Reported about 11 hours ago
President Donald Trump's tax bill has significantly benefited wealthy Americans and business investors, allowing multimillionaires to pass on more wealth tax-free, while increasing the estate tax exemption and maintaining tax breaks for private equity. However, low-income Americans face cuts to Medicaid and food assistance, elite universities see increased tax burdens, and losses include for immigrants due to new taxes on remittances and restricted access to health coverage tax credits.
Source: YAHOO