Trump's tax cuts for Betsy DeVos and the very rich are being paid for by education cuts

The education secretary will testify before Congress Wednesday about the 'tough choices' in her proposed $6.7 billion education spending cut.
Josh Israel
Apr 10, 2019, 8:00 am

Education Secretary Betsy DeVos will testify before Congress on Wednesday about her priorities for the department, weeks after she proposed billions of dollars in cuts for education spending in fiscal year 2020.

DeVos has labeled the cuts “tough choices,” but new analysis from the Center for American Progress Action Fund (CAPAF) shows DeVos’ personal savings from the 2017 GOP tax bill alone could have covered a significant chunk of them.

According to her 2018 personal financial disclosures, DeVos’ income was somewhere between $46.8 million and $109 million, mostly stemming from LLCs, limited partnerships, and distributive shares. CAPAF’s analysis estimates the Trump tax cuts likely saved her $10 million or more in the last year alone.

Seth Hanlon, a senior fellow at the Center for American Progress who focuses on federal tax and budget policy, said DeVos was “illustrative of the windfall that extremely wealthy business owners were handed in 2017.”

https://thinkprogress.org/betsy-devos-benefits-from-trump-tax-bill-pay-for-education-cuts-260654117eb2/


Repeal that 1.5 trillion tax scam.....................