trump + kushner could reap a pandemic windfall.
'Senate Majority Leader Mitch McConnell (R-Ky.) and House Minority Leader Kevin McCarthy (R-Calif.) have insisted that Congress spend another $250 billion on small businesses devastated by the pandemic, but they refuse to “renegotiate unrelated programs” from last month’s emergency coronavirus bill.
What are they afraid of?
Well, maybe it’s this: As the dust settles on the $2.2 trillion legislation, it has become clear that one of its largest provisions, a $170 billion tax giveaway, appears to be tailor-made for the benefit of wealthy real estate investors such as President Trump and his son-in-law, Jared Kushner, who is running one of Trump’s coronavirus task forces.'
https://www.washingtonpost.com/opinions/2020/04/14/trump-kushner-could-reap-pandemic-windfall/?
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How's this for something that can get your goat?
And visions of torches and pitchforks danced in their heads. This is really insulting and not even beneficial to the economy since the more you supply to citizens, the more it will go right back in again. Most of us who have their pyramid on our backs are not going to buy stocks or save it, that's for sure:
But this provision gives tax filers who earn more than $1 million a year an average windfall of $1.6 million this year alone. (Compare that with the $1,200 break the average wage earner gets.) As The Post’s Jeff Stein reported Tuesday, the Joint Committee on Taxation found that 82 percent of the benefit of this and another tax giveaway in the coronavirus relief bill will go to the 43,000 taxpayers who earn more than $1 million — and just 3 percent to those who earn less than $100,000.
