Republican tax reform: All power to the billionaires!
NOVANEWS
By Daniel Sankey+
A Republican dominated Congress has just approved a massive rewrite of the current tax code that will end up giving approximately $1.5 trillion dollars in tax cuts to the wealthiest corporations in the United States over the next 10 years. In order to make up this huge loss of revenue to the federal government, Congress will dramatically increase the tax obligations of working people.
This is the most significant transfer of wealth since Reagan initiated his tax plan in 1986. Whole communities will be transformed and devastated, income inequality will continue to deepen, and corporations will get even wealthier. This is the world the U.S. Congress is seeking to create.
One would expect such a massive change in our society to have been accompanied by a long an...