US Politics in Trump era Public date: 17.09.2019 01:44:11

Publisher: Fortune

Author:

9 May 2019

Trump Used the Same Tax Breaks as Amazon to Drastically Reduce His Own IRS Bill

President Donald Trump complains that large corporations, such as Amazon.com Inc., are shirking their tax responsibilities. Yet for at least a decade, Trump paid none or very little in federal income taxes by exploiting some of the same generous tax breaks that the online retail giant and others have used to reduce IRS bills.
President Donald Trump complains that large corporations, such as Amazon.com Inc., are shirking their tax...

Publisher: Fortune

Author:

29 Sep 2018

House Passes $3.8 Trillion in Tax Cuts

With attention fixed on the Brett Kavanaugh confirmation hearings, the U.S. House of Representatives passed a new $3.1 trillion tax cut on Friday. The vote was 220 to 191, including three Democrats. The down-to-the-wire 2017 tax act passed in late December contained a mix of permanent and temporary changes that had to result in a net increased cost that fell within a structural limit of $1.5 trillion that allowed the Senate to approve the bill with a simple majority.
With attention fixed on the Brett Kavanaugh confirmation hearings, the U.S. House of Representatives passed a new $3.1...

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