Men's Warehouse Founder: Tax Bill a Giveaway to Millionaires Like Me

George Zimmer op/ed

"The tax bill currently set for a final vote in Congress will be a disaster for millions of hard-working American families. It’s true that some in the middle class are going to get a tax break over the next few years. But don’t be fooled. Those tax cuts expire, meaning that if you make less than $75,000 a year, you’re almost certainly going to be paying more in the long run. Tax cuts for people like me, who have significant income and wealth, will stay permanent.

This might all seem confusing, but that’s by design. The bill’s authors don’t want you to know just how much you’re going to lose. But you don’t need to know all the specifics of the math to understand this bill. You just need to know this ― that your tax cuts are going to expire in a few years, while virtually every tax cut for wealthy individuals and corporations are going to be permanent.

Tax bills are about priorities, and unless you’re a millionaire like me, or a big corporation, you’re at the bottom of the list.

How in the world can anyone claim with a straight face that the people who are really struggling, that really need tax relief, are corporations sitting on billions in capitol, or the wealthy heirs of rich people.

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https://www.huffingtonpost.com/entry/the-gop-tax-bill-is-a-giveaway-to-millionaires-like-me_us_5a39286ae4b0c65287ac6098?ncid=engmodushpmg00000003