US EditionLZ Granderson: Money will be tight
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Money will be tight. Americans will suffer. Will top 10% step up?
The Tax Cuts and Jobs Act of 2017 slashed the corporate tax rate from 35% to 21% and more than doubled the federal estate tax exemption rate for married couples, from $11 million to $27 million. An analysis by the Congressional Budget Office and the Joint Committee of Taxation found that beginning in 2027, lower- and middle-class families could see a tax increase that would exceed the rate they paid before 2017. Sadly, the law is set to expire a…
·Walnut Creek, United States
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Leaning Left1Leaning Right0Center1Last UpdatedBias Distribution50% Left, 50% Center
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