Yglesias: What Trump Says Isn’t What His Tax Plan Does

Posted by | September 28, 2015 21:00 | Filed under: News Behaving Badly Politics

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Most of the benefits flow to the top 1%, as it does with any other Republican running for president.

The issue seems to be that rather than reading Trump’s policy, some reporters paid too much attention to Trump’s rhetoric. Trump’s plan would, in fact, slightly raise the rate paid by managers of hedge funds on some of their income (though he would cut taxes for most hedge fund managers overall), and he said during his speech that his plan “is going to cost me a fortune.”

But while this is what Trump said, it’s pretty clearly not what his plan actually does. A quick analysis by the Center for Tax Justice suggests that about one-third of the financial benefit of Trump’s plan would flow to the richest 1 percent.

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Copyright 2015 Liberaland
By: Alan

Alan Colmes is the publisher of Liberaland.

8 responses to Yglesias: What Trump Says Isn’t What His Tax Plan Does

  1. tracey marie September 28th, 2015 at 21:09

    Getting rid of the estate taxes, cutting the rate for investments, stock options, capital gains gives more money to the wealthy.

    • Mensa Member September 28th, 2015 at 21:22

      It’s a travesty that people who make their living lounging at the pool would pay a lower rate than the guy who cleans the pool.

      • tracey marie September 28th, 2015 at 21:52

        It is terrible, we can thank reagan for that debacle.

    • Betty Taylor September 28th, 2015 at 23:32

      as Jennifer implied I’m shocked that a student able to profit $6943 in four weeks on the computer . read the article of 19952 Dollars monthly,I’m finally getting 97 Dollars an hour,just working 4-5 hours daily online.….. Weekly paycheck… Bonus opportunities…earn upto $16k to $19k /a month…Only a few hour required to understand and start working,…..klk….

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  2. Allison Renée Alworth September 28th, 2015 at 22:06

    When I heard about this tax plan and then read about it, it just didn’t seem to add up; everyone pays less, corporate taxes go down, zero net gain or loss of revenue generated? It doesn’t make any sense, except in Trumpworld, which is next to the planet that Carly lives on, with her Planned Parenthood abuses, no matter how contrived. They’re all promising rainbows and unicorns to get votes, and their supporters are never going to see them.

  3. William September 28th, 2015 at 23:03

    Anyone with an IQ higher than that of a turnip knows enough to take everything Trump says and divide it by fifty.

    • Larry Schmitt September 29th, 2015 at 04:31

      8. I’m really, really rich. You wouldn’t believe how rich I am.

  4. Larry Schmitt September 29th, 2015 at 09:58

    http://billanddavescocktailhour.com/the-trickle-down-theory/

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