Ethics watchdog: GOP tax bill written to cut Trump's taxes
Source: The Hill
A government ethics watchdog argued Thursday morning that the newly released Republican tax bill was written to lower President Trumps taxes.
Citizens for Responsibility and Ethics in Washington, a nonprofit that aims to reduce the influence of money in politics and foster government accountability, cited the bills intention to repeal the alternative minimum tax.
In 2005, the one year of Trumps taxes weve seen, the Alternative Minimum Tax cost him an extra $31 million, the organization, which is linked to Democratic operative David Brock, tweeted. This bill was written for him.
The alternative minimum tax applies to certain high-income individuals and helps close loopholes to ensure those people pay at least a minimum amount of tax, according to the IRS.
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Read more: http://thehill.com/policy/finance/358407-ethics-watchdog-gop-tax-bill-written-to-cut-trumps-taxes
Honeycombe8
(37,648 posts)I may have to check out and quit reading the news.
Fred Sanders
(23,946 posts)family are making.
Should be a top demand of Democrats...and how does this effect the
Trump Billionaire cabinet?
Conflict of interest is real thing, media.
Hieronymus
(6,039 posts)claiming how much a family earning $59,000. can do with $1,862.
jmowreader
(50,559 posts)I guess that's not a bad deal...after all, our president deserves a huge tax cut, he works so hard and asks so little.
riversedge
(70,242 posts)bills were). It should rightly die on the vine!
lark
(23,105 posts)OF COURSE, everything in the bill pertains to him, that's all he cares about, himself. Middle class in blue states, the elderly, all workers and poor everywhere are getting screwed to the wall so he and repug donors get multi millions in tax breaks. The budget takes billions out of our Medicare and trillions from Medicaid just so they can pass the tax bill without exploding the deficit on paper more than 1.5 trillion over the next 10 years. drumpf said the economic collapse after the bush tax cuts were great for him personally and he's going to make that happen again so he and the Kokes can make out like bandits. This is the fuck over 98% of all Americans for the benefit of the rich greedy traitorous oligarchs.
BigmanPigman
(51,609 posts)and he explains financial matters so that even an idiot like me can understand them. When he explained how the tax plan benefits the rich but particularly how it was basically written to save the fake prez tons of money, based on the only tax forms we have from him, I had to punch my clown/fucking moron punching bag (a lot)!