Friday, August 10, 2018

Trump’s Treasury Department Just Made Greedy Banks Even Richer


The Treasury Department has decided that banks don’t actually provide “financial services” as part of their business. While this is obviously laughable, that simple reclassification allows big banks to qualify for even more tax breaks under the Republican tax scam package that went into effect this year. Ring of Fire’s Farron Cousins explains how the new scam works.