In most cases, it’s best practice to cut through the media noise and go straight to the source to understand what’s happening in public policy. Donald Trump’s tax plan is not one of those cases.
The president is crisscrossing the country giving speeches to crowds about his plan to cut taxes on the very wealthy. Of course, he’s not using those words, but that’s what his plan will do.
If you want to understand what’s in Trump’s latest tax plan, skip the bluster and look straight at the numbers.
Three figures in particular shed a light on the actual impact of the plan.
Trump’s tax plan is essentially a collection of tax cuts for individuals and businesses. Of the cuts on the individual side, 80 percent of them will go to the wealthiest 1 percent, according to the nonpartisan Tax Policy Center.
When Trump says he’s out to help the middle class and not the rich, his words are directly countering the actual impact of the plan. This could be because he doesn’t understand his own plan — a valid possibility.
More likely, though, it’s because he’s lying through his bleached teeth.