Trump notches first big legislative win with tax cut bill — but it's far from his populist promises – LA Times - News Summed Up

Trump notches first big legislative win with tax cut bill — but it's far from his populist promises – LA Times


An analysis by the Tax Policy Center found the most benefit would go to the super-rich, with the disparity in benefits growing wider a decade from now. That's because the individual income tax cuts expire, while most corporate tax reductions are permanent. Next year, 5% of taxpayers would pay higher taxes; 9% would pay more in 2025; and a full 53% would pay more in 2027.


Source: Los Angeles Times December 21, 2017 00:33 UTC



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