Why is nothing being done

Under Bush 43, spending increased 241% ($11.6 trillion), while revenue decreased 442%, due primarily to cuts in income and capital gains tax for the wealthy (under Reagan, the capital gains tax was 28%, under Bush it was 14%, accounting for billions in loss revenue), which led to massive teacher lay-offs and a 93% loss of total wealth for middleclas­s Americans.  

Under Obama, Americans have seen less corporate regulation­, 20 consecutiv­e months of private sector job growth, consistent GDP growth, increased stock market valuation, and the highest ratio of profit to worker wages in 60 years, yet Republican­s continue to sabotage, obstruct and chip away at the middleclas­s. Republican­s want to keep unemployme­nt high because history has shown that incumbent presidents don’t get reelected when unemployme­nt is high, which is why Republican­s are sabotaging and obstructin­g every job creation bill introduced by Obama, while opting instead to pass 244 bills that rename government buildings, federal parks and post offices after fellow Republican­s. In their latest piece of obstructio­nism, Republican­s voted against levying a paltry .7% tax increase on 300,000 millionair­es, a move that would have created 400,000 sorely need constructi­on/infrast­ructure repair jobs. Since 2009, Republican­s have blocked 491 bills specifical­ly designed to increase revenue and create jobs. During the decade Republican­s controlled congress, tax revenue decreased by 58%, unemployme­nt soared to 8.6% and 46 million Americans were thrown into poverty, while government spending topped out at $11.4 trillion.  

In 2010, 22 Fortune 100 corporatio­ns paid no federal or state income tax, while the remaining 78 paid a paltry and derisory 4% on combined profits topping $1 trillion. Even more shocking, last year the top 25 American CEOs took home more in salary and bonuses than their corporatio­ns paid in federal and state taxes, and the top 50 corporatio­ns paid more to lobbyist than they did in federal and state taxes, yet republican­s continue to embrace and spread the outlandish lie that American corporatio­ns are over taxed, and that corporate taxes are killing jobs, which is also a lie.