Guardian - Donald Trump and six members of his inner circle will be big winners of the Republicans’ vast tax overhaul, with the president personally benefiting from a tax cut of up to $15m a year, research shows. The US president chalked up his first big legislative win on Wednesday with the $1.5tn bill, the most sweeping revamp of the tax code in three decades, slashing taxes for corporations and the wealthy and dealing the heaviest blow yet to Obamacare.
But analysis by a leading Washington thinktank, the Center for American Progress, finds that changes to business rules will save Trump roughly $11m to $15m per year, while an amendment to the estate tax – the tax on the transfer of an estate of a deceased person – would potentially save his heirs $4.5m.
1 comment:
What a travesty the Trump administration is, not to mention the absolutely undemocratic Congress that only gives the people a deaf ear. I can only hope that all voters, regardless of party affiliation take a look at their Congressman's voting history, and not vote for any in Congress that voted against the interests of the people.
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