US Economy: Tax bill approved by Republican Senate majority: US Students, Middle Class Citizens getting the shaft in this new Tax Plan, which adds trillions to the National Debt

The U.S. Senate narrowly approved a tax overhaul, moving Republicans and President Donald Trump a big step closer to their goal of slashing taxes for businesses and the rich while offering everyday Americans a mixed bag of changes and addiding trillions to the National Debt.

Trump who is getting closer and closer to being linked to the Russian  probe now that his former security advisor Flint is starting to spill the beans  tweeted early in the morning: “We are one step closer to delivering MASSIVE tax cuts for working families across America,”

The Senate approved their bill in a 51-49 vote with Democrats complaining that last-minute amendments to win over skeptical Republicans were poorly drafted and vulnerable to being gamed later by lawyers and accountants in the tax avoidance industry. 

“The Republicans have managed to take a bad bill and make it worse,” said Senate Democratic leader Chuck Schumer. “Under the cover of darkness and with the aid of haste, a flurry of last-minute changes will stuff even more money into the pockets of the wealthy and the biggest corporations.” 

The framework for both the Senate and House bills was developed in secret over a few months by a half-dozen Republican congressional leaders and Trump advisers, with little input from the party’s rank-and-file and none from Democrats. 

EU-Digest