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Alternative Visions – ‘Trump Tax Cuts 2.0: Facts, Ideology & Consequences’ – 11.03.17

Dr. Rasmus dissects the just announced US House of Representatives’ version of the Trump Tax Cuts. The ‘tax cut shell game’ is explained. The main elements of the business tax cuts under the House proposal are described, including corporate rate, virtual ending of US multinational offshore taxation, retention of carried interest, inversions, and other business deduction tax loopholes. Personal income …

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Andrea Germanos – Obamacare Repeal = $7 Million Tax Cut for Nation’s Richest 400 People

Repealing Obamacare, which Republicans on Friday appear closer to doing, would deliver a sizeable tax cut for the rich, a new report shows. Released Thursday by the Center on Budget and Policy Priorities (CBPP), the publication shows that the repeal would give to each of the top 400 highest-income taxpayers—who averaged incomes of roughly $318 million in 2014—a tax cut …