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MSNBC Velshi August 14, 2021 12:45:00

Country got $1 billion in tax savings from this provision in the first year alone. so this part of the trump tax bill was extremely tilted towards the richest people in the country. there was, you know, it s in keeping with the whole gist of the bill that would benefit medical class american not just in terms of tax cuts but the wealth it would create and the debt it wouldn t create neither of which turned out to be true. we knew it at the time. we would argue at the time with republican lawmakers how come the carried interest loophole is in here. they all said we re going to do away with loopholes in this bill. we re lowering the tax rate. we re broadening the base of people who will actually pay taxes. should be a net win for everyone. it wasn t. right. certainly many ordinary americans did get a modest tax break if you live in new york or california it s possibly your taxes went up because of some of ....

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