Washington, November 3 (RHC)-- U.S. President Donald Trump and Republicans in the House of Representatives have unveiled a long-promised proposal to reform America’s tax code that experts say is really more of a tax cut for the rich.
The bill introduced Thursday would permanently lower the corporate tax rate from 35 percent to 20 percent and also repeals the inheritance tax on multimillion-dollar estates.
An analysis by the Joint Committee on Taxation said the bill is heavily weighted toward business, which would receive about two-thirds of an estimated $1.5 trillion in cuts.
Republicans Unveil Tax Bill That Would Shower Billions upon Rich
Facebook
Twitter
Pinterest
Telegram
Linkedin
WhatsApp
Related Articles
Commentaries
MAKE A COMMENT
All fields required
More Views
- Granma seeks alternatives to continue classes in earthquake-affected centers, with teachers offering their homes
- Annual solidarity conference of National Network on Cuba underway in U.S. city of Detroit, Michigan
- World Bank reports Israel’s aggression inflicts $8.5 billion in economic losses on Lebanon
- Cuba denounces and warns of indiscriminate Israeli attacks in Damascus and Beirut, including near Cuba's diplomatic headquarters
- Africa: International conference in Niger supports anti-imperialist struggle of Sahelian peoples
