Trump's Tax Cuts Benefit Wealthy
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tax cutsRolling Stone
•Trump's Tax Plan Is Another Giant Boon for the Wealthy
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
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35
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English
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27
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