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Report: Wall Street Among Biggest Winners of #GOPTaxScam

April 11, 2018
Blog Post
A new report from Ernst & Young confirms what we have been saying all along… Wall Street and the finance industry will pocket massive giveaways from the GOP tax scam, not hard-working middle class families.

Jeff Stein writes in Washington Post Wonkblog: Wall Street Is Among The GOP Tax Law's Biggest Winners, Report Says

The [Ernst & Young] report says that in the long run, the bill's biggest winners include the finance industry … These kinds of firms particularly benefit from the law's dramatic reduction of the corporate tax rate, which extends beyond the decade.

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While Wall Street rakes in money from the GOP tax scam, working families have been left behind.  Despite repeated promises from Republicans that the American people will ‘love' the tax bill, the majority of workers in our country – 52 percent – are not seeing any change in their withholding taxes.

As Republicans continue to sell their dishonest tax scam, Democrats fight for real, bipartisan tax reform that puts the middle class first with A Better Deal: Better Jobs, Better Wages, Better Future.