“WASHINGTON, D.C. —Today, the Ways and Means committee held a hearing to consider yet another round of tax cuts for the wealthy. Republicans recently introduced a new bill to give another $1.5 trillion in tax cuts to the richest 5% of Americans on top of the nearly $800 billion they gave to the wealthy the first time around.”
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“WASHINGTON ― While Republicans on the campaign trail have largely dropped the tax cut bill from their midterm messaging, GOP leadership is gearing up for another round of tax headlines anyway ― with a House bill that would turn the temporary tax cuts Congress passed last year into permanent ones.”
“The recent changes to the tax code are giving business executives a new perk: the opportunity to deduct the entirety of a corporate-jet purchase. President Trump signed more than 100 changes to the U.S. tax code into law at the end of last year. Among them: The price of a new or used airplane purchased by a company can be a 100% write-off against its earnings.”
“Some in Congress are pushing for what they are calling "Tax Reform 2.0." Americans should reply with a loud and clear “Two-point no!” Tax Reform 2.0 would be add insult to injury, piling even more debt on Americans while the impact on wage growth of the already passed tax reform is falling well short of the promises made.”
“When American voters gave Republicans complete control of Washington in 2016, they knew they’d be getting some innovative, outside-the-box thinking on policy, particularly economic policy. I’m kidding — what they actually knew, or ought to have known, was that they’d be getting the same thing Republicans always advocate: tax cuts for the wealthy and slashing environmental and worker protections.”