Under Kavanaugh cover, Republicans pass $3 billion tax cuts for wealthy

Cutting business taxes was supposed to cause an explosion of investment. Yet business investment has increased at a slower rate this year than at several periods during the Obama recovery.

Journal of People

by Frank Clemente

People’s World | October 05, 2018

While Americans were transfixed by Senate hearings over Brett Kavanaugh’s alleged sexual assaults, House Republicans quietly passed another enormous tax handout for the wealthiest Americans.

Round one of this giveaway cost $2 trillion. Round two is even bigger—it would explode the deficit by more than $3 trillion. And once again, it’s largely a giveaway to the wealthiest Americans—and could mean devastating service cuts for ordinary people.

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