Tax Cuts – Coconino County Democratic Party

Tax Cut “Nothing Burger”

Steve Chapman, Chicago Tribune Decades from now, many Americans will have to consult history books to gain an appreciation of the lowest point of Donald Trump’s presidency: His impeachment. But they will be able to feel the effects of his highest point: the 2017 tax bill, which he signed into law two years ago Sunday. That’s because they […]

Tax Scam – New Evidence

We’ve written before how the benefits of Trump’s 2017 tax cut flowed mostly to the rich. Now we have some new numbers and one startling example. “In the 2017 fiscal year, FedEx owed more than $1.5 billion in taxes. The next year, it owed nothing. What changed was the Trump administration’s tax cut…” NYTimes A New […]

More Data on the #TaxScam

Data continues to roll in proving that the Republican Tax Scam pushes money to the wealthy. Previously, we reported on the Morgan Stanley study. Now, Bank of America/Merrill Lynch has released data showing that fewer than 45 of the Standard & Poor’s 500 companies have paid out cash bonuses to their employees since the new […]

Democrats Propose Funding for Infrastructure with a Better Tax Plan

#Ever since Republican’s crammed their tax bill down Americans’ throats at the end of 2017, they have been looking for ways to pay for the $1.5-$2.1 trillion dollar deficit that their new law is projected to create. House Speaker Paul Ryan has his eye on cutting Medicare, Social Security, and Medicaid. Trump plans to gut […]

Take Action: Stop the Tax Bill

(This article has been updated with additional information and references.) Republicans plan to ram a tax bill through Congress before Thanksgiving. We need to give this as much protest as we gave to their efforts to repeal the Affordable Care Act. Call, write, and fax every day between now and Thanksgiving. Never before has a […]

GOP Tax Plan: Just Another Scam

Trump tapped two former Wall Street executives, Steven Mnuchin and Gary Cohn, to secretly craft a tax plan and force a partisan vote without the American people knowing how much they’ll be harmed. This plan was written by Wall Street, for Wall Street. Trump is blatantly lying about his tax plan that would overwhelmingly benefit […]

Arizona Heads the Way of Kansas Thanks to Republican Corporate Tax Cuts

PHOENIX (AP) — The Arizona Legislature’s budget analysts on Thursday predicted a budget shortfall that could top $100 million in the current and coming year as the impact of corporate Source: Arizona Legislature’s budget analysts predict 2018 shortfall | State and Regional | azdailysun.com

Trump’s Tax Plan: Net Nothing for Middle Class, Big Cuts for the Rich, Adds to Debt

Trump released a nine-page tax plan today. That’s like doing the architectural drawings for your house on a napkin. A small napkin. What we do know: The plan will likely add to America’s $20 trillion debt. There are lots of tax cuts spelled out. There are almost no loopholes eliminated. The rich make out pretty well. […]