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Erin Burnett: Billionaires (private equity) just got a HUGE TAX BREAK. From 40% to below 30%
It’s one of the last minute amendments. These are not the billionaires who employ lots of people (like Bezos for example) so the arguments that this will somehow benefit working people (which is rather ridiculous all the time) is impossible to make. This is for guys who run private equity firms who happen to donate huge amounts of money to republicans. They just got a huge tax break with their rate going from 40% to below 30%. Yet another appalling amendment to this monster.
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