NOTE: We still have no knowledge how either the House GOP or Senate GOP tax cut/corporate welfare bills will impact Pres. Trump and his family members/White House advisers because he has refused to let the people of the country he was elected to represent know what his financial situation is.
The following article by Glenn Kessler was posted on the Washington Post website November 9, 2017:
The wealthiest Americans pay the largest proportion of taxes. Consequently, any tax cut, unless very carefully tailored, will benefit them. (Meg Kelly/The Washington Post)
“The deal is so bad for rich people, I had to throw in the estate tax just to give them something.”
— President Trump, in reported comments to Senate Democrats, Nov. 7, 2017
We do not normally fact-check secondhand comments, but the White House does not dispute this phrasing. Moreover, it cries out for a fact check. Is there really nothing in the House GOP tax plan for the rich but repeal of the estate tax?
Let’s take a look.
Continue reading “Trump’s claim that the House GOP bill is ‘so bad for rich people’”