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Corporate money in politics
“There are two things that are important in politics,” Mark Hanna, the great Republican kingmaker of the late 19th century, once said. “The first thing is money, and I can’t remember what the second one is.”
What was true in Hanna’s century remained true in the next, and since the Watergate scandal of the 1970s, Congress has imposed stricter regulations on money in politics. Advocates of those rules argue that they rein in corruption and increase public trust in government.
The Tax Cuts and Jobs Act doesn’t just redistribute trillions of dollars to corporate shareholders; or provide a windfall to wealthy business owners; or repeal the tax on estates worth more than $5.5 million dollars: It also allows the heirs of those estates to avoid paying; any capital gains on their inherited assets
In other words, the law finances a giant gift to multimillionaire trust-fund kids.
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