Trump’s Proposed Tax Overhaul Would Give Billions to Trump and Cabinet While Sparking Global “Tax War”
NOVANEWS
By Amy Goodman, Democracy Now!
As the Senate narrowly passes a budget bill that clears the path for a historic tax reform, we'll look at how President Trump's proposed tax overhaul would shower billions of dollars in tax cuts upon the wealthiest Americans -- including President Trump's family and members of his administration. An analysis by the Center for American Progress Action Fund shows President Trump's family and Trump's Cabinet members would, combined, reap a $3.5 billion windfall from the proposed repeal of the estate tax alone. Trump's plan would cap the tax rate on "pass-through income" at 25 percent -- a move that would also shower millions in savings upon millionaires and billionaires. We speak with economist James Henry of the Tax Justice Network and Puli...