The General Assembly passed a tax break for corporations, with the five largest beneficiaries ultimately getting savings totaling $60 million a year.
Taxes also will be cut for individuals with the average family of four saving $120 a year when the cuts are phased in three years from now.
The benefiting companies, their officials and political committees have contributed tens of thousands of dollars to state elected officials (Metro, May 25).
The tax savings for families seem proportional to the amount of their contributions.
For years corporate profits, stock prices and executive compensation have been soaring while the incomes of most working people have stagnated and declined.
How much wider do income disparities have to get before ordinary citizens demand an end to the big contributions that dominate political decisions?
