Secret IRS Files Reveal how much the Ultrawealthy gained by shaping Trump's "Big, Beautiful Tax Cut" - Veterans Today | Military Foreign Affairs Policy Journal for Clandestine Services

Contributing sentiments towards policy:

66% : The drafting of the Trump law offers a unique opportunity to examine how the billionaire class is able to shape the code to its advantage, building in new ways to sidestep taxes.
55% : But a recent study by Treasury economists found that the top 1% of Americans by income have reaped nearly 60% of the billions in tax savings created by the provision.
54% : At that rate, the cut could deliver more than half a billion in tax savings for Hendricks and the Uihleins over its eight-year life.
54% : The flurry of midnight deals and last-minute insertions of language resulted in a vast redistribution of wealth into the pockets of a select set of families, siphoning away billions in tax revenue from the nation's coffers.
51% : Instead, they "pass through" directly to the owners, who pay taxes on the profits on their personal returns.
46% : The records have enabled reporters this year to explore the diverse menu of options the tax code affords the ultrawealthy to avoid paying taxes.
45% : By the summer of 2017, it was clear that Trump's first major legislative initiative, to "repeal and replace" Obamacare, had gone up in flames, taking a marquee campaign promise with it.
39% : The expanded tax break Johnson muscled through netted them $215 million in deductions in 2018 alone, drastically reducing the income they owed taxes on.

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