Page 203 of Trump’s CARES Act

Buried away in the 880-page bill is something not related to the pandemic – tax relief for the rich:

“hedge fund managers, Wall Street lawyers, real estate tycoons like President Trump and big corporations grab nearly $200 billion by transforming old tax liabilities into fat refunds”

Amongst the ranks of real estate developers are of course Trump and his son-in-law Kushner.

In an emerging global crisis, Trump managed to look after himself, hoping nobody would notice. Quite likely it made his 4-year tenure massively more profitable that simply renting out his properties to aspects of the government.

Source:
https://americansfortaxfairness.org/issue/big-tax-loopholes-wealthy-snuck-cares-act-deserves-media-spotlight/

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