GOP’s tax plan is a win for big corporations and big oil

GOP lawmakers passed their tax overhaul plan on Wednesday, putting an end to a standoff that began in August and has left the public in the dark on details about how it would impact their favorite industries.GOP lawmakers passed the plan, which is expected to become law this month, on a mostly party-line vote, with Democrats, business groups, and other critics of the bill all expressing concerns about the tax plan’s impact on the middle class.

The legislation, which was unveiled by Senate Majority Leader Mitch McConnell Addison (Mitch) Mitchell McConnellMcConnell says Kavanaugh nomination moving forward as Trump approves FBI probe Lawyer for Kavanaugh accuser: FBI probe should not have ‘unlimited scope’ GOP leaders are scrambling to get tax bill done MORE (R-Ky.) and House Speaker Paul Ryan Paul Davis RyanHouse GOP leader: Tax bill should ‘take care of the middle’ Trump orders EPA to investigate whether Trump’s son-in-law’s firm colluded with Russia MORE (Wis.) on Thursday morning.GOP leaders also approved a plan that would slash taxes for the wealthiest Americans by more than $1.5 trillion over the next decade, a move that would make it the most ambitious tax plan to date and also make clear that the plan will benefit the richest Americans the most.

But for the first time, Republicans also released details on how they plan to finance their tax cuts.

The bill will be structured in ways that would allow the GOP to increase the deficit over the long run, and it will cut taxes for corporations and the wealthiest 1 percent.

“We have a plan,” Trump told reporters on Wednesday morning, flanked by McConnell and Ryan.

“It’s going to be very easy.

We’re going to cut taxes on everybody.””

I think it’s going be very hard to get to 50 percent,” he added.

“But I think we’re going get there.”

Trump also said that the Republicans’ tax plan “will take care of middle-class families.”

“We’re going into the middle-income bracket,” he said.

“The middle class will be getting some relief.

I mean, they’ll be getting a big tax cut.

They’re going from a $10,000 income to $5,000.”

The Republican tax plan would give $2.5 billion to small businesses, a cut that would be significant.

The plan would also eliminate the estate tax, and Republicans are planning to eliminate the state and local tax deduction.

The plan also would eliminate the Alternative Minimum Tax, which Trump said would make him look like he “wasn’t paying taxes at all.”

“It’s a great tax plan,” he told reporters at the White House.

“I know the people who live in the middle of the country, they’re going down with the ship.”

Trump’s tax reform plan would likely be popular with many Americans, with a majority of voters approving the plan in a recent CNN poll, according to the survey, which found that 51 percent of Republicans support the plan.

But many critics of Republicans plan have already called on the GOP leadership to release the details of the plan as soon as possible.

Senate Minority Leader Chuck Schumer Charles (Chuck) Ellis SchumerElection Countdown: Kavanaugh allegations put GOP in tough spot | Republicans start to pull plug on candidates | Dems get early start in Iowa | O’Rourke defends Cruz after protesters interrupt dinner | Why Biden is the Democrat GOP most fears Bredesen says he won’t back Schumer for Senate Dem leaderTrump, Sanders trade blows in Iowa MORE (D-N.Y.) has also called on Republicans to release details about their tax plan by the end of the week.

“The American people deserve to know what this tax plan will do to their pocketbooks and how much they will pay in taxes and how big a tax cut it will give them,” Schumer said in a statement.

“There is no excuse for withholding these details.”

Schumer added that Republicans have a responsibility to the American people to reveal details about the plan before the end, “but I urge Republicans to start now to get the details out.”

Democrats are also calling on Republicans and their allies to release detailed tax returns.

“This is a critical opportunity for the American public to understand how they’ll pay for the GOP’s new tax cuts and the enormous cost of repealing and replacing Obamacare,” House Minority Leader Nancy Pelosi Nancy Patricia D’Alesandro PelosiDemocrats’ new fear: Trump’s Cabinet nominee could undermine Dems’ health care push | Dems hope for health care vote to keep insurers out of ACA | Dems launch health care fight on ‘fake votes’ on new billThe Dems: Dems are working on a ‘fake vote’ bill to keep insurance out of the ACA”The truth is, the American taxpayers deserve a clear, accurate, and transparent accounting of how this plan will affect their wallets,” Pelosi said.

House Minority Leader Steny Hoyer (D) said in his statement that Republicans need to provide the public with a full accounting of their

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