The Republicans haven’t been able to get much legislation passed but this could be the exception. John Iadarola and Jennifer Briney, the hosts of The Young Turks, discuss who the tax bill really benefits. Tell us what you think in the comment section below. Read whole story from TYT Investigates here: https://tytnetwork.com/2017/11/07/thi…
“The think tank whose report House Speaker Paul Ryan cited this weekend, saying that the GOP tax bill will create jobs, is chaired by the top executive on tax policy for a pharmaceutical giant that laid off workers after its last big tax break, who has donated money to Ryan and other backers of tax cuts, according to campaign finance records.
Ryan issued a press release on Saturday citing a new report by the nonpartisan Tax Foundation, which concludes that the House Republican tax bill unveiled last week will create the equivalent of about 975,000 full-time jobs. The Bureau of Economic Analysis’s definition of full-time equivalent jobs includes aggregated part-time positions.
The Tax Foundation is a nonprofit organization prohibited by law from engaging in partisan activities, but it does push for tax policies it sees as favoring business. Its board includes executives from PepsiCo, PriceWaterhouseCoopers, and Microsoft, as well as former Republican Rep. Bill Archer and Douglas Holtz-Eakin, former economic advisor to President George W. Bush and the presidential campaign of Sen. John McCain (R-Ariz.).
The chairman of the Tax Foundation is David P. Lewis, vice president for global taxes and chief tax executive for Eli Lilly and Company, the multinational pharmaceutical maker. Lewis, Eli Lilly CEO David Ricks, and the company itself have been vocal proponents of the GOP tax bill. Ricks and other industry CEOs met with President Donald Trump on January 31 to discuss a range of issues, including the corporate tax rate.”
Hosts: John Iadarola, Jennifer Briney
Cast: John Iadarola, Jennifer Briney
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Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. A young person who rebels against authority or societal expectations.(American Heritage Dictionary)