Monday, January 27, 2020

Scores of Republican lawmakers enriched themselves off the Trump tax cuts, report says

https://markets.businessinsider.com/news/stocks/republican-lawmakers-enriched-themselves-made-money-trump-tax-cuts-report-2020-1-1028843965?fbclid=iwar0ufw2z6l9ysrx6grpbl19fwsszqrppi-_iy0h5rwkprzxgr0h9znfypic

Joseph Zeballos-Roig
Jan. 24, 2020, 01:51 PM

Many Republican lawmakers profited off the tax cuts President Trump signed into law in 2017, according to a joint investigation by Center for Public Integrity and Vox on Friday.

The report sheds light on the lack of federal guardrails in place that prevents lawmakers from crafting and passing legislation they stand to benefit from.

Forty-six of the 47 Republicans across three congressional committees responsible for drafting the law held stock and stock mutual funds, according to the report, which reviewed members' financial disclosure forms. The law likely shaved hundreds of thousands of dollars off their tax bills.

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