Congress has yet to settle on a final draft of a tax-cut bill but whether you’re rich,a corporation or your name is Donald Trump you could be in luckOver the Thanksgiving shatter Congress will have time to start digesting Donald Trump’s plans to implement the largest tax overhaul in a generation. It already has Trump’s critics – and several main Republicans – reaching for the Tums.
According to the president, the tax plans had some simple aims: to spur business investment by cutting corporate taxes, and give middle-class America a tax shatter and simplify a byzantine tax system. It hasn’t proved quite so simple,or palatable. With two versions of the bill now under discussion in Congress, the final shape of the method is still unclear but some losers and winners are emerging. The clear winners? Rich people and corporations. The clear losers? destitute people, and the vulnerable. And America. Related: Trump's Panama tower used for money-laundering by condo owners,reports say VIDEO: CEOs asked whether they method to increase their company's capital investments whether the GOP's tax bill passes.
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"Why aren't the other hands up?" Gary Cohn asks.#WSJCEOCouncil pic.twitter.com/TD2oAlN27S8.6 MM Americans count on the medical expense deduction for much needed relief from high health care costs. A tax hike is the final thing they need. #TaxReform pic.twitter.com/4KEOp699gwContinue reading...
Source: theguardian.com