The Damage Report
The Damage Report
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Trump Tax Cut BOMBSHELL Explodes In Dark Republican Revelations

Posted

October 1, 2023

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Donald Trump's devastating Tax Cuts and Jobs Act is revealed in new report to be benefitting solely the ultra-wealthy and not the working class and Republicans announce they are seeking to re-instate the act. Rayyvana and Brett Erlich break it down on The Damage Report.

Read more here:

Billionaires Have Gotten $2.2 Trillion Richer Since TrumpGOP Tax CutsAnalysis

"U.S. billionaires have seen their collective fortunes surge by more than $2 trillion since the enactment of the 2017 Trump-GOP tax cuts, according to a new analysis released Thursday as Republicans work to extend the law's expiring provisions.

Using Forbes wealth data, the progressive advocacy group Americans for Tax Fairness (ATF) calculated that the combined wealth of the nation's 748 billionaires exceeded $5 trillion this month—up 77%, or $2.2 trillion, since the Tax Cuts and Jobs Act took effect in 2017.

Tesla CEO Elon Musk saw the biggest wealth increase of all U.S. billionaires, surging from $20.4 billion in December 2017 to nearly $270 billion in September 2023—a 1,222.8% boost."

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Guests & Subjects Covered

Donald Trump'sTax CutsJobs ActBrett ErlichThe Damage Report ReadBillionaires Have GottenUsing ForbesTax Fairness ATF

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Trump Tax Cut BOMBSHELL Explodes In Dark Republican Revelations · The Damage Report · Sentinel