Economy

Trump Administration Mulls a Unilateral Tax Cut for the Rich – The New York Times

A proposal under consideration at the Treasury Department would bypass Congress and use federal regulation to index capital gains for inflation, a $100 billion boost for high earners.

Source: Trump Administration Mulls a Unilateral Tax Cut for the Rich – The New York Times

“Independent analyses suggest that more than 97 percent of the benefits of indexing capital gains for inflation would go to the top 10 percent of income earners in America. Nearly two-thirds of the benefits would go to the super wealthy — the top 0.1 percent of American income earners.”

Yet another attack on working class families. This is not Republicans versus Democrats. It is the wealthy looking to get wealthier at the expense of middle class and struggling families. As your Representative I will fight for a fair tax system that levels the field for our working families and the businesses they support.