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To Pay for Trump Tax Cuts, House GOP Floats Plan to Slash Benefits for the Poor and Working Class (www.propublica.org)

submitted 1 week ago by [email protected] to c/[email protected]

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cross-posted from: https://lemmy.blahaj.zone/post/21371521

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[–] mongooseofrevenge 17 points 1 week ago

"For the ultrawealthy, the document floats eliminating the federal estate tax, at an estimated cost of $370 billion in revenue for the government over a decade. The tax, which charges a percentage of the value of a person’s fortune after they die, kicks in only for estates worth more than around $14 million."

So cut $37 Billion/year the government gets from dead rich people and make up for it....by slashing benefits for the middle class and poor. Truly the party of the people.