Congressional Republicans are fighting to extend a tax code that serves only themselves and their rich donors at the expense of American families. Up to 2/3 of Republicans could financially benefit from the scam. Cash in Congress is the only comprehensive resource that looks at how every Republican member stands to gain by passing the Trump tax scam.
Congressional Republicans are fighting to extend a tax code that serves only themselves and their rich donors at the expense of American families. Up to 2/3 of Republicans could financially benefit from the scam. Cash in Congress is the only comprehensive resource that looks at how every Republican member stands to gain by passing the Trump tax scam.
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*Source: Republican Rip-off Tool
**Pass-through deduction: The pass-through deduction allows owners of pass-through businesses, like LLCs or S Corporations, to deduct 20% of their qualified business income from their federal tax burden, overwhelmingly benefitting the richest households already equipped to game the tax system. This marker notes which CongressionalRepublicans could pay even less under the Trump tax scam pass-through deduction.
***Estate tax threshold: The Trump tax scam doubled the estate tax threshold, allowing millionaires with assets up to $14 million to transfer assets to their descendants tax free. This marker notes which Congressional Republicans could benefit from keeping the threshold high.
*Source: Republican Rip-off Tool
**Pass-through deduction: The pass-through deduction allows owners of pass-through businesses, like LLCs or S Corporations, to deduct 20% of their qualified business income from their federal tax burden, overwhelmingly benefitting the richest households already equipped to game the tax system. This marker notes which CongressionalRepublicans could pay even less under the Trump tax scam pass-through deduction.
***Estate tax threshold: The Trump tax scam doubled the estate tax threshold, allowing millionaires with assets up to $14 million to transfer assets to their descendants tax free. This marker notes which Congressional Republicans could benefit from keeping the threshold high.
*Source: Republican Rip-off Tool
**Pass-through deduction: The pass-through deduction allows owners of pass-through businesses, like LLCs or S Corporations, to deduct 20% of their qualified business income from their federal tax burden, overwhelmingly benefitting the richest households already equipped to game the tax system. This marker notes which CongressionalRepublicans could pay even less under the Trump tax scam pass-through deduction.
***Estate tax threshold: The Trump tax scam doubled the estate tax threshold, allowing millionaires with assets up to $14 million to transfer assets to their descendants tax free. This marker notes which Congressional Republicans could benefit from keeping the threshold high.
*Source: Republican Rip-off Tool
**Pass-through deduction: The pass-through deduction allows owners of pass-through businesses, like LLCs or S Corporations, to deduct 20% of their qualified business income from their federal tax burden, overwhelmingly benefitting the richest households already equipped to game the tax system. This marker notes which CongressionalRepublicans could pay even less under the Trump tax scam pass-through deduction.
***Estate tax threshold: The Trump tax scam doubled the estate tax threshold, allowing millionaires with assets up to $14 million to transfer assets to their descendants tax free. This marker notes which Congressional Republicans could benefit from keeping the threshold high.
*Source: Republican Rip-off Tool
**Pass-through deduction: The pass-through deduction allows owners of pass-through businesses, like LLCs or S Corporations, to deduct 20% of their qualified business income from their federal tax burden, overwhelmingly benefitting the richest households already equipped to game the tax system. This marker notes which CongressionalRepublicans could pay even less under the Trump tax scam pass-through deduction.
***Estate tax threshold: The Trump tax scam doubled the estate tax threshold, allowing millionaires with assets up to $14 million to transfer assets to their descendants tax free. This marker notes which Congressional Republicans could benefit from keeping the threshold high.
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