“G.O.P. Tax Bill May Hurt the Lowest Earners and Help the Richest” [New York Times]

“G.O.P. Tax Bill May Hurt the Lowest Earners and Help the Richest” [New York Times]

The Republican “mandate,” as outlined in their big, ugly bill: Raise taxes on hardworking people making less than $51,000 per year Give a massive – $389,000 – handout to billionaires in the top 0.1% Force 13.7 million Americans off their health insurance Take 3 million Americans off food assistance programs Decrease $30 billion in revenue for America’s farmers “Under each of those changes, millions of Americans stand to lose access to feder…

House Tax Bill Would Encourage Dynastic Wealth Hoarding by Further Weakening the Estate Tax

The sprawling tax and spending bill before the House of Representatives would cut more than $200 billion from food assistance, potentially affecting 4 million children and 7 million adults, while providing an estate tax cut costing roughly the same amount to a few thousand people who will leave behind more than $7 million to their heirs. The bill would increase the estate tax exemption to $15 million for single people and $30 million for couples…

Cathy Galle is a journalist. As the wealth gap continues to widen, according to a new report, the government should really get to work on a proper...