.MaddowBlog: GOP senators push Trump admin. for a new tax break for the wealthy.
Republican policymakers already approved a massive package of tax breaks a year and a half ago, and by any fair measure, the GOP tax plan hasn’t worked out as planned.
“This treatment punishes taxpayers for the mere existence of inflation and is inherently unfair,” the senators write. The Washington Post’s Matt O’Brien recently characterized this as “the most useless and regressive tax cut ever.” But then you start to think. What about inflation? That $1,000 in 2008 is the equivalent of $1,150 today. Your real profit is only $150, and $60 represents a capital gains tax of 40 percent. What a rip off! Part of your “profit” is really just keeping up with inflation. Why do you have to pay any taxes on that?
And what’s wrong with that? A few things, actually. First and foremost, the policy is profoundly regressive, delivering nearly all of the benefits to the very wealthy. The very rich don’t need yet another tax break, and polling suggests such a move would be wildly unpopular.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Why GOP Senator and rape survivor Martha McSally has endorsed a Trump nominee accused of sexual assaultThe first-term lawmaker told Newsweek that after weeks of studying the evidence, she's determined the accusations levied against the four-star general are false.
Leer más »
GOP retreat to take place in Baltimore, same city Trump blasted as 'dangerous & filthy'The House Republican retreat is scheduled to take place in Baltimore — the same city in Maryland that President Trump denigrated over the weekend as a 'disgusting, rat and rodent infested mess,' while writing that 'no human being would want to live there.'
Leer más »
Column: Incredibly, GOP senators are demanding another tax cut for the rich“Give ’em an inch and they’ll take a mile” doesn’t apply anymore. Now, it’s better to say, “Give the rich trillions of dollars in tax cuts, and they’ll demand hundreds of millions more.” Columnist hiltzikm on GOP senators' demand for another tax cut:
Leer más »
Trump mocked over 9/11 claim with #LostTrumpHistory memes: 'Trump painted the Mona Lisa, invented cheeseburgers''In 2019, astronomer Donald Trump discovered that the Moon was a part of Mars. LostTrumpHistory,' George Conway tweeted.
Leer más »
There's Now a 'Women For Trump' 2020 CoalitionLara Trump's Women for Trump coalition includes members Stacey Dash, Kaya Jones, Kathy Zhu, Diamond and Silk, and Alveda King.
Leer más »
There's Now a 'Women For Trump' 2020 CoalitionLara Trump's Women for Trump coalition includes members Stacey Dash, Kaya Jones, Kathy Zhu, Diamond and Silk, and Alveda King.
Leer más »