The Logical Leftist
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Trump's $10.3 Billion Tax Scam Just Got Worse
Posted
February 12, 2026
Views
1,604
Likes
201
Comments
25
Engagement
14.09%
February 12, 2026
1,604
201
25
14.09%
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6:04Now PlayingTrump likes to brand himself as a champion of “forgotten” working people. But when it comes to actual policy, he never forgets the billionaire class.
In one IRS notice — 2025-28 — Trump’s team created a $10.3 billion tax break for giant corporations and private equity firms, without a single public vote. The rule undercuts the Corporate Alternative Minimum Tax, which was designed to make highly profitable companies pay at least 15% in taxes on their book profits.
When Senator Ron Wyden and Democrats tried to overturn this backdoor giveaway, Republicans in the Senate voted to keep it in place.
In this video, I break down:
• How a single IRS notice quietly shifted $10.3 billion to corporations
• What the Corporate Alternative Minimum Tax is, and why this undermines it
• Why this isn’t a “mistake” — it’s the Trump/MAGA economic model in action
• How Senate Republicans went on record protecting the giveaway
• What $10.3 billion could have funded instead for normal people
This is what “economic populism” looks like under Trump: public money up, corporate taxes down, and you get the bill.
If you want more coverage of how MAGA policy actually hits your wallet, hit like, share, and subscribe.
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