Saturday, November 11, 2017

GOP Plan Retains Tax Break for Golf-Course Owners

Donald Trump repeatedly promised that he would not benefit from his own tax plan. Congressional Republicans repeatedly pledged that they would finance a “middle-class tax cut” by closing “special interest” loopholes — especially those that benefit the affluent. These were always transparent lies.
From the beginning, it was clear that the GOP plan would deliver a windfall to the Trump family, through its abolition of the estate tax, a giant cut in the rate for pass-through companies (like the Trump Organization), and a massive reduction in the corporate tax rate (which will primarily benefit wealthy shareholders). Meanwhile, the Republicans never did much to conceal that their plan would deliver more benefits to their preferred special-interest groups than to the middle class.
Still, few could have anticipated just how gratuitously the Tax Cuts and Jobs Act violates the president’s promises to the American people. Pretending that corporate tax cuts produce huge wage gains for middle-class workers is one thing. But ending deductions that benefit veterans, indebted students, orphans, and people who suffer from rare diseases — while preserving one that benefits owners of golf courses — requires almost superhuman chutzpah.
And this is an excellent job:

Rep Susan DelBene shows in 2min 30secs that new tax plan favors corporations over people

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