Send a Tweet
Most Popular Choices
Share on Facebook 1 Share on Twitter 1 Printer Friendly Page More Sharing
OpEdNews Op Eds    H2'ed 11/16/17

One Monstrosity Trump Won't Want His Name On

By       (Page 1 of 1 pages)     (# of views)   1 comment
Author 8272
Message Jim Hightower
Become a Fan
  (42 fans)

From Other Words

- Advertisement -

As a developer, Trump made millions and left his partners with the debt. His tax plan is no different.


(Image by (Photo: Tony Webster/ Wikimedia Commons))   Details   DMCA

If you've been to any of the cities graced with a Trump hotel, casino, or resort, you know that The Donald splashes his name in giant, gaudy letters across every structure he owns -- preferably in gold.

- Advertisement -

Now he's taken ownership of a massive new structure, but he might not want his name on this one. It's Trump's towering re-do of America's tax law. And it's truly golden -- for the super-rich, that is.

The plan reveals in hard numbers whom this presidency really serves: Not just the 1-percent, but the one-tenth of 1-percenters who are multi-millionaires. People like Trump himself.

First and foremost, the Trump tax plan slashes the payments that giant corporations make to support our nation. He claims that this will let corporate elites raise the wages of workers and create jobs, winking at the fact that, of course, the elites will pocket every dime of his tax giveaways.

- Advertisement -

And -- shhhh -- he doesn't mention a little secret gotcha: A third of his corporate benefits go to foreign owners of American corporations.

Meanwhile, Trump's luxurious new tax structure eliminates many benefits for middle class families, such as tax deductions for medical expenses, college tuition, and interest paid on student loans.

He wants modest-income families to pay more, so he can eliminate current taxes on his own uber-rich family -- including killing the alternative income tax paid by the rich, and the estate tax, which applies only to the immense fortunes of a handful of America's richest families.

Did I mention that the gilded tax structure proposed by this self-described business genius would hang an additional $1.5 trillion in debt around our children's necks?

No surprise, for Trump's grandiose luxury projects were often built with other people's money. Trump would cash in before he slipped away, leaving others to grapple with the bankruptcy.

 

- Advertisement -

Must Read 3   Well Said 2   Supported 2  
Rate It | View Ratings

Jim Hightower Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Jim Hightower is an American populist, spreading his message of democratic hope via national radio commentaries, columns, books, his award-winning monthly newsletter (The Hightower Lowdown) and barnstorming tours all across America.

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
Name
Email
   (Opens new browser window)
 

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

The Trans-Pacific Partnership is not about free trade. It's a corporate coup d'etat -- against us!

Trump Hates the American Public -- Here's How He Reveals His Disdain

The Post Office is not broke -- and it hasn't taken any of our tax money since 1971

The plutocrats who bankrolled the GOP primaries -- and what they want in return

Citizens United Against Citizens United: A Grassroots Campaign to Restore Democracy

The Audacity of Greed