Tag Archives: Institute on Taxation and Economic Policy

With Most Benefits Going to Rich, ‘Reckless and Stupid’ GOP Tax Scam 2.0 Could Cost $3 Trillion Over Ten Years

“Think how many kids we could put through college, roads we could pave, families that could get child care, seniors that could get help with prescription drugs with that much money. Shame!”

By Jake Johnson, staff writer for Common Dreams. Published 9-11-2018

Tax reform press briefing October 31, 2017. Screenshot: YouTube

In their latest “reckless and stupid” bid to deliver massive rewards to ultra-wealthy Americans, House Republicans on Monday introduced three pieces of legislation that make up the GOP’s so-called “Tax Reform 2.0” package.

But with less than two months to go before crucial midterm elections, early estimates indicate the GOP’s proposals would blow a nearly $3 trillion hole in the federal budget over ten years while sending the vast majority of the benefits to the top. Continue reading

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