Chuck Fleischmann trying to look important
It's Time to Chuck CHUCK
U. S. Congressman Chuck Fleischmann of Tennessee has proven by his votes that he does NOT represent the people and needs of the Third District of Tennessee and doesn't deserve another term.  Voters are fed up with all the political partisanship and fighting in Congress.  We want someone who will work to solve real problems and not waste time on wedge issues that only divide our country.   If you don't like our government, vote to change it.  If you don't vote for change, don't expect better government.
It's time we got a representative who is not afraid to meet voters face to face.
Chuck Fleischmann trying to look patriotic

Chuck Does Not Support Your Best Interests On The Economy
(Unless you are a Millioniare)
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We don't need any more Diane Black type Republicans, like Chuck Fleischmann,
representing themselves in Congress, instead of us.

VOTE FOR A CHANGE!

Do Tax Cuts to the Wealthy Really Trickle Down? (Spoiler Alert, They Don't)

Since at least the Presidential election of 1896, the Republican Party has been pushing supply-side economics, or what we call today, Trickle Down Economics.  Basically, they said give more money to the wealthy and businesses and that will create prosperity that will trickle down to everyone else below and create more revenue to pay for it.  The problem is it didn't work and their policy created great income inequality between the wealthy and everyone else, and when the income/wealth gap widened so much, we got the Great Depression.  Thanks to the Federal Reserve, as this gap is widening again, we got the Great Recession instead of depression, but the problem is getting worse. 

The GOP has passed the Tax Cut and Jobs Bill of 2017 that gives enormous tax cuts  to the top income percentage and large corporations.  Everyone else mostly got a token tax cut that gets smaller every year until 2027 and for many becomes a tax increase.  Since there are as many jobs available now as there are unemployed, not many jobs will be created.  This bill allows the rich to get richer and the poor to get poorer.  This is how income inequality works.

       Family gains and losses with Tax Cut Bill of 2017

As you can see from the above chart, families or individuals making $30,000 per year, or less, start paying more taxes in 2019.  Of course people won't notice this until after the midterm congressional elections.  How clever those Republicans are in trying to buy the election.  The average family income in Tennessee is just over $38,000 per year, so they won't see an increase in pre-2018 taxes until after the 2020 Presidential election.  No coincident there.  By 2027, all families and taxpayers making under $75,000 per year will lose all their tax cuts.  This just happens to be most Americans.  You see that taxpayers making over $75,000 per year keep some of their tax cut and never lose it.  Now how much of that do you think will trickle down to you.  Click here if you want to see how the Tax Cut bill benefits the rich.

Basically the GOP have given a massive tax cut to corporations that never goes away, and they are doing it by adding at least 1.5 trillion dollars to the national debt.  They hope the tax cut will stimulate the economy enough to lower that deficit,  but they at least have the increase tax on the middle class to help reduce the deficit.  Tax cuts are usually given to help stimulate the economy.  Makes you wonder why we needed this tax cut in the first place with the economy continuing to grow since the Obama economic turn around and continued drops to the unemployment rate. 

Here's what Chuck Fleischmann had to say about taxes and government spending:

"I believe that the federal government should be prohibited from spending more money than it collects each year. I believe that a constitutional amendment is needed in order to force Congress to live within its means. Our country is drowning in a sea of debt with uncontrolled government spending and a tax system that fails to support the continued growth that our nation's economy needs. Clear and concise legislation is needed in order to hold the federal government accountable for the abuse, fraud and waste that they expect the American tax payer to subsidize.

The tax relief legislation that was passed in 2001 and 2003 had several positive effects. This legislation reduced the marginal tax rates for families and small businesses.  It increased the child tax credit and repealed the unfair death tax (Estate Tax). This tax relief legislation is set to expire in 2010."

It is good that the federal government should not spend more money than it collects each year.  Makes you wonder why Chuck voted for the unneeded tax cut bill that adds so much to the debt.  If we had a constitutional amendment requiring a balance budget each year we would be forced to increase taxes to pay for everything we want.  We might also have to make major cuts to Social Security, Medicare, Medicaid, other safety net services, and to the military.  Maybe we should do what President Bill Clinton did to balance his budgets.

Chuck also talks about the tax cuts during President George W. Bush's first term.  What he doesn't tell you is that this tax cut came when he had been handed two balanced budgets in a row from President Bill Clinton and at a time of greater spending because of the war on terror after 9/11.  This added trillions to the national debt and ended with the Great Recession of 2008 with huge unemployment because the money did not trickle down.  President Bush would have better served the country with a War Tax instead of creating more deficit.  If our country is going to add 1.5 trillion dollars to the nation debt, we would be better off spending it on rebuilding our nations crumbling infrastructure.  This would have created lots of jobs and stimulated the economy at the same time.


Stock Buybacks Are Killing the American Economy

Since Chuck Fleischmann voted to pass the Tax Cut and Jobs Bill of 2017, major corporations have spent over 260 billion dollars to buy back their stock and that is just since January of 2018.  Profits once flowed to higher wages, create more jobs, or for increased investment.   Now, they enrich wealthy shareholders that own 83 percent of all stocks.  That is how they make most of their money.  The Atlantic magazine had an article written in February, 2015 that is just as true today as it was back then.  Here are three clips from that article.

