“According to estimates from the Center on Budget and Policy Priorities, the top fifth of earners get 70 percent of the bill’s benefits, and the top 1 percent get 34 percent. The new tax treatment for “pass-through” entities — companies organized as sole proprietorships, partnerships, LLCs, or S corporations — will mean an estimated $17 billion in tax savings for millionaires in 2018. American corporations are rewarding their shareholders with stock buybacks this year, thanks in part to their tax savings.”
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“Yesterday, while reports revealed that former senior Trump officials committed various campaign finance, bank, and tax fraud violations, reports also surfaced that Congressman Vern Buchanan (FL-16) received a loan from a foreign bank that lobbied in favor of the Republican tax law.”
“Slowly but surely, Republicans that supported the trillion dollar Trump tax bill are revealing their true motivations: slashing Medicare and Social Security.”
“Republican donors and corporate interests who benefited from the tax law are spending millions of dollars propping up candidates who voted for the law. As the tax law becomes less and less popular, Republicans are more reluctant to embrace the measure on the campaign trail—but that hasn’t stopped the very same donors who pushed for the law to reward the lawmakers who made it a reality.”
“For the sixth time since 2012, a Catholic social justice group is sending a group of religious sisters across the country on a bus tour ― this time to protest against the GOP tax law ahead of the midterm elections. The 27-day, 54-event tour is set to hit 21 states, including a slew of competitive congressional districts. The tour will end with a “Fiesta for the Common Good” outside of the Trump-owned Mar-a-Lago resort in Florida.”