Day: December 18, 2020

Millionaire Republican Cites Deficit To Block Aid — After Enriching Himself With Special Tax Cuts

Ms. Cat

Millionaire Republican Cites Deficit To Block Aid — After Enriching Himself With Special Tax Cuts

Financial disclosure records reviewed by The Daily Poster show Johnson and his wife own a limited liability corporation, which is the kind of pass through entities that were targeted for tax cuts by Johnson’s 2017 legislation. Their LLC owns an industrial building in Oshkosh, Wisc., that is worth between $5 million and $25 million and generated as much as $1 million in income last year.

Related:

Republican Senator Who Voted for Trump’s $1.5 Trillion Tax Cut for the Rich Blocks $1,200 Stimulus Checks

Michael Linden, executive director of the Groundwork Collaborative, noted on Twitter following Johnson’s objection that “another round of stimulus checks at $1,200 would be roughly 1/7 of the size of the Trump tax cuts which Senator Johnson happily supported.”

White House aides reportedly stepped in to keep Trump from calling for $2,000 stimulus checks, fearing it could torpedo relief negotiations

Ms. Cat

White House aides reportedly stepped in to keep Trump from calling for $2,000 stimulus checks, fearing it could torpedo relief negotiations

President Donald Trump was talked out of calling for $2,000 direct payments to Americans because it might’ve derailed fragile relief talks between Republicans and Democrats, The Washington Post reported.