No one escapes the blame on why billionaires don't pay taxes.
How many democrats voted for Fat Nixons Tax Scam in 2017? How many actually go to read the 2,000 page bill for more than two hours before the vote?
How many democrats are in this picture of Fat Nixon celebrated his gift to the .01%?
"The Trump administration championed the pass-through provision as tax relief for "small businesses."Confidential tax records, however, reveal that Johnson's last-minute maneuver benefited two families more than almost any others in the country " both worth billions and both among the senator's biggest donors.Dick and Liz Uihlein of packaging giant Uline, along with roofing magnate Diane Hendricks, together had contributed around $20 million to groups backing Johnson's 2016 reelection campaign.
The expanded tax break Johnson muscled through netted them $215 million in deductions in 2018 alone, drastically reducing the income they owed taxes on. At that rate, the cut could deliver more than half a billion in tax savings for Hendricks and the Uihleins over its eight-year life.
But the tax break did more than just give a lucrative, and legal, perk to Johnson's donors. In the first year after Trump signed the legislation, just 82 ultrawealthy households collectively walked away with more than $1 billion in total savings, an analysis of confidential tax records shows. "