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Friday, November 10, 2017

Podcast: Winners and Losers -- Alan Essig on the Republican Tax Ripoff

This episode of the Winners and Losers Radio Program was broadcast Nov 8, 2017 on from the  Red Caboose Studio in Bolivar, WV.

The Winners and losers radio program regularly broadcasts live 7:30 - 9 AM most weekdays. Our call in  line is 304-885-0708. Our email is

Alan Essig, Executive Director of the DC-based Institute on Taxation and Economic Policy (ITEP), joins the program  to discuss his group's analysis of the GOP's so-called "tax reform" and jobs bill .

The bill will provide "significant savings to foreign investors" and, of those tax cuts that would benefit Americans, "nearly a third would go to the richest one percent in 2018, and by 2027 that fraction would rise to nearly half," ITEP, a non-profit, non-partisan research organization reported Monday. Richest Americans Benefit Most from The Tax Cuts and Jobs Act "Some of the provisions in the House bill that benefit the middle-class -- like lower tax rates and fewer brackets, an increased standard deduction, and a $300 tax credit for each adult in a household -- are designed to expire or become less generous over time," said the report. And for the wealthy? Some provisions "become more generous over time," according to ITEP.

How might the tax legislation effect West Virginia ? What do we do about the 1 percent's offshoring of much of its $$$ "Paradise Papers," Paradise Papers Underscore Why Lawmakers Should Focus on Offshore Tax Avoidance ?

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