Send a Tweet
Most Popular Choices
Share on Facebook 3 Share on Twitter Printer Friendly Page More Sharing
Best Web OpEds    H3'ed 10/27/17

Trump's $700 Billion Gift to Wealthy Foreigners -

Quicklink Submitted By     (# of views)   2 comments
Author 40790
Follow Me on Twitter     Message Susan Lee Schwartz
Become a Fan
  (23 fans)

TRUST THE LIES NOT THE 'TRUTH' | black and white | Thomas Guest ...1024 ├-- 580 - 341k - jpg
TRUST THE LIES NOT THE 'TRUTH' | black and white | Thomas Guest ...1024 ├-- 580 - 341k - jpg
(Image by flickr.com)
  Details   DMCA

'35% of U.S. equities are now owned by foreigners; what this means is that around 35% of a tax cut-- $700 billion over the next decade — wouldn’t go to Americans. It would be a windfall to wealthy foreigners, who would probably gain a lot more from the tax cut than U.S. workers. The administration claims that all of this tax cut will be passed on to workers in the form of higher wages. In fact, it claims that the wage gains from the tax cut will be several times as large as the revenue loss The budget resolution the Houseand Senate passed over the last week called for cuts of $1 trillion in Medicaid and almost half a trillion in Medicare.Oh, and we don’t know exactly how upper-middle-class taxpayers will be punished — will they lose their deduction on state and local taxes, some of their tax breaks on retirement accounts, or something else?'

Read the rest of the story HERE:

At www.nytimes.com

 

Must Read 2   Well Said 1   News 1  
Rate It | View Ratings

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...)
 

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
Name
Email
   (Opens new browser window)