Friday, May 6, 2016

TRUMP TAX PLAN: A TAX GIVE AWAY TO THE RICHEST 1% Even Trump says it is not good for the middle class.

http://news.groopspeak.com/trump-may-have-just-cost-himself-the-election-accidentally-admits-his-tax-plan-is-a-fraud/


Donald Trump released a very detailed tax plan back in September of 2015 (perhaps the only comprehensive plan he has to date on any policy issue) that claims to provide “major tax relief for middle-class Americans.” The only problem with this is that several analyses have found that isn’t true. In fact, the wealthiest 1 percent will receive most if not all of the cuts, while everyone else will receive very little in comparison – if at all.
When he was called out by CNBC for this, during their interview with Trump on Thursday morning, Trump accidentally admitted that it was true.
Here’s an excerpt of the conversation:
CNBC: Given that you’ve championed the middle class so much in your speeches, one of the critiques of your tax plan is that 40 percent…of the tax cuts end up going to the top 1 percent under the current plan. How do you square that?
TRUMP: I will say this, and I’m not necessarily a huge fan of that.

You’re not a fan of that, your own tax plan?

One of the things people love about Trump and hate about politicians is that he’s so politically incorrect and isn’t afraid to say what’s on his mind. That may be true here, as well. But – when you’re a candidate running for the presidency, and you release a tax plan that says it helps the middle class, you don’t admit later on that your tax plan is not good for them. That’s traditionally known as flip-flopping. Actually, that’s exactly what it is, and Trump just did it – there’s no question about that.
Trump then went on to say that even though he’s not a fan of his own tax plan (crazy, we know), he still wants to help the middle-class. Really, now? Why didn’t you release a plan in the first place that shows us how you intend to do that?
TRUMP:  (But) I’m so much more into the middle class who have just been absolutely forgotten in our country. When you put out a tax plan, you are going to start negotiating. You’re not going to say, ‘Okay, this is our tax plan, lots of love folks.’ There’s going to be a negotiation back and forth.”
Okay, this may be true. But – again – that still doesn’t resolve the fact that your detailed tax plan leaves out the middle class. It gets even worse, though.

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