Workers barely benefited from Trump’s sweeping tax cut, investigation shows



Below is an extract of a post published on Guardian titled "Workers barely benefited from Trump’s sweeping tax cut, investigation shows"

Scroll down to the bottom of this article and tap the read article button to visit the Guardian post directly and give your opinion.

Donald Trump
Make america great again.
- Donald Trump.


Dwight D. Eisenhower
What counts is not necessarily the size of the dog in the fight. It's the size of the fight in the dog.
- Dwight D. Eisenhower.


Theodore Roosevelt
The best executive is the one who has sense enough to pick good men to do what wants done, and self-restraint to keep from meddling with them while they do it.
- Theodore Roosevelt.


George Washington
Discipline is the soul of an army. It makes small numbers formidable; procures success to the weak and esteem to all.
- George Washington.



America 1st Girl is a Blog by Conservative Artist Cara Sky.

Essentially i Blog on all things Donald Trump and on occasion post my own Art.

I curate Donald Trump articles and notable Tweets on your behalf from all over the web into one easy site for you to browse without trolling through hundreds of different sites or posts.

America 1st Girl is not affiliated with the journalist or Twitter user who published the original article or Tweet, nor is she responsible for any affiliations the journalist or Tweeter user in question may hold.

Everything here on America 1st Girl is Donald Trump related from Media to Podcasts, Forums, Blogs and Fan groups.


Via: Guardian

Big companies drove the 2017 Tax and Jobs Act, but did not commit to any specific wage hikes, the Center for Public Integrity found Big companies drove Donald Trump’s tax cut law but refused to commit to any specific wage hikes for workers, despite repeated White House promises it would help employees, an investigation shows. The 2017 Tax and Jobs Act – the Trump administration’s one major piece of enacted legislation – did deliver the biggest corporate tax cut in US history, but ultimately workers benefited almost not at all. During the process deficit hawks who opposed adding any more to the existing $20tn in US debt, and who insisted on any tax cut having “revenue neutrality”, hemmed and hawed and finally folded, as one commentator put it, “like a cheap suit”. Still, some Republicans used $1.5tn in accounting devices to either hide the true cost of the bill or help justify their votes. One idea on the table for nearly six months was a so-called Border Adjustment Tax, which would have raised $1tn and largely paid for the tax cuts. But members of the Senate belittled it, saying it would never fly because it was opposed by a coalition of huge retailers. They were right. But when the border tax was abandoned, Congress had no plan B to offset the huge tax cuts. The bill was drafted in secret, partly to keep it from Congress’ own members who, it was feared, would leak it to lobbyists. Those crafting the bill worried that if the contents of their drafts leaked out, lobbyists would go to work gutting the bill. Hearings on the legislation were reduced to a bare minimum. Read the full investigation on the Center for Public Integrity’s website. Peter Cary and Allan Holmes are reporters at the Center for Public Integrity Continue reading…


Workers barely benefited from Trump’s sweeping tax cut, investigation shows

Search:

close