Good Read

[yyz]

https://www.forbes.com/sites/shahar...ame-as-2017-trump-tax-cuts-says-robert-reich/

 

[Old School]

Moreover, the tax cuts were and continue to be heavily skewed towards the rich. In 2018, households earning $1 million or more received roughly 16.5 percent of the total tax cut benefit, despite only being 0.4 percent of all tax filers, according to the Congressional Budget Office (CBO). By 2027, those million dollar or more households are projected to be 0.6 percent of all tax filers, but would get a staggering 81.8 percent of the total benefit from the tax cut bill.

?For most Americans, the proposed tax cuts are tiny and temporary,? Reich wrote in a blog post on his website. ?Meanwhile, the top 1 percent will get a gigantic tax cut. The Tax Policy Center estimates that the current plan will save the bottom 80 percent between $50 and $450 in taxes per year, but that it saves each person in the top 1 percent an average of $129,000 a year,? he added.

In other words, socialism for the rich.

:0003