That was the plan all along...!
Expert: Analysis shows Trump tax plan “taking money” from bottom 95% and “giving it” to richest 5%
"This is an enormously redistributive tax plan from low- and middle-income families to the wealthiest Americans"
By Tatyana Tandanpolie
Published October 8, 2024
Excerpt: "Former President Donald Trump's proposed tax plan would create tax cuts for the nation's top 5% of earners while leaving the rest of Americans to shoulder tax increases by 2026, according to a new analysis.
"The report, released Monday by the Institute on Taxation and Economic Policy (#ITEP), found that enacting Trump's tax proposals would offer the richest 1% of earners an average tax cut of over $36,300, while the next highest 4% of earners would see average tax cuts of nearly $7,200. The remaining 95% of Americans, however, would see average tax increases, spanning from just over $600 to nearly $1,800 depending on where they fall in the country's income distribution.
"With just under a month left before Election Day, the ITEP analysis offers a comprehensive look at the combined impact on Americans of all the GOP nominee's tax proposals should he reclaim the White House and implement them. While Trump has boasted about these tax policies' money-saving potential in appeals to everyday Americans on the campaign trail — especially his broad-based #tariff proposal — ITEP researchers concluded that the projected tax changes would hit working-class Americans the hardest while disproportionately benefitting the wealthy."
Read more:
https://www.salon.com/2024/10/08/expert-analysis-shows-plan-taking-money-from-bottom-95-and-giving-it-to-richest-5/
#TaxTheRich #KillThePoor #PayYourFairShare #EatTheRich #Millionaires #Billionaires #CEOs #USPol #TrumpTaxPlan