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  • Mother Jones

    ART OF THE STEAL

    President Trump touts the Republican tax cut as a great deal for everyone but himself and his wealthy friends. That’s rich.
    by Dave Gilson Feb 27, 2018 3 minutes
    From left: Sen. Bob Corker (net worth: $69.5 million), Jared Kushner and Ivanka Trump (at least $207 million), Donald Trump ($3.1 billion), Donald Trump Jr. ($150 million), Rep. Paul Ryan ($6.5 million), Betsy DeVos ($1 billion), Ben Carson ($22 million), Steven Mnuchin ($385 million)

    The new tax law “is going to cost me a fortune,” DONALD TRUMP insisted. In fact, any way you count it, he and his cronies will undoubtedly save a fortune. The plan reduces income taxes for top earners, slashes the rate for corporations like his, and includes a generous cut for owners of pass-through companies—of which he has about 500.

    Treasury Secretary STEVEN MNUCHIN claimed “there will be no absolute tax cut for the upper class.” In fact, the top 5 percent of taxpayers get more than 40

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