Sam Brownback

The 'pass-through' loophole in the Trump tax plan is a huge handout to the 1%

The 'pass-through' loophole in the Trump tax plan is a huge handout to the 1%

One nauseating chore that comes up whenever congressional Republicans propose a tax cut is hunting down all the tax breaks for the wealthy concealed in its thickets.

The big one in the tax plan issued last week by the GOP and President Trump involves what’s known opaquely as “pass-through” business income. Even that term might have been too revealing, so the document the Republicans issued described it even more obscurely as a “tax rate structure for small businesses.” That’s also dishonest, however, because the businesses it affects are often nothing like “small.”

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