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Fri Nov 3, 2017, 02:17 PM

FORTUNE: Trumps Tax Cuts Are the Biggest Wealth Grab in Modern History

On Nov. 2, Republicans in Congress finally released the details for their tax plan. The Tax Cuts and Jobs Act is a massive overhaul of the tax code and spending priorities—and nothing short of a boon to the very wealthy at the expense of everyone else.

I’m old enough to remember way back to Nov. 1, when CBS released a poll showing most Americans wanted to see the wealthiest households and biggest corporations pay more, not less, in taxes. This is in sync with poll data from Gallup, collected year after year since 1992, that shows a solid majority of Americans believe the wealthy pay too little in taxes.

Given such overwhelming support for raising, not cutting, taxes on the wealthy, it makes sense that President Donald Trump and his allies in Congress would present their tax plan as benefiting the middle class rather than the rich. It’s about “people who are low- and middle-income,” says House Speaker Paul Ryan, “not about people who are really high-income earners getting a break.” Trump has even claimed “the rich will not be gaining at all with this plan.”

Unfortunately, those are bald-faced lies.

http://fortune.com/2017/11/03/trump-gop-tax-plan-cuts-2017/

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Reply FORTUNE: Trumps Tax Cuts Are the Biggest Wealth Grab in Modern History (Original post)
HAB911 Nov 2017 OP
Chasstev365 Nov 2017 #1
cyclonefence Nov 2017 #2
DonCoquixote Nov 2017 #3

Response to HAB911 (Original post)

Fri Nov 3, 2017, 02:19 PM

1. Are you hearing this David and Charles Koch?

 

Personally, I am hoping a blood clot finds both of you very soon!

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Response to HAB911 (Original post)

Fri Nov 3, 2017, 02:48 PM

2. How much goddam money

do people like the Kochs and Mercers need? All of it, apparently.

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Response to HAB911 (Original post)

Fri Nov 3, 2017, 03:17 PM

3. when fortune magazine, aka steve forbes finance porn

says this is a money grab, you know we have dug into the lower layers of hell.

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