The following post by the Editorial Board was posted on the Washington Post website October 1, 2017:
PRESIDENT TRUMP probably was untruthful when he insisted last week that his tax plan “is not good for me.” We can’t be certain, because Mr. Trump is asking us to take his word on the matter; he won’t release his tax returns. He is the first president in modern times, in fact, to so refuse. Before last week, questions centered on what his tax records might show about his connections, if any, to Russia. Now Mr. Trump has himself posed another crucial question: whether he is pushing tax cuts that could profit him and his family to the tune of millions of dollars.
This is no idle speculation. Though vague on crucial aspects, such as how to pay for it, Mr. Trump’s tax reform outline contains several specific proposals that would help the wealthy. The Urban-Brookings Tax Policy Center released Friday an analysis showing that, by 2027, the GOP tax plan would provide massive benefits to upper-income taxpayers even as it smacked large sections of the middle class with a net tax hike. Continue reading “Will Trump’s tax cuts profit Trump?”