(Common Dreams) -- If you’re expecting a gift card from your boss as an end-of-year bonus, enjoy it this year because you probably won’t get one in 2018.
The Senate tax bill would ban such rewards. Why? Because Republican lawmakers are determined to prevent ordinary workers from pocketing a $25 or $50 gift card without reporting it as taxable income.
Meanwhile, these same politicians are planning to dole out billions of dollars in tax breaks to the very wealthiest Americans.
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For example, they’re planning to gut or entirely eliminate the estate tax, a curb on extreme wealth concentration that currently applies only to fortunes worth more than $11 million per couple.