Tag Archives: Trump tax cut

McCain reportedly confirmed his opposition – and also that the bill in its current form is DOA – during an interview with Fox Business’s Charlie Gasparino.… And at this rate, it’s unclear if the plan in its current form will even pass the House.... That didn't take long. Zero HedgeJohn McCain Confirms: Tax Reform Is "DOA In The Senate" Tyler Durden

A Trump administration staffed by plutocrats – most of whom gained their wealth from rent-seeking activities, rather than from productive entrepreneurship – could be expected to reward themselves. But the Republicans’ proposed tax reform is a bigger gift to corporations and the ultra-rich than most had anticipated. Best line: "Trump assumed office promising to “drain the swamp” in Washington, DC. Instead, the swamp has grown wider and deeper. With the Republicans’ proposed tax reform, it...