11-20-2017, 06:17 PM
And the winner is....
Quote:President Donald Trump and his fellow Republicans insist a majority of Americans will benefit from the tax cuts they’re pushing through Congress. But they’re describing that majority wrong. The biggest winners from big tax-cut legislation Congress could pass by the end of the year will be the shareholder class — people who own stocks and stakes in privately held companies. That’s because roughly 75% of the $1.5 trillion in net tax cuts being proposed would accrue to businesses. Wealthy families would get an additional break from killing the estate tax, leaving less than one-fourth of the net tax cut flowing directly to individual taxpayers — and even less to the middle class.Big winners from the Trump tax cuts: the shareholder class