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Louisiana teachers' union concerned about educators' future; Supreme Court hears arguments in Trump immunity case; court issues restraining order against fracking waste-storage facility; landmark NE agreement takes a proactive approach to CO2 pipeline risks.

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Speaker Johnson accuses demonstrating students of getting support from Hamas. TikTok says it'll challenge the ban. And the Supreme Court dives into the gray area between abortion and pregnancy healthcare, and into former President Trump's broad immunity claims.

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The urban-rural death divide is widening for working-age Americans, many home internet connections established for rural students during COVID have been broken, and a new federal rule aims to put the "public" back in public lands.

Report Finds Trump Tax Plan Benefits Few Virginians

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Friday, August 4, 2017   

RICHMOND, Va. – President Donald Trump's tax proposals would do little for most Virginians, according to a new analysis.

The report from the Institute on Taxation and Economic Policy finds the richest one-percent of Virginians would receive 60-percent of the tax cuts in the plan, with the poorest 20 percent getting less than one percent.

Matt Gardner, a senior fellow at the institute, says that trend is echoed on a larger scale.

"Richer states tend to do better, poorer states tend to do worse," he says. "In a way, that mirrors what's happening nationwide, with richer Americans getting the lion's share of the benefits and poorer Americans being comparatively left out in the cold."

Proponents of Trump's proposal say all Americans will see their taxes reduced, and claim the move will create more revenue by stimulating economic growth.

Gardner disagrees, and notes the nation's top earners would receive an average of $145,000 dollars in tax breaks, compared with just $90 for the bottom 20 percent of earners in Virginia.

Gardner adds there's no evidence to support the supply-side argument that tax cuts can pay for themselves. He says the tradeoff on nearly $5 trillion in lost tax revenue would likely be cuts in health-care, education and food-assistance programs.

"Under any realistic view of the economic consequences of this plan, we're going to see larger budget deficits," he adds. "First on the chopping block would be federal aid to low-income Americans."

The White House also has proposed cutting SNAP benefits, the program once known as food stamps, by 25 percent over the next decade. But 70 percent of SNAP recipients are children, seniors and people with disabilities; and more than 20 percent work full-time, are caregivers or are enrolled in training programs.


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