All eyes are on Congress as they scramble to extend the 2017 Tax Cut and Jobs Act (TCJA), which will shrink the nation’s coffers by an additional $4.5 trillion over ten years, according to conservative estimates. This begs the question: where exactly will those trillions of dollars end up? The answer is one of the worst-kept secrets in Washington: the vast majority of those tax cuts will leave this $4.5 trillion in the pockets of the wealthy and corporations. What’s less obvious is how this impacts society.
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