The Republican tax law is bringing in far less money than claimed—but it's not an accident
the efficiency with which big U.S. corporations were able to extract a host of tax breaks from the Trump administration's "regulators" in the wake of the hastily scribbled-together 2017 Republican "tax cuts"
is a good example of this.
It has specific corporate names,
specific lobbyist efforts, and
the specific tweaks they won
to undermine whatever pretense the Republican law had of "closing loopholes" or, more critically,
meeting the revenue claims the Paul Ryans of the party blustered it would.
It is important because, as we all know, the overall effort has ended in a budgetary disaster.
That is not overstating things;
government coffers are expected to be down a trillion dollars in 2020, which is less a fiscal problem than an act of budgetary terrorism.
https://www.dailykos.com/stories/2020/1/12/1911025/-The-Republican-tax-law-is-bringing-in-far-less-money-than-claimed-but-it-s-not-an-accident
===============
How Big Companies Won New Tax Breaks From the Trump Administration
As the Treasury Department prepared to enact the 2017 Republican tax overhaul, corporate lobbyists swarmed — and won big.
https://www.nytimes.com/2019/12/30/business/trump-tax-cuts-beat-gilti.html
As always, the Big Lie was and eternally will be: Tax Cuts Pay For Themselves.