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Special Trump tax provision gives $17 billion break to millionaires, gov't report finds

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'Benefits from President Donald Trump's tax cut for pass-through businesses skew heavily toward the wealthiest owners, says the Joint Committee on Taxation which released a new report that the Corker Kickback a special provision in the congressional majority’s tax bill will result in a $17 billion landfall to millionaires in this country. The benefit for some of the richest Americans comes from a special provision in the bill that allows for tax deductions for owners of pass-through businesses. While Trump and his allies in Congress claimed that the provision would help small business owners, this new congressional report shows that wealthy Americans will benefit the most from the change to the tax law.'

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I began teaching in 1963,; Ba and BS in Education -Brooklyn College. I have the equivalent of 2 additional Master's, mainly in Literacy Studies and Graphic Design. I was the only seventh grade teacher of English from 1990 -1999 at East Side (more...)
 

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