Last updated on July 17th, 2023 at 07:19 pm
Donald Trump is trying to pull a fast one on voters by removing his tax cuts for millionaires and billionaires plan from his website ahead of his economic speech.
When one goes to the Trump website tax reform section, they get a 404 error:
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What used to be on the website was a scam to redistribute $3.2 trillion upwards to millionaires and billionaires.
According to The Center For Budget and Policy Priorities:
Although millionaires represent less than 1 percent of the population, in 2025 they would receive 38 percent of the Trump tax cuts and nearly half — 47 percent — of the Cruz tax cuts. In contrast, the bottom 80 percent of the population would receive just 32 percent of the Trump cuts and 19 percent of Cruz’s. Thus, in aggregate, millionaires would gain more than the bottom 80 percent of households combined under Trump’s plan and more than twice as much as the bottom 80 percent of households combined under Senator Cruz’s plan.
Multi-millionaires would fare best of all. The TPC data indicate that in 2025, the richest 0.1 percent of the population — those with incomes of more than $5.2 million — would receive a larger share of the tax cuts than more than 60 percent of the U.S. population under Trump and more than 80 percent of the population under Cruz.
Part of the Trump reboot is a con job of a new tax plan that is going to maintain the same tax cuts for the wealthy but spin it to look more like Paul Ryan’s tax cut plan for the wealthy.
The tax plan may get a new name, but the results will be the same. The idea that Donald Trump is going to propose any plan that would help people who aren’t rich like Donald Trump is unbelievable.
Trump’s sputtering campaign is trying to reboot, and in the process, they are trying to get voters to forget that Donald Trump is going to cut taxes for the wealthy if he wins the White House.
Jason is the managing editor. He is also a White House Press Pool and a Congressional correspondent for PoliticusUSA. Jason has a Bachelor’s Degree in Political Science. His graduate work focused on public policy, with a specialization in social reform movements.
Awards and Professional Memberships
Member of the Society of Professional Journalists and The American Political Science Association
