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Paul Ryan just announced the next stage in the great Republican robbery of the American people. Cenk Uygur, the host of The Young Turks, breaks it down. Tell us what you think in the comment section below.
Read more here:
“Republicans scored a major win for their business allies when they ushered tax bills through both the House and Senate that chopped the corporate rate to 20 percent.
Now, the GOP is on the verge of handing back part of that signature achievement as negotiators prepare to hash out differences between the two chambers’ plans. Top Republicans on Wednesday acknowledged they are contemplating raising the rate to 22 percent — a concession apparently necessary to help pay for other must-do adjustments.
From my colleagues Damian Paletta and Erica Werner:
No decisions have been made. The White House has been resistant to making this change, but President Trump said casually on Saturday morning that the 22 percent corporate rate might be necessary. Each percentage point that is added back to the corporate rate would free up around $100 billion in revenue over 10 years. Still, White House officials have tried to stress to Congress in the past two days that their strong preference is to keep the corporate rate at 20 percent. Senate Finance Committee Chairman Orrin Hatch (R-Utah) said he too was resistant to raising the rate. 'Not as far as I’m concerned,' he said. 'It’s still 20.’”
Hosts: Cenk Uygur
Cast: Cenk Uygur
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Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. A young person who rebels against authority or societal expectations.(American Heritage Dictionary)