Buried in the Fine Print, Trump Rule Would Give $2.5 Billion Tax Cut to Big Bank Fat Cats
As Wall Street banks continue to enjoy record profits thanks to President Donald Trump’s $1.5 trillion tax scam, Trump’s Treasury Department—headed by former Goldman Sachs executive Steve Mnuchin—quietly moved to hand big banks yet another major gift on Wednesday by hiding a $2.5 billion tax cut in the fine print of an “esoteric” new rule proposal (pdf). At first glance, the […]