The size and depth of the lie that White House Chief of Staff Reince Priebus told about Trump’s tax plan on ABC’s This Week revealed that the White House knows that Trump’s tax plan is likely doomed to fail.
Donald Trump’s plan to repeal the Estate Tax would be a windfall for Trump’s own children who could get as much as $4 billion tax cut, as at least 24 million Americans are facing the loss of their health insurance coverage.
Not only will 47% of Donald Trump’s proposed tax cuts go to the top one percent, but his tax plan will raise taxes on 26 million Americans who are part of 8.5 million low-income families.
The conservative-leaning Tax Foundation has evaluated Donald Trump’s tax plan and found that the plan would cost the US trillions of dollars and grow the incomes of the top one percent by 10%-16%.
Donald Trump gave a speech to outline his economic vision that was completely divorced from facts and reality that offered an empty fairy tale of Trump fixing an economy that isn’t broken with tax cuts for the wealthy.
