On the recordDecember 19, 2017
The world's biggest corporate tax dodgers get the most out of this bill: a 40 percent reduction in the corporate tax rate and the right to bring back those profits they have hidden in Caribbean hideaways for pennies on the dollar. Another loophole will encourage jobs in America to be exported abroad, a long commute to work if the job is in Europe or in Asia. Of course, they have camouflaged this corporate tax giveaway with some changes for individuals. Who gets those? Well, it is a Who's Who of not you: the Trump family, real estate moguls, and their millionaire buddies. Disguised as a middle-class tax relief, this wretched bill targets the middle class with a dime of every dollar that is in the bill. What most Americans will really get is more debt and the coming cuts that these Republicans will insist on making to Medicare, Medicaid, and educational opportunity. Tax fraud is criminal, but passing this fraudulent tax bill apparently is not.
