At a time when millions of everyday Americans are struggling with stagnant wages, Republicans decided to use the tax code to reward its contributors. Polls have shown that the Republican tax bill is deeply unpopular. Voters recognize it for what it is: a giant holiday gift to Wall Street and the super rich that the rest of us will be paying off for decades.
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AFR/TOWS Statement: Senate Republican Tax Bill a Gift to Wall Street
On Friday, Senate Republicans passed a bill with some $1.5 trillion in tax cuts, overwhelmingly weighted to the wealthiest Americans. The bill lavishes tax cuts on Wall Street banks, on executives who can manipulate their legal status to obtain a lower tax rate, and on operations in foreign tax havens. In contrast, ordinary Americans earning wages and salaries receive very limited benefits, and in many cases will see their taxes increased.
TOWS Statement: House Tax Bill a Gift to Wall Street
The Take on Wall Street campaign denounces the passage of a tax bill in the House of Representatives that would give Wall Street and the 1% over $1 trillion in tax breaks while leaving many middle-income Americans paying higher taxes, increasing the public deficit, and leading to deep cuts in important public services.
TOWS Statement: Groups Slam Tax Bills For Failure to Close Carried Interest Loophole
The Take on Wall Street campaign denounced the proposed tax bills for effectively preserving the carried interest loophole for Wall Street money managers, a loophole Trump promised to close during the campaign trail.
TOWS Statement: Tax Bill Would Give Wall Street Massive New Tax Breaks
The Take on Wall Street campaign denounces the just-unveiled tax bill as a giant giveaway to an industry whose reckless behavior led to a searing recession from which many Americans have not yet recovered.
Government Sachs and the Trump Administration
A new reports documents all the ways Goldman Sachs employees are using their high-level government jobs to push an agenda...
Billionaires Demand More Tax Breaks!
Making an appearance at a Senate Finance Committee hearing on the massive tax cut legislation now being debated, individuals from...
Donald Trump’s New Tax Loophole is Ripping Off His Supporters
Trump promised to rein in Wall Street billionaires. Instead, he’s giving them everything they want. Originally published on Other98.com...
Another Wall Street Bonus
By Bartlett Naylor, originally posted on CitizenVox. Thousands of bankers made millions of dollars causing the 2008 Wall Street crash, which...
State Action on Hedge Fund Loophole
By Sarah Anderson, originally posted on Inequality.org. The Illinois state senate is the first legislative body to pass a bill...