A Wednesday report from The Intercept spotlighted the role of a top Joe Biden adviser in pushing Donald Trump’s corporate tax cuts.
While working as a lead lobbyist for Apple, Cynthia Hogan allegedly helped push Trump’s 2017 Republican tax law — the Tax Cuts and Jobs Act — which decreased the previous 35 percent corporate tax rate to 21 percent. The cut purportedly benefitted the wealthiest 1 percent of America. Notably, the Center for Public Integrity found that the cut drove Apple’s stocks to record highs and lined the pockets of shareholders.
As reported by Forbes, the decreased taxes also paved the way for an all-time record in America — billionaires paid lower taxes than the working class in 2018.
According to The Intercept, disclosures revealed that Hogan worked as an Apple lobbyist who pushed the Senate, House, and Treasury Department on various issues, including corporate and international tax reform, as well as “issues related to state sales tax, mobile workforce, and taxation of digital goods.”
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