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The tax bill that the GOP is celebrating leaves most of America worse off than they were last year, and will be financed by borrowing more money.
Check the chart to see what your family gets. Don’t have a six-figure income? “You want more do you, Oliver? MORE you say?”
I forgot to mention, they will be borrowing the money for this from (wait for it) … China.
When you add it all up, the ultra-rich get 80% or so of the proceeds. So tell me again how a tax break that increases their cash by 5% is gonna make the rest of us prosper? Inflation was 2% this year, that means unless you make more than $500,000 a year, your tax benefit still leaves you worse off than last year. America, you are being played!
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