Home / General / Donald Trump Transformed the Republican Party With His Crushing Threat to the Neoliberal Order

Donald Trump Transformed the Republican Party With His Crushing Threat to the Neoliberal Order

Comments
/
/
/
1304 Views

Roll over Glenn Greenwald and tell Meagan Day the news:

Savings for the top six U.S. banks from President Donald Trump’s signature tax overhaul accelerated last year, now topping $32 billion as the lenders curbed new borrowing, pared jobs and ramped up payouts to shareholders.

JPMorgan Chase & Co., Bank of America Corp., Citigroup Inc., Wells Fargo & Co., Goldman Sachs Group Inc. and Morgan Stanley posted earnings this week showing they saved $18 billion in 2019, more than the prior year, as their average effective tax rate fell to 18% from 20%. Bloomberg News calculated the haul by comparing the lower tax rates to what they paid before the law took effect, which averaged 30%.

Excited for the Donald The Economically Populist Dove machines to get turned back on if a not-Bernie wins the Democratic nomination.

  • Facebook
  • Twitter
  • Google+
  • Linkedin
  • Pinterest
It is main inner container footer text