For nearly two decades America has followed the course demanded by corporate executives. So, in order to enact Corporate America's Economic Plan, they lowered taxes on the rich - even when their incomes were doubling. They raised taxes on working people - even as our incomes stagnated. Regular folks continue to bear a disproportionate share of the tax load. And then they cut taxes on corporations as well.
Corporations are able to benefit from the savings, while workers struggle to make ends meet.
In 1993, the corporate share of income taxes was 9 percent, down from 31 percent in 1953. Their plan didn't help us. The U.S. has been trading good jobs for jobs with lower wages, lower benefits, and lower security. And then they wage war on unions. Unions have played a major role in making individual incomes more fair.