The Guardian: Trump's tax plan: massive cuts for the 1% will usher 'era of dynastic wealth'

[Miles Archer]

Trump's tax plan: massive cuts for the 1% will usher 'era of dynastic wealth'

https://www.theguardian.com/us-news/2016/nov/23/trump-tax-plan-cuts-wealthy-low-income-inequality

President Donald Trump is set to give America’s richest 1% an average annual tax cut of $214,000 when he takes office, while more than eight million families with children are expected to suffer financially under his proposed tax plan.

On the eve of the election, Trump promised to “massively cut taxes for the middle class, the forgotten people, the forgotten men and women of this country, who built our country”. But independent expert analyses of Trump’s tax plan show that America’s millionaire and billionaire class will win big at the expense of struggling low- and middle-income people, who turned out in large numbers to help the real estate billionaire win the election.

Experts warn that Trump’s tax plan will exacerbate America’s already chronic income inequality and herald in a “new era of dynastic wealth”.

Trump's tax plan overwhelmingly benefits the rich

The richest 1% will collect...



...47% of all tax cuts

“The Trump tax plan is heavily, heavily, skewed to the most wealthy, who will receive huge savings,” said Lily Batchelder, a law professor and tax expert at New York University. “At the same time, millions of low-income families – particularly single-parent households – will face an increase.”

[Horse with no Name]

1. those of us who were paying attention knew this

but they elected him anyway...because you know.....god guns gays bullshit

[Miles Archer]

2. 100% correct, and the reason I posted this was...

...I was shocked by the November 23rd date stamp on the piece.

It was linked to on Facebook by another page. At first I thought they dug it up from months ago. Not the case.

I posted this in a separate thread, but what we are really looking at here is Trump rubber-stamping Ryan's "Better Way" manifesto, which has been out there for a L-O-N-G time.

This really will be "news" to anyone who got their "news" from Fox, especially Hannity, as well as Breitbart, Limbaugh, etc.

It was never "made available" to that audience. And because that audience never dug deeper than the sources I just listed, Ryan just kept flying it under the radar until Trump got elected, and now he can't stop talking about it. Surprise Surprise.