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“Time and the world do not stand still. Change is the law of life.” John F.Kennedy

How an Unequal Tax Bill Grew More Unequal

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Washington Post: “When Senate Republicans introduced their tax bill in mid-November, they faced competing interests: Some senators thought it wasn’t generous enough for working-class families.

Others thought it didn’t deliver enough to business owners.”

“As Republicans moved closer to a final vote on the bill Friday night, they made several tweaks to the tax legislation. They announced more benefits for business owners, particularly wealthy ones, but they voted down a proposal by Sens. Marco Rubio (R-FL) and Mike Lee (R-UT) to give low-income families a bigger tax break.”

“The disparate treatment underlined how the legislation — a massive rewrite of the individual and corporate tax code — has evolved since its first incarnation: What began as an effort that would favor wealthy individuals and corporations became, in many ways, even more tilted in their favor as the legislation made its way through the Senate.”


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Posted on 02.12.2017 16:56
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