It’s no secret that corporations and the very rich were the main beneficiaries of the Trump tax legislation passed late last year. But what’s less known is that the financial industry was the single biggest target of the largesse. One private equity fund manager, Stephen Schwarzman, stands to make roughly $100 million from President Trump’s failure
Financial Industry to Rake in $250 Billion From Trump’s Corporate Tax Cuts
The finance industry, the biggest beneficiary of corporate tax cuts, is expected to take in $250 billion from the corporate income tax cut alone over next decade, an amount that could fund 300,000 elementary school teachers or 6,000 teachers per state for 10 years.
