A Senate Budget Committee Analysis shows the kind of payoff the GOP tax bill gives to big GOP donors. Here are some of the biggest winners:Goldman Sachs: Contributions, $26,894,393 – Tax Cut, $6,091,800,000General Electric: Contributions, $20,025,764 – Tax Cut, $15,990,000,000Citigroup: Contributions, $19,759,908 – Tax Cut, $9,165,000,000Microsoft: Contributions, $17,934,790 – Tax Cut, $27,690,000,000Exxon Mobil: Contributions, $16,845,751 – Tax Cut, $10,530,000,000Pfizer: Contributions, $15,673,394 ― Tax Cut, $38,794,080,000Walmart: Contributions, $12,894,979 – Tax Cut, $ $5,187,000,000Chevron: Contributions, $12,779,874 – Tax Cut, $9,048,000,000Eli Lilly: Contributions, $9,764,311 – Tax Cut, $5,460,000,000Google: Contributions, $7,392,522 – Tax Cut, $11,836,500,000Johnson & Johnson: Contributions, $5,636,745 – Tax Cut, $12,909,000,000Proctor & Gamble: Contributions, $3,682,275 – Tax Cut, $9,555,000,000IBM: Contributions, $1,873,305 – Tax Cut, $13,923,000,000Apple: Contributions, $500,381 – Tax Cut, $47,970,000,000Total: Contributions, $178,903,432 – Tax Cut, $236,453,880,000As a group, these firms will see tax cuts 1,321 times their original investment in contributions. First, Progressives crushed the opposition when it came to framing the tax battle and branding Republican tax policy. Progressives also won the underlying debate over whether tax cuts for the rich ultimately “trickles down” to ordinary people. The GOP tax “victory” won’t look so glorious from the standpoint of late November 2018.

Source: Huffington Post December 21, 2017 14:46 UTC