“Republicans could have closed the carried interest loophole. Not only did they not do that, but the GOP bill opens up another tax break for private equity that didn’t previously exist. The private equity lobbyists win again.”
-tax expert quoted in this piece:
-tax expert quoted in this piece:
Reposted from
Greg Sargent
Remember how the media credulously reported that Trump wants to raise taxes on the rich? Guess what: Buried in the House GOP bill is a provision that would create a new and expanded tax break for exactly those types of wealthy investors.
New piece from me:
newrepublic.com/article/1952...
New piece from me:
newrepublic.com/article/1952...
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(I cover politics and social issues, focusing on fighting fascism and raising awareness about key injustices. Please follow me if interested!)
https://en.wikipedia.org/wiki/Terry_Pratchett