Following a confusing explanation of his tax plan on Meet The Press, rumors circulated that Donald Trump may be open to raising taxes on the super-rich. On CNN’s New Day this morning, Trump angrily fought back against this characterization of his tax-plan; Mr. Trump has a point. His tax plan would in fact be an unprecedented giveaway to the super-rich.
The Tax Policy Center determined the richest 0.1 percent would receive an average tax cut of $1.3 million under Trump’s plan. Trump claimed he would pay more under his plan, but fact checks revealed he would receive millions in benefits – the full extent of which cannot be calculated without the release of his tax returns.
While Trump has been adamant that his priority is reducing the tax-burden on the middle class, the actual substance of his tax plan reveals a series of tax breaks for the ultra-rich while generating trillions of dollars in new […]Read more after the jump.