Wednesday, 1 August 2018

Mnuchin Floats More Tax Cuts For The Rich, This Time Avoiding Congressional Approval

Mnuchin Floats More Tax Cuts For The Rich, This Time Avoiding Congressional Approval

Scene: Living Typo Steve Mnuchin, who is also the Treasury Secretary, looked out the window of his lavish office to see deficits running clear to the horizon and then into the Great Beyond. The wailing of the damned Millenials fills his ears with sweet, sweet music. Suddenly a cloud comes over his smiling face.

“How,” he wondered to himself, “can I make this worse?”

Anyway, something like that I imagine went through his head as Mnuchin announced that through changing regulations and rules the Fourth Reich were going to cut taxes for Billionaires AGAIN without having to get those grubby little people in the Congress involved at all:

Trump Administration Mulls a Unilateral Tax Cut for the Rich

WASHINGTON — The Trump administration is considering bypassing Congress to grant a $100 billion tax cut mainly to the wealthy, a legally tenuous maneuver that would cut capital gains taxation and fulfill a long-held ambition of many investors and conservatives.

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