Trump's Tax Overhaul Would Give Billions to Trump & Cabinet While Sparking Global "Tax War"
Democracy Now
October 23, 2017
As the Senate narrowly passes a budget bill that clears the way for a historic tax reform, we'll look at how President Trump's proposed tax overhaul would shower billions of dollars in tax cuts upon the wealthiest Americans - including President Trump's family and members of his administration.
An analysis by the Center for American Progress Action Fund shows President Trump's family and Trump's Cabinet members would, combined, reap a $3.5 billion windfall from the proposed repeal of the estate tax alone.
Trump's plan would cap the tax rate on "pass-through-income" at 25 percent - a move that would also shower millions in savings among millionaires and billionaires.
We speak with economist James Henry of the Tax Justice Network and the Pulitzer Prize-winning journalist David Cay Johnston, whose latest piece is titled: "Nine Reasons Trump's Tax Plan Will Hurt You"
Watch full show - Read transcript:
http://www.democracynow.org/2017/10/23/trumps_proposed_tax_overhaul_would_give
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"Trump's Proposed Tax Overhaul Would Give Billions to Trump & Cabinet While Sparking Global "Tax War"
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"51 GOP Senators Just Voted to Cut $1.5 Trillion from Medicare and Medicaid"
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