Another Republican scam like their tax cut
As he tries to compensate for his own mishandling of the economy, Donald Trump appears to be floating a tax giveaway that would go almost entirely to the wealthy. He has no plan except more looting to reward his rich buddies. https://t.co/oLJtiN31qr
— Elizabeth Warren (@ewarren) August 30, 2019
Trump spending the morning touting a proposal to index capital gains to inflation
— Judd Legum (@JuddLegum) August 30, 2019
Apart from just sending millionaires checks, it’s hard to think of a tax cut more targeted to the ultra rich
Take it from the conservative think tank economist. https://t.co/DpMblVzKmq
— Slate (@Slate) August 31, 2019
Trump last week on indexing capital gains to inflation: “I think it will be perceived if I do it as somewhat elitist. I don’t want to do that.”
— Catherine Rampell (@crampell) August 30, 2019
Trump tweets today: pic.twitter.com/HBMEyLAMfY
Trump's proposal to index capital gains to inflation — even aside from giving the vast bulk of the benefits to the wealthy — falls into that category. Bc capital gains would be indexed, but other things not, huge possibilities for tax arbitrage 4/
— Paul Krugman (@paulkrugman) September 1, 2019
1/3
— Dwight Evans (@RepDwightEvans) August 30, 2019
Trump is looking at bypassing Congress to do ANOTHER giveaway to the wealthiest 1%.
This new #GOPTaxScam is illegal & here’s why it wouldn’t help the economy, either:https://t.co/HXNSvJoEB2
Sad! 