The American System header image 1

The American System

28
Sep

September 27, 2017

September 28, 2017

One Week After Latest Hurricane, Bungling and Dawdling By Feckless Trump Administration Create Humanitarian Catastrophe in Twice-Stricken Puerto Rico; Prompt Action Needed; Trump’s Tax Plan Serves the Rich: Poorest Earners See 2% Rate Hike While Most Affluent Get 5% Cut; Standard Deduction Doubles But Personal Exemptions Disappear; Pass Through Entities Like Hedge Funds Get Sweetheart 25% Rate; Wall Street Banks Get 20% Rate Instead of 35%; In Boon for Ultra-Wealthy, Alternative Minimum Tax and Estate Tax Disappear; No Deduction For State and Local Taxes, Hitting Blue States