By 2027, over half of all Americans — 53 percent — would pay more in taxes under the tax bill agreed to by House and Senate Republicans, a new analysis by the Tax Policy Center finds. That year, 82.8 percent of the bill’s benefit would go to the top 1 percent, up from 62.1 under the Senate bill.
And even in the first years of the bill’s implementation, when it’s an across-the-board tax cut, the benefits of the law would be heavily concentrated among the upper-middle and upper-class Americans, with nearly two-thirds of the benefit going to the richest fifth of Americans in 2018.
Continue reading: The Republican tax bill got worse: now the top 1% get 83% of the gains
Further reading:
Public opposition to tax bill grows as vote approaches
Protesters storm Congress to fight tax bill, as cameras point elsewhere
The Secular Jurist 
Greed is blind and cannot see its own folly. The more the rich hollow out America, the weaker our nation will become.
LikeLiked by 2 people
True, although greed sometimes is just callous.
LikeLiked by 2 people
As I’ve previously commented (here or elsewhere?), it matters little to the Repukes who will pass this bill how the public feels. As with most everything that takes place in Congress, if it benefits them in some way (or has no particular effect), it’s a yea vote. Otherwise, thumbs down.
Our government of the people, for the people, and by the people got lost in translation a long time ago.
LikeLiked by 3 people
Very true.
LikeLike
Further … from another person’s blog post:
At the bottom of all of this is one simple question – why are you in such a hurry to pass ill-conceived legislation with no hearings and input from people who know what they are talking about. The Tax Reform Act of 1986 was bipartisan and penned by some of our sharpest tax people and took almost four years.
Of course we all know the reasons behind the current rush …
LikeLiked by 3 people
We do, indeed.
LikeLike
We the corporations…
LikeLiked by 1 person
Absolutely, and they don’t have courage enough to admit it.
LikeLiked by 1 person
Of course not. The only way corporate executives can continue a perpetual hold over the population is through deception. They need to continue the lies, their survival depends on it. This is why I constantly tell people that Capitalism is a religion. Corporatocracy can only exist two ways – through iron-fisted force or through convincing people to hold a dogmatic view of it as a viable social system.
LikeLiked by 2 people
It’s true.
LikeLiked by 1 person
The gods of our time.
LikeLiked by 2 people