Top 1% to Get $117 Billion in Trump Tax Cuts This Year as Bottom 95% Pay More

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Top 1% to Get $117 Billion in Trump Tax Cuts This Year as Bottom 95% Pay More

  “Unfortunately, it could get worse,” the analysis warns, pointing to lobbying for “indexing capital gains for inflation—which would be a benefit hugely skewed to the wealthy.” Just over a week away from Tax Day in the United States, a think tank on Monday released an analysis highlighting how most Americans will see their taxes go up this […]

Trump Quietly Dishes Out More Tax Breaks to Rich Investors While Slashing Food Aid for Millions

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Trump Quietly Dishes Out More Tax Breaks to Rich Investors While Slashing Food Aid for Millions

“Why would corporations spend millions on Trump’s ballroom or Bitcoin? Because they’re getting billions in unlegislated tax breaks,” said one Democratic lawmaker. The Trump administration is quietly waging an all-out regulatory war on a Biden-era corporate tax that aimed to prevent large companies from dodging their tax liabilities while reporting huge profits. The corporate alternative minimum tax (CAMT) was […]

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