American Bridge spokesperson Andrew Bates released the following statement after news broke that Donald Trump and congressional Republicans plan to combine new tax cuts for the wealthiest Americans with a tax increase on the middle class and the working poor.

​”​Behind closed doors, Donald Trump, Mitch McConnell and Paul Ryan are planning to further rig the U.S. economy for the rich at the expense of the the middle class and those fighting to enter it.  Just like on healthcare, Donald Trump is showing his true colors by breaking his promises and selling-out the American people with a stagger​ing​ new tax increase on the working poor.”

Axios: Republicans agree to raise bottom tax rate, double standard deduction

Jonathan Swan

Top White House and GOP leaders have agreed to raise the lowest individual tax rate from 10 to 12 percent, paired with doubling the standard deduction, 5 senior Republicans tell us.

Why this […]

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After Donald Trump tried to market his tax plan blueprint in Missouri with empty rhetoric, reviews from experts found that, as has been the case with Trump’s entire economic agenda, it  would hammer struggling Americans.

Trump’s tax proposal would instead further rig the U.S. economy for the wealthiest Americans – including Trump himself – with disproportionate and wasteful new tax giveaways, while failing to deliver the growth and opportunity that Trump promised the American middle class.

Here’s what they’re saying:

PUTTING TAX CUTS FOR THE WEALTHY AHEAD OF THE MIDDLE CLASS

Washington Post: “Trump speech will bash rigged system. But tax outline would benefit 1 percent.” [Washington Post, 8/30/2017]

Bloomberg: “Tax policy experts have said the dozen bullet points the White House released in April outlining its principles would undoubtedly mean lower taxes for top earners, while the impact on middle incomes was less clear.” [Bloomberg, 8/30/2017]

Quartz: “Most of Trump’s […]

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Just like on healthcare and jobs, Trump’s tax “plan” proves he is only out for himself – and that he’s lying about it

Totally contradicting the economic pledges that Donald Trump made to the American people last year, Trump is at it again today, this time selling a sham tax proposal that is nothing more than a windfall for himself and the rich. This follows a pattern for Trump; to date, each of his major initiatives have been rooted in an agenda will only further rig the American economy for rich Americans at everyone else’s expense – including the “forgotten men and women” he spoke of in his inaugural address.

It’s no surprise that Trump is disingenuously claiming his tax plan will have populist outcomes when it in fact won’t. Trump lies about everything and today is no different. His empty rhetoric, however, has already been discredited even before his speech begins, […]

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American Bridge spokesperson Andrew Bates released the following statement after details of conversations about tax reform between the Trump Administration and congressional Republican leadership were reported:

“After exploiting the presidency to personally profit and fighting for a plan that would have cost millions their healthcare – but cut his own taxes – Donald Trump needs to level with the public before Congress considers any tax reform plan: how much will he himself benefit?”

Politico: Trump’s team and lawmakers making strides on tax reform plan
The so-called Big 6 have found common ground on the best ways to pay for individual and corporate tax cuts.
By NANCY COOK 08/22/2017 05:22 AM EDT

President Donald Trump’s top aides and congressional leaders have made significant strides in shaping a tax overhaul, moving far beyond the six-paragraph framework pushed out in July that stoked fears about their ability to deliver on one of the GOP’s top […]

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