Trump Says His Tax Plan Won't Benefit the Rich—He's Exactly Wrong
When the nonpartisan Tax Policy Center analyzed the proposal, it found that the vast majority of benefits would go to corporations and the top 1 percent of earners.
Releasing a long-negotiated and long-awaited Republican tax plan this week, the Trump administration made three promises.
First, the plan would not cut taxes for America’s richest households. “The wealthy are not getting a tax cut under our plan,” Gary Cohn, Trump’s top economic advisor, . Second, the plan would slash taxes for America’s middle class. “Our framework includes our explicit commitment that tax reform will protect low-income and middle-income households, not the wealthy and well-connected,” President Trump said in a . “They can call me all they want. It’s not going to help. I’m doing the right thing, and it’s not good for me. Believe me.” Third, the tax Fox Business Network. “That’s a large number.”
