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The Week: The Trump administration’s dumbest idea yet

Oct 29th 2018
Mark DeYoung

Idon’t know about you, but when I wake up in the morning, after dressing modestly  and saying my prayers, the first thing I do is shed a couple of hot tears for the rich. Think of poor Jeff Bezos, who has watched numbers go up on a screen for eight whole months and only made $40 billion. When is the last time we had a tax cut in this country?

Too long, according to Steven Mnuchin, our Goldman Sachs alumnus-cum-hedgefund gazillionaire Treasury secretary. Speaking offhandedly to a journalist at one of those Letter of the Alphabet Plus Natural Number summits — I think it might have been the G20 — in Argentina, Mnuchin mentioned a scheme he and his underlings have devised that would allow rich people to hire lawyers and accountants to decide how much money they have actually made at tax time.

Read more at The Week.

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The Catholic Finance Association

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  • Catholic Finance professionals make ArchNY schools among the Best in the Nation
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