Senate Republicans inserted an easy-to-overlook provision on page 203 of the 880-page bill that would permit wealthy investors to use losses generated by real estate to minimize their taxes on profits from things like investments in the stock market. The estimated cost of the change over 10 years is $170 billion.Grifters gotta grift. And conservatives don't give a fuck about it, so long as it only benefits business or rich people.
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Wednesday, April 1, 2020
When Republicans Whine About Pork in the Stimulus Bill, Remind Them of This
Republicans put in a special tax break for people like Donald Trump.
1 comment:
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Yeah, but that's a tax CUT and therefore must be good. Only spending is evil.
ReplyDeleteEven when spending is the entire fucking point of a stimulus.
The bill we got wasn't really stimulus, which will come later when we see the extent of the damage, it was disaster relief, which is itself always suspect if you are a Republican.
-Doug in Sugar Pine