Winners and losers

That’s what tax bills are all about — who pays more and who pays less, who gets the benefits and who ends up holding the bag. President Donald Trump’s “Big, Beautiful Bill” should come as a surprise to no one. It’s a bonanza for the rich. The research is incontrovertible. The U.S. Treasury Department estimates that nearly 60 percent of the tax cuts, or about .5 trillion, would go to the top 10 percent of taxpayers over the next decade. A Yale Budget Lab analysis found that the top 1 percent of earners would receive an average tax cut of...

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