Trump’s signature budget reconciliation bill increases federal deficits by $3.4 trillion over 10 years while transferring wealth upward, with 65% of benefits flowing to top 10% of earners. Creates multiple opaque funding streams including $100M OMB slush fund for “efficiencies” and …
Donald TrumpMike Johnson (House Speaker)Republican CongressOffice of Management and BudgetDepartment of Homeland Securitybudget-reconciliationtax-cuts-for-wealthyslush-fundswealth-transferkleptocracy+2 more
Congress passes the Emergency Economic Stabilization Act, creating the $700 billion Troubled Asset Relief Program (TARP) to bail out major financial institutions. Despite extensive evidence of widespread mortgage fraud, predatory lending, and securities violations that precipitated the crisis, the …
Henry PaulsonGoldman SachsJPMorgan ChaseBank of AmericaCitigroup+3 moreinstitutional-capturecorruptionfinancial-crisisbailoutregulatory-capture+2 more
On October 22, 1986, President Reagan signed the Tax Reform Act of 1986, the centerpiece of his second term domestic agenda. The legislation dramatically lowered the top individual income tax rate from 50% to 28% - the largest single drop in the history of the federal income tax - while reducing the …
Ronald ReaganCorporate lobbyistsSenate Finance CommitteeCongresstax-cutscorporate-lobbyingwealth-transferreaganomicsinequality+1 more