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Since 1983, it has been known mainly because of its annual report and rankings that influence in college and grad school, lies in most fields and subjects. U.s. News World Report is and academic institution is the oldest and most famous in America, [5] and covering the areas of business, law, medicine, engineering, social sciences, education and public affairs, in addition to many other areas. Print Edition] has consistently included in the list of national bestsellers, coupled with online subscriptions. Additional rankings published by U.s. News World Report and includes hospitals,News Today: Paul Krugman Has a Brutal Message for American Taxpayers, medical and specialty cars.
News Today: Paul Krugman Has a Brutal Message for American Taxpayers-News of the United States was founded in 1933 by David Lawrence (1888-1973), which also started the World Report in 1946. The two magazines are covering national and international news separately, but Lawrence combines them into news reports of U.S. in World and 1948 [1] and Later sold the magazine to its employees. Historically, this magazine tends to be a bit more conservative than the two main competitors, Time and Newsweek, and focus more on the story of economic, health, and education. It's also distancing news, entertainment and sports celebrities. [2] an important milestone in the history of the beginning of the magazine is including the introduction of the "Washington Whispers" column in 1934 and the column "News You Can Use" in 1952. [3] [4] in 1958, the circulation of the weekly magazine passed one million and two million in 1973. (wikipedia) News Today: Paul Krugman Has a Brutal Message for American Taxpayers
If you think you're benefiting from the Trump tax cuts, think again.
Last month, Rep. Paul Ryan (R-WI) came under fire for celebrating the $1.50 weekly raise a public school secretary stands to gain from the recently passed Tax Cuts and Jobs Act. Ryan's outrageous statement is even more preposterous if you actually crunch the numbers. As Paul Krugman writes in his Thursday column, "How’s that $75-a-year saving going to look when the [secretary] finds out that, partly because of that tax cut, her mother’s Medicare plan has been converted into an inadequate voucher system and Medicaid won’t pay for her father’s nursing home care?"
While a slim majority of Americans now holds a favorable opinion of the Republican legislation, Krugman is here to warn them that they are being taken for a ride. That's because the federal government has "no business" cutting taxes at all.
"Why? The federal government, as an old line says, is a giant insurance company with an army," he writes. "Most of its costs come from Social Security, Medicare and Medicaid—and all three programs are becoming more expensive as ever more baby boomers reach retirement age. This means that unless we cut back sharply on benefits that middle-class Americans count on, we will need to raise more revenue than in the past."
We know how this story ends. Even before the president signed their monstrous bill, Republicans were already discussing the possibility of "entitlement reform"—despite the fact that candidate Trump promised not to lay a finger on programs like Medicare and Medicaid. So who stands to benefit from these huge tax cuts? It most certainly isn't lower- and middle-income earners.
"Most of the tax cut actually consisted of huge tax breaks for corporations, which is in effect a big tax cut for stockholders," Krugman continues. "And while many Americans own a bit of stock via their retirement accounts, even if you include these indirect holdings, more than 80 percent of stocks are owned by the wealthiest 10 percent of the population...The wealthy are giving themselves a big gift, and sending the bill to the middle class."
Krugman is willing to acknowledge there's "probably something" to the theory that lower taxes will eventually benefit workers, but not much. The process could end up taking decades, and there's no guarantee corporations won't simply pocket their savings.
Ultimately, his message to American taxpayers is simple: "If you think you were helped by the tax cut, think again. Donald Trump and his allies pretended to give you a gift, but they gave themselves and their wealthy patrons much bigger gifts—and they’re going to stick you with the bill. You’ve been scammed."
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