April 27, 2017
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10:46Now PlayingIf you guessed Donald Trump and his pack of spoiled rotten sociopaths, you're correct! Cenk Uygur and John Iadarola, hosts of The Young Turks, discuss. Tell us what you think in the comment section below.
"President Donald Trump’s tax proposal would likely amount to a fat tax cut for Trump himself.
The proposal, unveiled on Wednesday afternoon by Treasury Secretary Steven Mnuchin and National Economic Council Director Gary Cohn ― both alumni of Goldman Sachs ― offers more than a few breaks for the country’s millionaires.
At least three of these changes would almost certainly benefit the president or his family ― the elimination of the alternative minimum tax or AMT, the repeal of the estate tax, and a reduction on the tax rate for small business owners.
We know almost nothing about the current state of Trump’s personal taxes or that of his family business. The president could make it clear exactly how he and his family would benefit from his tax plan by releasing his tax returns, but he has consistently refused to do so, saying it’s impossible because he is under audit. (The head of the IRS said last year that being audited did not prevent an individual from releasing returns.)”*
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Hosts: Cenk Uygur, John IadarolaCast: Cenk Uygur, John Iadarola
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Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. A young person who rebels against authority or societal expectations.(American Heritage Dictionary)
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