Amy Goodman
@DemocracyNow·3.2M subscribers·19.4K videos
"A Land Grab by the Ruling Elites": Trump's Tax Plan Derided for Benefiting the Rich
Posted
April 27, 2017
Views
32,657
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632
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April 27, 2017
32,657
632
189
2.51%
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11:35Now PlayingThe White House has outlined a plan to give the nation’s millionaires and billionaires a massive tax break while adding trillions of dollars to the U.S. deficit. The plan would lower the corporate tax rate to 15 percent, end the estate tax and end the alternative minimum taxa move that would solely benefit the richest Americans, including President Trump. A leaked 2005 tax return shows Trump paid out $36.6 million in federal income taxes that yearmost of it due to the alternative minimum tax. Former Labor Secretary Robert Reich described Trump’s tax plan as a form of class warfare. The tax plan was unveiled on Wednesday by two former executives at Goldman SachsTrump’s chief economic adviser Gary Cohn and Treasury Secretary Steven Mnuchinwho hailed the tax cuts. We speak to economist James Henry of the Tax Justice Network.
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