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Rolling Stone

Rolling Stone

Trump's Tax Plan Is Another Giant Boon for the Wealthy

Rolling Stone
Summary
Nutrition label

76% Informative

The tax cuts for those at the top from the tax law are more than triple the total value of the tax cuts received for people with incomes in the bottom 60 percent .

ExxonMobil received a $6 billion windfall in the first year of the Trump tax cuts.

The result exacerbated inequality and eliminated revenues that could otherwise have been used to support childcare, health care, energy justice, or other vital services.

The tax law not only expanded the gap between the rich and everyone else, but it also supercharged an already massive racial wealth divide between White households and households of color.

The next president will likely oversee a potentially massive rewrite of the U.S. tax code.

Dark money groups led by corporate executives who helped shape the original Trump tax law have launched campaigns to protect and expand their tax cuts.

The fossil fuel industry is one of the leading political funders this election cycle, giving almost entirely to Republican candidates and conservative causes.

But it is overwhelmingly devoted to the election of Donald Trump , giving more than almost any other industry in total direct campaign contributions.

Vice President Joe Biden's budget is a corporate boondoggle that props up the oil and gas industry.

VR Score

76

Informative language

72

Neutral language

35

Article tone

formal

Language

English

Language complexity

57

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

39

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