“A Land Grab by the Ruling Elites”: Trump’s Tax Plan Derided for Benefiting the Rich

Posted by Planet Waves

taxes

The 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 tax—a move that would solely benefit the richest Americans, including Donald Trump.

Links to today’s show transcripts:

“A Land Grab by the Ruling Elites”: Trump’s Tax Plan Derided for Benefiting the Rich
The 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 tax—a move that would solely benefit the richest Americans, including Donald Trump. A leaked 2005 tax return shows Trump paid out $36.6 million in federal income taxes that year—most 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 Sachs—Trump’s chief economic adviser Gary Cohn and Treasury Secretary Steven Mnuchin—who hailed the tax cuts.

Vermont’s First Woman Gov. Madeleine Kunin on Protesting Trump, Helping Women Run for Office & More
As Donald Trump approaches his 100th day as president on Saturday, his approval ratings are the lowest any president has had at this stage in generations. A recent poll by NBC News and The Wall Street Journal found just 40 percent of Americans currently approve of his job performance. Trump took to Twitter to call the poll “totally wrong.” In 1997, former Vermont Governor Madeleine May Kunin became just the fourth woman in U.S. history to be elected governor whose husband had not previously served. Kunin was born in Switzerland in 1933 and came to the United States as a child. She later served as U.S. ambassador to Switzerland. In recent months, she has been a vocal critic of President Trump. She recently participated in the Tax Day march in Burlington, Vermont, and also wrote a piece thanking Trump for “waking us from our slumber.”

ICE Detains Mexican Man Who Sought Sanctuary in Denver Church for Nine Months
A Mexican immigrant named Arturo Hernández García was arrested Wednesday morning by U.S. Immigration and Customs Enforcement. Hernández García had sought sanctuary from deportation at the First Unitarian Society church for nine months until July 2015, when he was told he was no longer a priority for deportation. Supporters of Hernández García say he has been targeted in part because of his immigration activism.


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