President Donald Trump told friends at his lavish Mar-a-Lago club “you all just got a lot richer” after the passage of his tax cut legislation, CBS News reported Sunday. While households at every income level will see a tax cut next year, wealthy taxpayers would benefit the most from the bill, according to independent analysts. The heart of the measure is a massive corporate tax cut ― a permanent reduction in the top rate from 35 percent to 21 percent. “We are looking for the middle class, and we are looking for jobs, jobs being the economy. Trump’s friends likely won’t be the only ones who stand to gain from the tax cut legislation.

Source: Huffington Post December 24, 2017 17:26 UTC