Surely, most people realize that you cannot trust anything that Donald Trump and the GOP say. The Tax Plan, which they released this past Wednesday, was a charade–focusing on what the middle class might expect, while burying the real meat, which they don’t want us to see. This plan is intended to reinitiate the Bush Era tax cuts, skewed to the top one percent. Additionally, they are selling the repeal of the Estate Tax–from which only 6,000 of the very wealthiest families will benefit–which adds to the top one percent of taxpayers. Those cuts, early on in Bush 43’s first Administration contributed t The Great Recession (4Q07-1Q09).
There is no “reform” included in the proposal; but, rather, that is merely to enhance the appeal to the middle class. Trump and the Republicans have claimed ad nauseum that America has the highest personal and corporate tax rtes on earth. Au contraire, both of those rates fall in the dead center, after deductions and loopholes, according to the OECD organization of industrialized nations.
Oftentimes, Donald Trump meanders around in various directions, suggesting one thing and then another; but in the end, he often reverts back to something that he said on the campaign trail. Rather than get bogged down analyzing a his short outline, I am including a blog post that I published last January. As you can see, little has changed after his nine months in office.