This is outrageous.
The billionaires, big banks, and powerful corporations got a $1.5 trillion tax break last year, thanks to the GOP Tax Scam.
Now the Trump administration is planning ANOTHER $100 BILLION tax giveaway – without the approval of Congress – and most of the benefits are going to billionaires and huge corporations.
Treasury Secretary Steve Mnuchin is planning to slash capital gains taxes – taxes on the profits made from selling assets like stocks or bonds – for some of the wealthiest people on the planet.
That’s pretty rich coming from a guy who personally collected $124 million from investments and stock sales last year.
When the rich and powerful don’t pay their fair share, our government doesn’t have the money to invest in education, infrastructure, or even basic medical research. If Mnuchin and Donald Trump get their way, American workers will suffer while wealthy investors get even richer.
We need to level the playing field – not hand out bigger breaks to the people at the top.