The tax cuts just passed for middle-income wage earners are temporary. They’ll be phased out in a matter of years. It’s the old teaser-rate come-on.
Meanwhile cuts for multinational corporations, financial entities and real estate developers like Donald Trump will be permanent.
A couple can now inherit a fortune of almost $22 million without paying a penny in taxes. But a kid working to save for college is nailed on the first dollar earned.
More money in fewer hands. They planned it that way.
