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January 17, 2020

Report: Six Banks Reaped $18 Billion Last Year from Trump Tax Cuts
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A new Bloomberg analysis shows that six banks - JPMorgan Chase, Bank of
America, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley -
avoided paying a combined total of $18 billion worth of taxes last year
as a result of President Trump's tax cuts. This is Trump speaking
earlier this week.

President Donald Trump: "Mary Erdoes, JPMorgan Chase, they just
announced earnings, and they were incredible. Where - where are you?
They were very substantial. Will you say, 'Thank you, Mr. President,' at
least? Huh? I made a lot of bankers look very good."

The Treasury Department's inspector general has opened an investigation
into Trump's tax breaks.


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