Just to be sure that no wealthy taxpayer is left behind, the Tax Act destroys the Alternative Minimum Tax.
Part III: The Fake Claims, Debunking the Myths
Posted inMoney, Politics, and Power
A Lost Opportunity to Help Small Business
For Main Street small businesses, the benefits of the Tax Act are peanuts. Nearly half of all the savings go to people making over $1 million a year.
Posted inMoney, Politics, and Power
Why the Tax Act Will Not Boost Investment
Will lower corporate taxes generate an investment boom? The evidence suggests not.
Posted inMoney, Politics, and Power
The Curse of Stock Buybacks
For the past three decades, the overriding priority of American corporations has been paying their shareholders. That’s just what they’ve done with their tax cut.
Posted inMoney, Politics, and Power
Raises and Bonuses: The PR Fraud
Republicans and corporations tried to convince Americans that their employees would be rewarded. But only 4 percent of workers have gotten bonuses or raises.