After Spending $20 Million to Pass #GOPTaxScam, Koch Bros to Save More Than $1 Billion This Year

[guillaumeb]

From the article:

Charles Koch and David Koch, the billionaire industrialists and right-wing mega-donors, stand to save between $1 billion and $1.4 billion in income taxes each year from the tax law passed last month by Republican lawmakers and signed by President Donald Trump, according to a new analysis out Wednesday.
The new report by the Americans for Tax Fairness details how those estimated tax savings would come from a combinations of the Koch's personal liabilities and that of the business empire, Koch Industries. And while based on available financial data, the analysis, the group explained, "does not count how much the brothers might save in taxes on offshore profits or how much their heirs will benefit from weakening the estate tax."

To read more:

https://www.commondreams.org/news/2018/01/24/after-spending-20-million-pass-goptaxscam-koch-bros-save-more-1-billion-year?

When I read stories about $1,000 bonuses, and modest wage increases for WalMart associates who often qualify for welfare because they earn so little, this story puts the GOP tax giveaway in perspective.

[Irish_Dem]

1. Isn't this a pretty good return on investment? nt

[guillaumeb]

2. It is indeed.

And the Kochs are so incredibly rich that 20 million is an insignificant amount.

But if I wrote this in a newspaper I would be accused of attacking the job creators, or accused of being envious.

[Irish_Dem]

3. Americans should take up a collection and see if we can bribe congress to represent us.

Maybe we can come up with more than $20 million.