Warned us the Morbidly Rich Are the Greatest Threat to our Republic
Madison wasn’t talking about an abstraction or some highfalutin concept. He was talking about how some rich people will inevitably try to seize political power to screw everybody else.
Republicans don’t even try to hide it anymore.
Amazingly, the House managed to pass a piece of legislation Wednesday that both helps hungry kids and gives a boost to businesses that want to invest in future products. It was a compromise and neither side is ecstatic, but both Democrats and Republicans got something for their constituents.
Democrats got to lift 400,000 children and their families out of poverty, and the legislation will immediately carry an additional 3 million kids from “deep poverty” to mere poverty with an expanded child tax credit. Over the next year, reports the Center on Budget and Policy Priorities, the legislation will help over 16 million children growing up in low-income households.