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Last year Amazon's federal income tax rate was zero. That was apparently too much for my Republican colleagues. Under the Trump tax bill, Amazon will get an additional $789 million tax break on the profits they shifted to offshore tax havens.
I agree with Bill Gates. At a time of massive income and wealth inequality, the last thing Congress should do is give huge tax breaks to billionaires. The very wealthy should be paying more in taxes, not less.
On Taxes: “This is the biggest corporate rate cut ever, going back to the corporate income tax rate of roughly 80 years ago.This is a huge pro-growth stimulus for the economy. Every year the Obama WH overstated how the economy would grow. Now real economics and jobs.” @WSJ Report
Trump just made his most self-serving deal ever – the tax bill. With its decrease in the top rate, its pass through income and estate tax cuts, his family stands to make more money than all of their previous deals combined.
Why does Mick Mulvaney think it's OK to cut heating assistance for low-income Americans while giving massive tax breaks to the Koch brothers?
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OMG you mean people who pay income taxes will see more benefit from a tax cut than people who don't? STOP, YOU'RE KILLING AMERICANS!
An interesting fact about Norway is that they post every Norwegian’s income tax return on the Internet
It's indefensible to pass a tax cut for the wealthy that adds $1.4 trillion to the deficit and in the same breath argue we don't have the money to fund health care for low-income kids.
So as I understand it, the Corker/Trump loophole/kickback would let many highly paid professionals dodge taxes as follows: first, buy the building you work in. Then charge yourself an exorbitant rent. This shifts income into your low-tax LLC. Voila! Many other scams likely.
Today I am announcing my intention to amend the Senate tax bill to repeal the individual mandate and provide bigger tax cuts for middle income taxpayers.

The mandate repeal is a promise we all made and we should keep. It also allows an additional $300 billion+ in tax cuts.
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