Wednesday/ a laughable stunt from the King of Debt

‘A laughable stunt by a gang of plutocrats looking to enrich themselves at the expense of the country’s future’ .. says the New York Times of President Trump’s ‘tax plan’ outlined by his top lieutenants Steven Mnuchin and Gary Cohn (both multimillionaires and former Goldman Sachs bankers).

I could not agree more.  The seven points from the proposal (on the right) are from the New York Times. Broadly speaking (more details are needed), all the tax cuts will add anything from $2 trillion to $7 trillion in additional debt over the first 10 years. During the 2016 presidential campaign, Trump said he would get rid of the $20 trillion national debt in 8 years – perhaps the most stratospherically unattainable boast of all he has made, ever.

So yes – all this nonsense from a President that has refused to release his own tax forms, that has appointed his son-in-law and daughter to White House positions, with their world-wide business interests intact, and that has not even tried to put his own businesses at arm’s length to the presidency.

 

 

 

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