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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHere are the massive tax cuts going to the Republicans who wrote the tax bill
A new report finds they will reap an average of $314,000 from just one provision.
The rallying cry of Republicans during tax bill negotiations was that this legislation was created with the middle class in mind.
Its a lie the Trump administration told the American people time and time again over 84 times.
In reality, the GOP tax bill will do very little for lower and middle income families. Study after study of the tax plan shows the plan will ultimately benefit the wealthiest Americans. The non-partisan Tax Policy Center found that after the tax plan has taken full effect in 2027, 80 percent of the benefits would go to the top 1 percent. When it comes to tax cuts, the top 1 percent will get an average cut of $1,022,120, while the middle 20 percent will get an average cut of $420, eviscerating any notion that the middle class are the key beneficiaries of the Republicans Unified Framework for Fixing Our Broken Tax Code.
Those who will benefit the most from the tax bill, however, are the same the ones who helped construct it.
https://thinkprogress.org/here-are-the-massive-tax-cuts-going-to-the-republicans-who-wrote-the-tax-bill-00bf6e9f6f0a/
November 2018 cannot get here fast enough
louis-t
(23,295 posts)He gave himself the tax cut he always wanted, now he can go find a lobbying job and enjoy the fruits of his labor.
turbinetree
(24,701 posts)and now he's calling for food stamps to be a work requirement before he walks out the door in January 2019, because the sexual predator wants it also..............
I personally think that if you retire from Congress you are barred form lobbying...............end of story