President Trump’s failure to fulfill a campaign promise to axe the controversial tax benefit for hedge fund and private equity fund managers has sparked action at the state level.
The newspaper publishing giant E.W. Scripps would be deeply distressed to see what has become of his namesake company — and beloved country.
As the new federal tax law slashes IRS bills for corporations and the wealthy, the momentum is growing for progressive state-level taxes that could recoup some of these resources.
While billionaires fund a PR push for the tax law, most ordinary workers report seeing no increase in their take-home pay.
