Tuesday, 31 July 2018

Trump wants to hand a $100,000,000,000 tax cut to the super-rich, without Congressional approval

Trump finance secretary/supervillain Steve Mnuchin says he wants to unilaterally allow Americans to factor in inflation when calculating capital gains; the move would cost the US government $100 billion and 97% of that would go to the top 10% of US earners (66% would go to the 0.1% of US earners). (more…)