This is why Republicans have not been using it to get votes in the election – the public knows it helped their rich donors and not regular people.\
It’s all legal, too and Trump has made it easier for real estate tycoons to avoid taxes.
From the article:
“The White House last year championed a sweeping revision of the nation’s tax laws that expanded many of the benefits enjoyed by real estate investors, allowing them to reap even larger deductions.
“The Trump administration was in a position to clean up the tax code and promised to get rid of some of the complexity that certain taxpayers use to their advantage,” said Victor Fleischer, a tax law professor at the University of California, Irvine. “Instead, they doubled down on those provisions, particularly the ones they have familiarity with to benefit themselves.””
This is one reason we need to see Trump’s tax returns.
Here’s an example of how he did it. Notice he even got a refund!
Sad!
from the article (emphasis is mine):
“The tax cuts that President Trump signed into law last year are disproportionately helping white Americans over African-Americans and Latinos, a disparity that reflects longstanding racial economic inequality in the United States and the choices that Republicans made in crafting the law.”
Sad!
Hopefully, the Senate won’t pass them.
Lots of people said this would happen.
This would add a lot to the deficit. Their first bill already has and is not popular because the public know it primarily helped the wealthy. Republicans only care about the deficit when Democrats want programs that would help people.
Sad! 