Wells Fargo CEO reveals the scam at the heart of Republicans’ tax bill

The House of Representatives is set to vote on the final version of the GOP tax bill Tuesday, with the Senate to follow close behind. Most Republican members of Congress are heralding the plan’s giant, permanent tax cut for corporations as the reason behind their support. The GOP argues that when corporations get a tax cut, they put that money toward creating more jobs and raising wages.

“Is it our goal to increase return to our shareholders and do we have an excess amount of capital? The answer to both is, yes,” Sloan told CNN Money. Goldman Sachs could also see a tax break worth up to $6 billion dollars from the GOP tax bill.

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