Los Angeles Times

Commentary: Beware the fine print in tax bills

The competing House and Senate tax bills differ in important respects, but they have this in common: a predilection to shower benefits on the very wealthy. The extraordinary reduction in the corporate tax rate to 20 percent is one obvious example. But the proposals' true perversity, and the real object of the drafters' munificence, is fully revealed only by reading the fine print. Take for instance their proposals to reward "pass-through" income with special discounted tax rates.

Certain kinds of businesses

You're reading a preview, sign up to read more.

More from Los Angeles Times

Los Angeles Times1 min read
Angels Broadcaster Mark Langston Taken To Hospital After A Medical Emergency
HOUSTON - Angels radio broadcaster Mark Langston was transported to a Houston hospital after suffering a medical emergency at Minute Maid Park on Friday evening. Langston was alert and undergoing testing, the Angels announced. There was no further in
Los Angeles Times3 min read
Kershaw Rocked Then Rolls
LOS ANGELES_If getting ejected for complaining about a strike call from the dugout and storming onto the field to berate an umpire were to inspire the Los Angeles Dodgers like it seemed to Friday night, then manager Dave Roberts might want to try it
Los Angeles Times5 min read
Michael Hiltzik: Can Trump Legally Revoke California's Clean Air Waiver? Probably Not
President Donald Trump's latest attempt to stick his thumb in California's eye - the revocation of the state's treasured authority to set its own auto emissions rules - rests on very shaky legal ground, experts say. At the very least, the move to rev