Opinion: Trump handed big business a massive tax cut, and all he got in return was embarrassment. By lopezlinette.
One would think after Trump handed his friends in corporate America a big tax windfall they would return the favor and contribute substantially to US economic growth; but instead there was almost no boost in investment despite the fact that a study from theA swarm locusts, a plague of frogs
To add insult to injury, it isn't just that big business took its gains from the tax cut and didn't reinvest them in the US economy, it's that it took them and decided those gains weren't nearly enough. The moment the tax law was passed corporate America started demanding even more tax benefits from the Trump administration, according to a report fromFirst you have to understand that, in theory, the law represented something of a deal between the government and corporate America.
But again, that deal wasn't enough for corporates. After the tax law passed in 2017 their lobbyists descended on the US Treasury like a biblical plague. You see, while Congress had written the new law, the Treasury had to write the rules for actually implementing the tax changes.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US allies' response to Trump Iran attack shows him alone on world stage - Business InsiderThe United States' traditional allies have refused to give their full backing to Trump's strike against Iranian Maj. Gen. Qassem Soleimani.
Read more »
Soleimani fought Trump with 'Game of Thrones' memes before airstrike - Business InsiderBefore the Iranian Major General Qassem Soleimani got his Instagram account suspended, he posted memes in retaliation to Trump's.
Read more »
Tucker Carlson ripped Republicans for Iran conflict, not Trump - Business InsiderFox News host Tucker Carlson questioned why some elected officials are promoting military acts against Iran instead of focusing on internal problems.
Read more »
Soleimani's body arrives in Iran as Trump issues new threats - Business InsiderGeneral Qassem Soleimani's body arrives in Iran as Trump issues new threats to target 52 Iranian sites 'VERY FAST AND VERY HARD'
Read more »
President Donald Trump Tweetstorm – The Saturday EditionPresident Donald Trump has no public events scheduled today as he enjoys the Florida sunshine at Mar-a-Lago and the Trump International Golf Course. The President managed to eke out one tweet befor…
Read more »
President Trump To Attend National Championship in New Orleans, Reports SayPresident Donald Trump is reportedly heading to the championship game!!!
Read more »