Trump Tax Plan Would Raise Taxes on Many Middle-Income Families

“White House economic adviser Gary Cohn said a ‘typical’ American family making about $100,000 would get a tax break of about $1,000. [Editor’s Note: typical American family earns $59,000.] ‘If we allow a family to keep another $1,000 of their income, what does that mean?’ he asked. ‘They can renovate their kitchen. They can buy a new car. They can take a family vacation. They can increase their lifestyle.'” [Editor’s Note: Where are new cars sold for $1000?]   Billionaires out of touch with the real world.  More …

“Big Six” Tax Framework Provides Windfall to High-Income Households, With Working Families Largely an Afterthought

“The ‘Big Six’ Republican tax framework announced today specifies large tax cuts aimed at profitable corporations and wealthy households while offering only vague promises for lower- and middle-income working families.  It closely follows many aspects of the House GOP’s ‘Better Way’ plan released last year, which was heavily tilted to those high on the income scale.  Like that plan, the new framework offers little for working families with modest incomes compared to what it would do for those at the top.”   More …

Trump’s VA Secretary Is the Fourth Cabinet Member to be Caught in a Travel Expense Scandal

“Overshadowed by Health and Human Services Secretary Tom Price’s resignation Friday afternoon, Veterans Affairs chief David Shulkin is the latest Trump cabinet member to be found mixing personal trips and expenses with government travel. The VA secretary cruised the Thames, took in sight-seeing at Westminster Abbey, and watched a Wimbledon tennis match during a 10-day European trip with his wife, according to an itinerary obtained by The Washington Post.”  More …