“The House GOP's latest plan — called Tax Reform 2.0 — would rob even more from America’s future. ”
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“Soon after Donald Trump was elected, he was filmed strolling into a swanky New York City restaurant and telling fellow patrons, “We’ll get your taxes down — don’t worry.” And he’s sticking to it. After already signing a tax bill that disproportionately benefits corporations and the wealthy, Trump’s administration is reportedly contemplating a unilateral move that would cut taxes, mainly for rich people, by $100 billion.”
“Some of the biggest winners from President Donald Trump’s new tax law are corporate executives who have reaped gains as their companies buy back a record amount of stock, a practice that rewards shareholders by boosting the value of existing shares.”
“Rather than delivering an “economic turnaround of historic proportions,” as Trump boasted last week, the bill will likely end up costing well over $1.4 trillion dollars and will instead provide corporations and the wealthiest Americans a giant hand-out.”
“The Trump administration is considering bypassing Congress to grant a $100 billion tax cut mainly to the wealthy, a legally tenuous maneuver that would cut capital gains taxation and fulfill a long-held ambition of many investors and conservatives.”