"As economic power has shifted from workers to owners over the past 40 years, corporate profit’s take of the U.S. economy has doubled—from an average of 6 percent of GDP during America’s post-war economic heyday to more than 12 percent today.  Yet despite this extra $1 trillion a year in corporate profits, job growth remains anemic, wages are flat, and our nation can no longer seem to afford even its most basic needs.  A $3.6 trillion budget shortfall has left many roads, bridges, dams, and other public infrastructure in disrepair.  Federal spending on economically crucial research and development has plummeted 40 percent, from 1.25 percent of GDP in 1977 to only 0.75 percent today.  Adjusted for inflation, public university tuition—once mostly covered by the states—has more than doubled over the past 30 years, burying recent graduates under $1.2 trillion in student debt.  Many public schools and our police and fire departments are dangerously underfunded."

You can read the entire article here: https://buff.ly/2Bq5sVr

"Meanwhile, the shift toward stock-based compensation helped drive the rise of the 1 percent by inflating the ratio of CEO-to-worker compensation from twenty-to-one in 1965 to about 300-to-one today. Labor’s steadily falling share of GDP has inevitably depressed consumer demand, resulting in slower economic growth. A new study from the Organization for Economic Co-operation and Development finds that rising inequality knocked six points off U.S. GDP growth between 1990 and 2010 alone."

"It is mathematically impossible to make the public- and private-sector investments necessary to sustain America’s global economic competitiveness while flushing away 4 percent of GDP year after year.  That is why the federal government must reorient its policies from promoting personal enrichment to promoting national growth. These policies should limit stock buybacks and raise the marginal rate on dividends while providing real incentives to boost investment in R&D, worker training, and business expansion."

Whenever you hear "But the stock market is doing so well" you should think of this article & immediately look up Chuck Fleischmann's financial disclosures at clerk.house.gov.   Government policies that are good for stock prices, are not necessarily good for the country as a whole.  Remember, wealth does not trickle down.


Chuck Fleischmann on Labor and Jobs

Chuck Fleischmann is not a friend to labor.  He voted to amend the Fair Standards and Labor act to allow companies to not have to pay for overtime.  They can opt to pay compensatory time instead.  Woodchuck Chuck would rather have the money.  The conservative Competitive Enterprise Institute (CEI), has given Chuck a 100% score on union issues.   Sounds good until you realize that CEI is anti-union, anti-labor. 

In the 112th Congress Fleischmann voted for the following bills:

  • H.R. 658, LaTourette Amendment No. 21: NO on repealing changes to the Railway Labor Act's voting rules.

  • H.R. 658, Gingrey Amendment No. 18: YES to prohibit Federal Aviation Administration employees from using official--that is, taxpayer sponsored--time for union activities during the official workday.

  • H.R. 1, Price Amendment No. 410: YES to defund the National Labor Relations Board (NLRB).

  • H.R. 1, Guinta Amendment No. 166: YES to prohibit imposing "prevailing wage" and other requirements in project labor agreements that advantage unionized contractors.

  • H.R. 2017, Scalise Amendment No. 388: YES to prohibit project labor agreements in DHS contracts.

  • H.R. 2055, LaTourette Amendment No. 411: NO on funding for federal project labor agreements.

  • H.R. 1, King Amendment No. 273: YES to eliminate the "Davis Bacon" prevailing wage rate requirement for federal projects.

  • H.R. 2017, Gosar Amendment No. 386: YES to eliminate the "Davis Bacon" prevailing wage rate requirement for Department of Homeland Security contracts.

  • H.R. 2354: Gosar Amendment No. 655: YES to restrict application of the Davis-Bacon Act to contracts exceeding $20 million.

  •  H.R. 2017: Rokita Amendment No. 2: YES to prohibit collective bargaining at the Transportation Security Administration (TSA).

As can be seen in just one session of Congress, Chuck Fleischmann has done everything he could to prevent employees from collective bargaining and even voted to defund the National Labor Relations Board which helps enforce workplace rules to protect employees.  Quick fact: Twenty years ago the average CEO made 30 times the average worker pay.  Today it is 300 times.  This is just another example of how income inequality, promoted by the GOP, works.

We need a Congressman or Congresswoman who will work to help workers by making laws and regulations that provide an even playing field of opportunity for everyone.  This is not anti-business, it is pro-people.


 

Tennessee is number 1 in bankruptcyDid you know that Tennessee is number one in the nation for filing Bankruptcy? A high percentage of these are because of medical bankruptcy.  The United States is the only industrialized country in the world that has medical bankruptcy.  That is because all the other countries have universal health care coverage for their citizens.

Everyone knows that Chuck Fleischmann is an attorney.  Did you know that he and his wife started their business when they took over her father's business.  Did you know that what he does is act as a collections attorney, going after people who have had to file for bankruptcy.  It is no wonder he is so against universal health care. 

What are the Leading Causes of Personal Bankruptcy

"While heavy consumer debt is a common cause of bankruptcy, other significant factors commonly leading to filings are major life changing events, such as getting divorced, being fired from a job, the death of a family member, or incurring a medical expenses not covered by insurance plans, as these all significantly reduce personal financial security and leverage. In fact, fewer than 9 % of the people filing for bankruptcy have not experienced a medical problem, a divorce, or loss of employment."

The above quote if from a WorldAtlas.com economics article.  You can read the entire article here:
https://buff.ly/2ABc2qT 

Universal Health Care for all would reduce bankruptcy by over 50 percent.

Most of this information was obtained from the Federal Election Commission and the House.gov websites.

Click here to see the ABC's of why we have to Vote in new Representatives

           Woodchuck Chuck

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