Kali Akuno: Tax Bill is One of Greatest Transfers of Wealth from Working Class to Rich in History
Republican lawmakers are pressing forward on a final vote on President Trump's tax plan, which would shower billions of dollars upon the wealthiest Americans, including Trump and his family members. The New York Times reports those who will be most hurt by the tax plan include the elderly, low-income families, immigrants, people buying health insurance, the island of Puerto Rico and homeowners in the states of New York, New Jersey and California. The Congressional Budget Office estimates 13 million Americans are projected to lose their health insurance under the plan. It will also impose a new requirement that families must provide a Social Security number to claim the child tax credit-meaning many undocumented parents will no longer be able to receive this credit even if their children are U.S. citizens. We speak with Kali Akuno, co-founder and co-director of Cooperation Jackson, a network of worker cooperatives in Jackson, Mississippi.