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

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Susan Lee Schwartz
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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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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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