Wealthiest Netted Billions From Trump Tax Cut They Helped Write: Report

Posted at https://www.commondreams.org/news/2021/08/11/wealthiest-netted-billions-trump-tax-cut-they-helped-write-report ProPublica’s new investigation reveals how the pass-through businesses deduction benefited the nation’s richest. ANDREA GERMANOS August 11, 2021 A ProPublica investigation published Wednesday shows how Republican lawmakers and industry groups maneuvered to secure in the 2017 GOP tax law provisions that delivered … Continued

The Trump Tax Cuts Should Be Repealed, Not Made Even Worse by Making Individual Tax Cuts Permanent

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Posted at https://www.epi.org/publication/the-trump-tax-cuts-should-be-repealed-not-made-even-worse-by-making-individual-tax-cuts-permanent/ Economic Snapshot • By Hunter Blair • April 13, 2018 With Tax Day approaching, the Republican Tax Cuts and Jobs Act (TCJA), which included large cuts to both individual and corporate income taxes, remains front and center … Continued

CLASP: Trump Hands the Bill for Millionaires’ Tax Cuts to Everyday Americans

From CLASP (http://www.clasp.org/): Washington, D.C.—In a continuation of the administration’s assaults on hard-working, low-income people, President Trump today announced his fiscal year 2019 (FY19) budget proposal. As expected, Trump proposes to finance the recent massive federal tax cuts for millionaires … Continued

‘They’re Going to be Sailing Off Into the Horizon, Laughing All the Way’

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Posted at https://www.chn.org/2017/10/11/theyre-going-sailing-off-horizon-laughing-way/#.Wd5471tSwdU By David Elliot October 11, 2017 Kelly Conklin and his spouse, Kip, are the co-owners of a custom woodworking business in Bloomfield, New Jersey.  They’ve owned the business since 1978, and employ 16 well-paid workers.  Now they view … Continued

GOP-Trump Tax Plan: A Windfall for Top 1% of Pennsylvania, a Tax Increase for Many Middle Class Pennsylvanians

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From the Pennsylvania Budget and Policy Center (http://www.pennbpc.org): A 50-state analysis of the GOP tax framework reveals that in Pennsylvania, the top 1 percent of taxpayers would receive a substantial tax cut worth $67, 970 while many upper middle class … Continued