The Senate dropped its version of the so-called Tax Cuts and Jobs Act late last week, and it hardly even puts lipstick on that pig of a House bill. The Senate's bill would keep the health care deductions the House bill would eliminate, but would still eliminate state and local tax deductions, property tax deductions, and the Alternative Minimum tax, plus it would impose a "territorial" system for corporate taxes (that only encourages corporate tax "offshoring" of profits) and cut the top income tax bracket from 39.6% to 38.5%. The Senate's bill would keep the Estate Tax, but would still cut it dramatically; the Senate bill would also delay the corporate tax rate cut for one year, but that's an accounting gimmick, since it would start in 2019. Both these tax "reforms" benefit the wealthy and not working families (versus, say, the reforms I advanced in the fourth paragraph of this post); hence, today requires another phone call to your Reps and Senators demanding that they oppose the House and Senate tax reform bills. So use the tools in the upper right-hand corner of this page (or the bottom of this page, if you're on a cellphone) to find their phone numbers.
Meanwhile, President Trump is winding down his bigly tour of Asia, and if you thought he'd be tough with China while he was out there, given how tough he talked about China during the campaign, well, you might have been disappointed, as Mr. Trump not only went far out of his way to flatter the Chinese President, but even gave China "great credit" for "taking advantage of another country (i.e., ours) for the benefit of its own citizens." And you'll be interested to know that the Trump Administration has restarted work on the Bilateral Investment Treaty (or BIT) our government has been on-and-off negotiating with China for the last few years, a treaty which, like the "free" trade pacts Mr. Trump slammed repeatedly on the campaign trail, includes an "investor-state tribunal" that would nullify our laws and force us to give bailouts to foreign corporations for the heinous crime of passing strong clean air, clean water and labor laws that "cause" investors to "lose money." Mr. Trump withdrew America from TPP, and good for him, but wouldn't demand an end to investor-state tribunals in NAFTA, and won't do so here, either, unless we demand it. Hence Public Citizen helps you tell the Trump Administration to shut down BIT negotiations with China.