Only one group stands to benefit from massive tax cuts, and it's not American workers.
Trump and congressional Republicans are engineering the largest corporate tax cut in history in order “to restore our competitive edge,” as Trump says. Our competitive edge? Who’s us? Most American corporations – especially big ones that would get most of the planned corporate tax cuts – have no particular allegiance to America.
By Robert Reich / RobertReich.org Trump’s budget isn’t just about massive tax cuts for rich and major cuts in assistance for the poor. He also wants to roll back civil rights.
A huge windfall for corporations and a huge burden on ordinary Americans. Trump wants to cut the corporate tax rate from 35 percent to 15 percent, in order to “make the United States more competitive.” This is truly dumb, for 5 rea...
By Robert Reich / RobertReich.org Trump wants to cut the corporate tax rate from 35 percent to 15 percent, in order to “make the United States more competitive.”
GOP tax bill cost estimate keeps rising WASHINGTON — With a final tax overhaul bill in hand, congressional Republicans say they have enough votes to pass legislation next week and deliver a major victory for themselves and President...