You turn to us for voices you won't hear anywhere else.

Sign up for Democracy Now!'s Daily Digest to get our latest headlines and stories delivered to your inbox every day.

Republicans Unveil Tax Bill That Would Shower Billions upon Rich

HeadlineNov 03, 2017

President Trump and Republicans in the House have unveiled a long-promised proposal to reform America’s tax code that experts say is really more of a tax cut for the rich. The bill introduced Thursday would permanently lower the corporate tax rate from 35 percent to 20 percent and also repeals the inheritance tax on multimillion-dollar estates. An analysis by the Joint Committee on Taxation said the bill is heavily weighted toward business, which would receive about two-thirds of an estimated $1.5 trillion in cuts.

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation
Top