The stimulus bill includes a tax break for the 1% [View all]

[turbinetree]

Opinion by Ed McCaffery

Updated 2:45 PM ET, Sat March 28, 2020

We face a frightening pandemic. More than 100,000 American have been infected with Covid-19, while tens of millions more continue to shelter at home. Meanwhile, the markets are crashing.

And yet the more things change, the more they stay the same.

While health care workers and local governments frantically race against the clock to keep up with the escalating medical caseloads while trying to keep themselves and their families safe, Congress was still able to find the time to give money away to rich people.

Thanks to a stunning new report from the New York Times, which has been relentless on the tax beat during the Trump administration, we've learned that a provision has been included in the 880-page coronavirus stimulus bill to help the very wealthy in a way that is breathtaking in its scope and detail.

It is worth taking a minute -- many of us have more of those now in our quarantined states -- to explain.

https://www.cnn.com/2020/03/28/opinions/stimulus-bill-tax-break-for-1-mccaffery/index.html

This is why I have been harping that they could have given everyone that paid taxes in 2018, 1 million dollars if they made less than a 1 million dollars to pay off mortgages, renter payments, student debut etc....... instead of the BS we are getting from our financial institutions instead of giving tax breaks to those that depreciate a fucking building as loss............................................................JFC