The Trump administration is considering bypassing Congress and giving a $100 billion tax cut to the rich. Experts say 97 percent of the benefits would go to the richest 10 percent of Americans and that nearly two-thirds of the benefits would go to the ultra-rich—the top 0.1 percent of Americans. The proposal comes after President Trump pushed through a highly unpopular $1.5 trillion tax cut last year, which overwhelmingly benefited big corporations, multimillionaires and private equity managers.
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