Wealthy people got enormous benefits from the Trump tax cut but that’s not enough for Republicans. Trump keeps lying and saying the estate tax was already completely eliminated. Sad!
Ending the estate tax would give a tax break of up to:
— Warren Gunnels (@GunnelsWarren) January 28, 2019
– $63.6B for the Walton family, the owners of Walmart
– $39.1B for the Koch brothers
– $27.8B for the Mars candy bar family
– $13.4B for the Cox cable family
– $0 for more than 99.8% of Americans https://t.co/QCtAlcjzZ3
Since Trump's tax cuts went into law:
— Robert Reich (@RBReich) January 28, 2019
1) Wages have remained flat, adjusted for inflation.
2) The deficit has exploded.
3) Businesses didn't reinvest their savings.
Mitch McConnell's solution: Eliminate the estate tax for America's super rich, sending us deeper into debt.
Almost every time Trump talks about the estate tax, he lies that he's already eliminated it. "We got rid of it, folks," he told the American Farm Bureau convention two weeks ago. https://t.co/DHEUaIKvPN
— Daniel Dale (@ddale8) January 29, 2019
Stunning. Estate tax is ZERO for about 99.9%. ZERO. Only hits 1700 couples yearly who leave estates OVER $22.4 million to heirs. Yet, Senate GOP calls for repeal – at cost of over $100 Billion for these wealthiest estates. Poor children can just eat cake. https://t.co/0YgdEzGviC
— Gene Sperling (@genebsperling) January 28, 2019
Why wasn't the estate tax fully eliminated in the Trump tax bill? Here's why –> two words in the GOP tax bill mean tens of billions for the superwealthy https://t.co/sHcm0R4omS
— Glenn Kessler (@GlennKesslerWP) January 29, 2019
How many columns were written asking how Senators Thune and Grassley plan to pay for their estate tax repeal and questioning whether the GOP has become unrealistic?
— Matthew Yglesias (@mattyglesias) January 31, 2019
Sad! 