It’s no secret that the 2017 Republican tax law Senator Joni Ernst helped pass amounted to a massive giveaway to corporate special interests and the wealthiest Americans, with little benefit to most Americans.
A new report from the nonpartisan Congressional Research Service details just how “lopsided” Senator Ernst’s tax law has turned out to be, with massive giveaways to special interests and little benefits to average Iowans. Independent economists agree that the GOP tax law will “likely make income inequality worse.”
Democratic Senatorial Campaign Committee spokesperson Stewart Boss released the following statement in response to the new CRS report showing the extent of Joni Ernst’s tax giveaway:
“It should come as a surprise to exactly no one that Senator Ernst supported a massive giveaway to corporations and the wealthy, no matter the impact on Iowa families. The more we learn about the law Republicans rammed through Congress, the clearer it becomes that Ernst was all too happy to sell out working Iowans and tip the scales even further for big business and her wealthy donors.”
Vox: The GOP tax law’s lopsided giveaway to corporations, explained in one sentence
Congress’s official think tank finds the Republican tax cuts helped corporations, not workers.
By Dylan Scott
Key Points:
Read the full analysis here.
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