CURRENT TAX BREAKS FAR EXCEED ALL DISCRETIONARY SPENDING
“Tax breaks are expected to cost the federal government $1.22 trillion in 2015 – more than all discretionary spending in the same year. “… tax […]
Month: October 2017
WHY TRUMP CARES ABOUT AMT: AMT KEPT TRUMP FROM A 3% TAX RATE IN 2005.
“According to a two-page excerpt from Trump’s 2005 taxes mailed anonymously to Pulitzer Prize–winning investigative reporter David Cay Johnston and published Tuesday by DCReport.org, Trump’s […]
REPUBLICAN/TRUMP TAX PLAN NOT TO BENEFIT THE MIDDLE CLASS, BUT THE MOST WEALTHY
A report from the non-profit Washington-based Tax Policy Center found that taxpayers in the top 1 percent income bracket – above $730,000 – would receive […]
THERE’S NO ECONOMIC STIMULUS FROM REPATRIATING PROFITS, “TAX HOLIDAYS” AND “BRINGING MONEY BACK”
The pledge or promise from corporations is to increase employment, raise wages, spend more on R&D and a “stimulate” the economy, i.e. economic growth. In […]
REPUBLICAN/TRUMP TAX REFORM ADDS TRILLIONS TO THE DEFICIT
The nonpartisan Tax Policy Center puts REVENUE LOST from the Trump/Republican blueprint at $5.6 trillion over 20 years. Specifically, “we find they would reduce federal […]
TRUMP/REPUBLICAN TAX REFORM INCREASES TAXES FOR SOME IN THE MIDDLE CLASS, PROVIDES FEW REDUCTIONS FOR THE MIDDLE CLASS. BIG CUTS FOR THE MOST WEALTHY.
A report from Committee for a Responsible Federal Budget said about 12 percent of taxpayers would face an average tax increase of roughly $1,800. This […]
ONCE IN A LIFETIME OPPORTUNITY TO CONCENTRATE WEALTH, INCREASE INEQUALITY, MOVE MORE MONEY TO THE MOST WEALTHY AND GUT OUR DEMOCRACY
“Why am I here?” Steven Cohn said in response to a question by the New York Times’Jeff Zeleny. “I am here just for this reason. Think […]