December 18, 2017

Three ways bad

For a quick look at what's bad in the #taxscam bogus tax reform that seems ready to slide through Congress, all you have to do is take a look at three charts here that show how it will:

*increase pre-tax inequality;

*make the tax system more regressive, meaning that people with lower incomes will pay a higher percentage of their income; and

*raise after-tax income for the top 10 percent of income at the expense of the bottom 90. Most of the benefits will go to the wealthiest 0.1 percent.

I guess this is what happens when money trumps democracy.

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