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Category: Economy

A New Report Shows Just How Much the Republican Tax Plan Benefits the Richest Americans

Tom/CQ Rollcall/Newscom/ZUMA Looking for news you can trust?Subscribe to our free newsletters. Over the weekend, President Donald Trump said the final Republican tax plan will offer “one of the great Christmas gifts” for the country’s middle class. But according to a new analysis released Monday, the bill really stuffs the stockings of the richest Americans—now and in…

Republicans Only Circulated Their 500-Page Tax Bill Hours Before the Vote. Read It Here.

J. Scott Applewhite/AP Looking for news you can trust?Subscribe to our free newsletters. On Friday, Republican lawmakers spent hours scrambling to rewrite its sweeping overhaul of the tax code. Now, it appears that the new 479-page bill is finally circulating, nevermind that it’s just hours before the Senate is expected to vote on it. Unsurprisingly, Democratic lawmakers aren’t thrilled about it.  Here’s…

The Environmental Disaster Tucked Into the Tax Bill

The Arctic National Wildlife Refuge (ANWR)fazeful/Getty The Arctic National Wildlife Refuge—recognized for its picturesque vistas and wildlife—has been a battleground for Democrats and Republicans for years. The 20-million-acre park sits above large oil and gas reserves, which Republicans, including Sen. Lisa Murkowski (R-Alaska), have eyed as a huge source of revenue for the state. Several…

Elizabeth Warren Just Sent a Scathing Letter to Treasury Secretary Steve Mnuchin About His Tax Bill Charade

Sen. Elizabeth Warren, D-Mass., questions Treasury Secretary Steve Mnuchin during a Senate Banking Committee hearing earlier this year. Tom Williams/CQ Roll Call via AP Images Update: On Thursday night, the Treasury Department’s Inspector General’s office launched an inquiry into whether the department performed an analysis of the Senate tax bill. The Inspector General’s office counsel…