How wealthy would gain at expense of others in GOP tax plan
Tuesday, 7 November 2017 () WASHINGTON (AP) — The House Republicans' tax-cut plan springs from a core argument: What's good for big business and the moneyed elite is inevitably good for the economy and everyone else. Their plan would slash corporate tax rates, end inheritance taxes for the ultra-rich and create new tax advantages for business owners. To help pay for some of those breaks, the plan would end tax deductions for college loans, high medical bills, moving costs and state and local income taxes. It would also add $1.4 trillion to the national debt over 10 years.
· *The Senate Finance Comittee reported the GOP tax plan, the Tax Cuts and Jobs Act, on Thursday.*
· *The approval came after a tense four-day markup of... Business Insider - BusinessAlso reported by •L.A. Times
In the Hamptons, brokers and buyers already have a workaround for a tax-plan provision under consideration in Congress that would take away the mortgage-interest... Denver Post - USAlso reported by •Business Insider
· *Top economic adviser Gary Cohn says the GOP tax plan going to have "trickle-down" benefits to middle-class Americans.*
· *But even if you were trying... Business Insider - BusinessAlso reported by •The Daily Reckoning