Friday, September 23, 2016

Reich: Every Aspect of Trump's Trickle-Down Economic Plan Benefits Him

Donald Trump poses as a working-class populist, but about his new economic plan would be a gusher for the wealthy. And almost nothing will trickle down to anyone else.

He’d knock down the top tax rate on businesses from 35 percent to 15 percent, thereby richly rewarding the investor class. He’d cut taxes the top tax rate on the wealthy from 39.6 percent to 33 percent, another boon to the top.

He’d eliminate the estate tax—now paid by a relative handful of families whose net worth exceeds $5.5 million. Not incidentally, this is an especial windfall for the Trump family. If Trump is worth as much as he says, his heirs would get a tax break of $4 billion to $7 billion....
http://www.alternet.org/election-2016/reich-every-aspect-trumps-trickle-down-economic-plan-benefits-him


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