Tag: TaxCuts

Trump mulls bypassing Congress to give rich Americans another $100 billion in tax cuts

In case America’s richest need that extra yacht or their eighth vacation home, Donald Trump is weighing padding their pockets with another $100 billion in savings through the capital gains tax. But in his quest to further enrich the rich, Trump wants to bypass Congress this time around, which would require his Treasury Department to do some […]

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Trump tax plan was a lie. Corporate tax revenue at 75-year low; 2019 deficit looks like $1 trillion

Corporate tax receipts—what the U.S. collects from corporations—have plummeted to a level not seen since the World War II. The Times analysis cited that as the primary factor driving the deficit through the roof. And why, pray tell, are corporations paying so little in taxes suddenly? “The reason is President Trump’s tax cuts.” As the adjacent […]

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As midterms approach, Republican staffers make a dash for the (lobbying) cash

“And most importantly, the people who helped us write this bill are going to make huge amounts of money next year. Huge. We’re talking yacht money here.” The midterms are rapidly approaching, and while it’s unclear whether Democrats will take control of Congress, top Republican staffers are already heading for the hills. The reason is […]

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The budget reform America needs most? Government rate-setting for health care

Federal spending on health care as a share of the economy will double in three decades. As the chart above suggests, it is the exploding cost of health care (and the concomitant growth in interest payments on the national debt) that will unleash America’s future hemorrhage of red ink. Alongside raising tax revenue, dramatically slowing […]

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Six months into the GOP’s tax cuts for the rich, they’re bombing even worse than before

Daily Kos Staff Monday June 25, 2018 · 6:01 AM PDT 2018/06/25 · 06:01 Donald Trump and Paul Ryan with the Ryan’s potential successors, Steve Scalise and Kevin McCarthy. Donald Trump and Paul Ryan with the Ryan’s potential successors, Steve Scalise and Kevin McCarthy. Except for a couple months of sanguine optimism early this year, […]

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The third worst person in Washington

Cornyn, who in December demanded “Mueller needs to clean house of partisans,” tweeted a National Review article titled “Spy Name Games.” In it, Andrew McCarthy wrote, “The Obama administration blatantly politicized the government’s intelligence and law-enforcement apparatus.” Appearing on right-wing radio host Hugh Hewitt’s show, Cornyn rejected the conclusion shared by Rubio, Gowdy and Democrats […]

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