The GOP’s Incredible Christmas Gift To Corporations

photo image of hand offering Christmas stocking brimming with gifts to an individual not seen in image

GOP and President Trump play Santa to Corporations and One Percenters President Donald Trump called the recently-passed tax bill “an incredible Christmas gift” for middle-class Americans. In reality, the tax bill takes money from the pockets of middle-class Americans and gives it to corporations. Anyone who claims the tax bill primarily benefits the middle class is spreading falsehoods. With the new bill, the tax rate for corporations is reduced from 35 percent to 21 percent. That makes a total reduction of 40 percent from what they were paying earlier. Other…

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Too Good To Fix: Why The Tax Bill Was Not Necessary Right Now

By Janice Barlow THE REPUBLICANS are celebrating a Christmas present of one of the most sweeping tax cuts in the history of the country. The biggest benefactors are corporations, whose tax rates were cut from 35 percent down to 21 percent, a slash of 40%. Other specific areas have been dramatically changed, such as a child tax credit increase from $1,000 to 2,000 (and from $1,000 to $1,400 for those who pay absolutely no taxes at all). However, the individual exemptions for each person in a household are totally gone…

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