#TaxScam #DonTheCon #EndCorporateWelfare “Massive corporations are “flush with leftover cash” and Wall Street banks are raking in enormous profits. CEOs and the wealthiest Americans are getting even richer. Average workers are seeing crumbs.
That is the state of the American economy on the one-year anniversary of the passage of the GOP’s $1.5 trillion dollar tax scam, which Americans for Tax Fairness said on Tuesday will go down as “one of the biggest transfers of wealth to the richest one percent in U.S. history.”
Contrary to President Donald Trump’s soaring promises and outgoing House Speaker Paul Ryan’s (R-Wis.) characterization of the tax law as a tremendous victory for ordinary Americans in his newly released “docu-series,” tax policy experts and progressives argued on the tax law’s first birthday that the plan has done virtually nothing for the working class, while making the wealthiest Americans and largest corporations tremendously richer.” (jn)
“A year later, we can safely say that Republicans’ tax overhaul was a huge payoff to donors, and a scam for average Americans.”