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Trump, GOP get failing grades on new tax law

 


This is the time of year for final report cards, so it’s a good time to grade President Trump and congressional Republicans on their massive tax cuts mostly benefiting the wealthy and corporations. Six months after enactment, their new tax law is seriously underperforming, failing to achieve passing marks in one important subject after another.

Tax Fairness: Once the law is fully phased in, 83 percent of the benefits will go to the wealthiest 1 percent. Those one-percenters will get an average tax cut of over $50,000 this year. Folks making under $86,000 — the bottom three-fifths of the...



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