Federal prosecutors indicted GOP Representative Chris Collins for insider trading yesterday. Collins represents the 27thDistrict in northwestern New York and was an early Donald Trump supporter. Right now his website touts three Federal grants to improve sewer, airport, and firefighting infrastructure in his district, which is how I suppose he expects to achieve his “Vision: The United States of America will reclaim its past glory as the Land of Opportunity, restoring the promise of the American Dream for our children and grandchildren.”
I guess it’s good to know that at least one GOP rep thinks Government works and should intervene without waiting for markets to allocate resources to regional airports and municipal sewer systems. But since Collins voted for the tax “reform” act last year, he must also think borrowing money that his grandchildren will have to pay back will restore to them the “promise of the American Dream.” Low taxes for corporations now and higher taxes for everyone else later sounds like the “Land of Opportunity,” all right – if you’re a corporate CEO or shareholder. Continue reading