The following article by David Cay Johnston was posted on the DCReport.org website July 31, 2018:
Treasury Secretary Plans Another Tax Giveaway for the One Percent
The swamp monster who Donald Trump chose as Treasury secretary has a plan to save the richest of the rich billions and billions in taxes – and without any vote by Congress, either.
Steve Mnuchin, a former Goldman Sachser and later California banker who grew rich exploiting the housing crisis, revealed the plan to The New York Times while in Argentina for the G-20 meeting of the world’s richest countries.
The plan would radically increase the concentration of wealth in America, accelerating a trend that will be explained below with some shocking numbers. And it comes as the Trump administration, reneging on campaign promises, is floating proposals to cut Medicare, Medicaid and Social Security as well as using subtle means to scuttle the Affordable Care Act.