The House "Tax Cuts and Jobs Act" should have been called the "C

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Wildwood Crest - The House "Tax Cuts and Jobs Act" should have been called the "Cut Cut Cut Act" like Trump insisted. He certainly knows that the first "Cut" of inheritance tax elimination in six years will mean billions going to his heirs. His second "Cut" of eliminating the Alternate Minimum Tax (AMT) will save him millions as he will not be impeded from circumventing maximum loophole and write-off gimmick abuse the AMT prevents. The third "Cut" of business "pass-through" company tax rates from 35 percent to 20 percent benefits his empire of more than 500 "pass-through" companies and corporations reaping millions. Jobs?

Print Publication Date: 
11/15/2017
Topic: