The briefing paper linked below uses Penn-Wharton and IRS data to show how the financial sector is a big winner from the passage of the Tax Cuts and Jobs Act, with almost $250 billion in tax benefits over the next decade flowing to financial firms
AFR’s Senior Policy Analyst Alexis Goldstein appeared on CNN Newsroom with Brooke Baldwin on Wednesday, April 26th to discuss how the Trump Administration’s tax plan would benefit Wall Street and leave ordinary American workers behind. “We have two former bankers from Goldman Sachs announcing a tax plan that–from the details that we do know–will dramatically cut taxes for big banks like Goldman Sachs,” Goldstein said.