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The Trump-McConnell-Ryan Tax Plan: A Windfall for President Trump and His Cabinet -

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'Using public financial disclosures, this column attempts to gauge the size of the windfall that Trump & his Cabinet will receive from just 2 of the major tax cuts benefitting the wealthy in his plan, that  the GOP is selling as  a small-business tax cut, but is actually a huge new loophole for  corporations and the 'passthrough' businesses  of millionaires & billionaires, such as: Donald Trump  (whose  Organization gets $10 billion annually  from  more than 500 entities that are structured as 'passthroughs' for federal tax purposes;  Betsy DeVos  who owns Amway ( which reported $8.8 billion in sales in 2016);  & Jared Kushner who received $172 million in passthrough income in 2016. It gives nothing to the vast majority of small businesses. Also, this  tax plan eliminates the estate tax, giving a $240 billion windfall to the wealthiest people in America.'

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At www.americanprogressaction.org

 

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Susan Lee Schwartz Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

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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