A congressional committee reports tax provisions in the coronavirus stimulus passed by Congress last month will overwhelmingly benefit the wealthiest Americans. Four out of five tax filers benefiting from the $70 billion temporary tax loophole are millionaires or billionaires. They’ll receive an average windfall of $1.6 million — dwarfing the $1,200 payments for working Americans.
Tax Loopholes in Coronavirus Relief Bill to Overwhelmingly Benefit the Wealthiest
HeadlineApr 16, 2020