Archive

Category: Income Inequality

Trump Just Signed a $1.5 Trillion Tax Cut for the Rich. Here’s How We Could Have Spent That Money.

Mike_Kiev/iStock/Getty Images Looking for news you can trust?Subscribe to our free newsletters. President Donald Trump signed the sweeping Republican $1.5 trillion tax bill on Friday morning, ballooning the country’s deficit in order to cut taxes for corporations and America’s wealthiest households, including the president’s. Here are a few other things that sum—or far less—could have funded:  When…

Donald Trump’s Tax Cuts Will Save Him Millions of Dollars

Donald Trump at his Trump Tower office in New York in 2013Dan Hallman/AP Looking for news you can trust?Subscribe to our free newsletters. Many of the arguments that Republicans have used to sell their tax bill are completely implausible. There is overwhelming reason to believe, for example, that the tax cut won’t pay for itself. Then there’s President Donald…

These 6 Jaw-Dropping Charts Show Just How Much Rich People Will Gain From the GOP Tax Bill

DeanDrobot/iStock Looking for news you can trust?Subscribe to our free newsletters. On Wednesday, House Republicans approved a sweeping $1.5 trillion tax bill that’s deeply unpopular among Americans. The bill now just needs President Donald Trump’s signature to become a law. Recent analyses by the Tax Policy Center and Joint Committee on Taxation agree: The Republican tax plan…