Sam Seder
@TheMajorityReport·2M subscribers·30.1K videos
Donald Trump Gives Incoherent, Erratic Speech On His Horrible Tax Plan
Posted
December 1, 2017
Views
28,938
Likes
532
Comments
134
Engagement
2.30%
December 1, 2017
28,938
532
134
2.30%
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10:19Now PlayingMajority Report Contributor Michael Brooks is hosting the show for Sam Seder today. In this clip, we watch Donald Trump's latest speech on taxes, where he suddenly drifted off to talk about North Korea.
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---President Trump likes to argue that the tax-reform legislation hurtling through Congress this week will protect low- and middle-income households, “not the wealthy and well connected.” He puts himself forward as Exhibit A.
“This is going to cost me a fortune,” he said on Wednesday in Missouri. “This is not good for me.”
So surely at least a few of the most egregious loopholes that benefit Mr. Trump and real estate developers like him will be closed.
Not in the slightest.
In fact, the proposals seem almost tailor-made to enrich the president and people like him.
“Commercial real estate came out essentially unscathed,” said Douglas Holtz-Eakin, president of the American Action Forum, a conservative advocacy group. Real estate developers “didn’t lose anything they care about,” and they got even more breaks, like a shorter depreciation schedule in the Senate tax bill, Mr. Holtz-Eakin pointed out.---
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