‘Sunset’ corporate cuts

The “middle-class tax cut” Christmas gift isn’t; it favors high-incomers. More than 90 percent of new U.S. wealth trickles up to the wealthiest – their taxes rise; hard to sympathize. An analysis of our president’s 2005 return indicates that he would have paid $31 million less tax under this new scheme, largely due to elimination of the AMT (Alternative Minimum Tax), which was enacted precisely to counter loopholes available only to high-incomers.

Sign up to continue

Print subscriber?     Sign up for Full Access!

Please sign up for as low as 36 cents per day to continue viewing our website.

Digital subscribers receive

  • Unlimited access to all stories from nashuatelegraph.com on your computer, tablet or smart phone.
  • Access nashuatelegraph.com, view our digital edition or use our Full Access apps.

Sign up or Login