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
Now Playing
24 Horas en el mundo
Next Program
- Desde Mi Habana
- La Trova Cubana
- Un lugar para la poesía
More Views
- Ecuador hands over Galapagos Islands to build U.S. military base
- Speech by President Miguel Díaz-Canel Bermúdez at the March of the Combative People
- Cuba is planning the establishment of a National Drug Observatory
- More than one million illegal settlers run for bomb shelters after Yemeni missile strikes Tel Aviv metropolitan area
- Huge march on Havana's Malecon passes in front of U.S. Embassy, demanding end to Washington's blockade of the island
