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House Passes Trump Tax Plan For Second Time

Update: In a vote that almost exactly mirrored yesterday's results, the House once again passed the final Trump tax bill – formerly known as the conference agreement on the Tax Cuts and Jobs Act – by a vote of 224-201. As the Financial Times pointed out, "the vote gives the president a longed-for legislative victory […]


House Passes Trump Tax Plan For Second Time With Only 1 Republican Voting Against

Update: In a vote that almost exactly mirrored yesterday's results, the House once again passed the final Trump tax bill – formerly known as the conference agreement on the Tax Cuts and Jobs Act – by a vote of 232-190. The only difference was that only one Republican voted against the bill during its second […]


The Full List Of Every Senator Who Stands To Be Personally Enriched By The Tax Bill

Submitted by David Sirota of International Business Times When the U.S. Senate takes up the final tax bill this week, more than a quarter of all GOP senators will be voting on a bill that includes a special provision that could give them a new tax cut through their real estate shell companies, according to […]


The Full List Of Every GOP Senator Who Stands To Be Personally Enriched By The Tax Bill

Submitted by David Sirota of International Business Times When the U.S. Senate takes up the final tax bill this week, more than a quarter of all GOP senators will be voting on a bill that includes a special provision that could give them a new tax cut through their real estate shell companies, according to […]


“All-In” On Tax Reform

Authored by Lance Roberts via RealInvestmentAdvice.com, Review & Update In last week’s “Technically Speaking” post I discussed the S&P 500 hitting 2700 by Christmas. To wit: “As stated in the title, the current push higher puts 2700 in sight by the time Santa fills the ‘stockings hung by the chimney with care.’   As shown […]


Is Going To College Worth It? (Yes, If You’re White!)

Over the past few years, individual wealth grew for all Americans. But that doesn’t mean everybody is on level ground. HowMuch.net's graphic below shows the net worth disparity between racial groups, both with and without a college education. Source: HowMuch.net HowMuch.net created this graphic using new data from a Federal Reserve analysis of recent trends in consumer […]


George Soros’ $18 Billion Tax Dodge Exposed

Authored by Stephen Moore op-ed via The Wall Street Journal, The wealthy have tucked billions into private nonprofits… where the IRS can’t touch it. Congress is still scrambling to find ways to pay for its tax cut, so perhaps it should pay closer attention to last month’s news that George Soros had transferred $18 billion […]


Mapping The Highest And Lowest Incomes Of America’s City Slickers

All throughout history, people have gone to cities to take advantage of the wealth and business. We wanted to know which metropolitan areas offered the best opportunities for Americans, so we looked at data for all 382 metros. Want to know where to make the most money? The following map from HowMuch.net shows just where… Source: […]


George Soros To Congress: “Please Don’t Cut My Taxes”

After transferring over the bulk of his personal wealth to his “Open Society” Foundation – the umbrella organization for a network of dozens of political groups that push Soros’s far-left agenda across the US and Europe, Soros is still comfortable enough to justify giving away even more of his money – this time to the […]


Three Americans Now Own More Wealth Than Bottom Half of US Combined: Report

Authored by Jake Johnson via TheAntiMedia.org, “The elite ranks of our billionaire class continue to pull apart from the rest of us,” a new Institute for Policy study analysis finds. In the United States, the 400 richest individuals now own more wealth than the bottom 64 percent of the population and the three richest own […]


Details Of ‘Simplified’ Senate Tax Bill Start To Leak: 7 Tax Brackets, Scraps All SALT Deductions

As the House tax bill hits the wires, leaked details of the Senate's tax bill are coming out… There will be 7 tax brackets – considerably more complex than the 3 brackets in the House bill Senate tax legislation will keep seven tax brackets but alter the rates, GOP Sen. John Hoeven tells reporters.   Hoeven says […]


5 Charts Highlight The Growing Wealth Inequality In America Over The Past 50 Years

Americans across the income spectrum have generally grown wealthier over the past 50 years but those at the top (A.K.A. the “millionaire, billionaire, private jet owners” to use the parlance of our times) have made out much better than the rest of us.  As the Urban Institute pointed out today, in 1963, families in the […]


Trump Trounces “Hypocrite” McCain, Thinks Rand Paul “May Find A Way” To Save Obamacare Repeal Bill

In a surprising demonstration of wit, President Donald Trump told a crowd of rowdy Alabamians Friday night that it would be amusingly “ironic” if Kentucky Senator Rand Paul offered to vote for the Republicans’ floundering Graham-Cassidy health-care bill after John McCain blindsided the administration by withdrawing his support On Friday. The two senators, Trump explained, […]


Visualizing America’s Rampant Racial Wealth Inequality

Even though the United States is on course to become "majority minority" by 2044, Statista's Niall McCarthy notes that the country still has a huge and growing racial wealth gap. A new study by Prosperity Now and the Institute for Policy Studies has found that white households in the middle-income quintile own nearly eight times as much […]