President Trump says that the Republican tax proposals represent the largest tax cuts “in the history of our country.” This is not even close to being true, unless perhaps Trump is talking about the benefits to his own family.
President Donald Trump has insisted, for months, that the Republican tax plan he supports won’t benefit him.
And earlier this month, according to NBC News, Trump told a group of Democratic senators in a phone call, “My accountant called me and said ‘you’re going to get killed in this bill.’”
In fact, Trump and his heirs potentially could save more than $1 billion overall under the GOP tax proposal that the House of Representatives passed Thursday, with most of that amount coming from a repeal of the estate tax, according to an analysis NBC News commissioned of Trump’s one known 2005 tax return and his estimated net worth. [Pols emphasis]
The degree to which President Trump personally benefits from the Republican tax reform plan may be debatable, but Trump has been trying to sell the American public on the absurd idea that he doesn’t benefit at all from the proposals.
Is it any wonder that public opinion is decidedly opposed to the GOP tax plans? In a recent poll conducted by Quinnipiac University, 59% of American voters say the Republican tax proposals benefit the wealthy at the expense of the middle class.