Trump's tax proposal: raise taxes on the poor, give to the rich

[estebxx]

Hiku said:

estebxx said:

"In 2018, the average tax bill for all income groups would decline."

So he is not cutting taxes on the rich and raising them on the poor, but instead he is cutting them for both but more for the rich? did i got that right?.

More for the rich is an understatement. About 80% of Trump's tax benefit go to the top 2% most wealthy in the country.
1% for an average minimum wage person is like $14 dollars.
1% for Bill Gates is a whole lot more than that. Many trillions of dollars are taken out of the tax economy, and majorly funneled towards the most wealthy. And the poorest in the country are footing the bill for this, with for example cuts to Medicare by $473 billion, and Medicaid by $1 trillion.

Republican's call this system "trickle-down economics".

It's the (absurd) idea that if you pile up most of the nations wealth on the most wealthy, it will eventually "trickle down" on the middle and lower class.
Problem is this has never worked in the US.


https://www.youtube.com/watch?v=RcsJGOTnQ1E

This is why the rich mostly fund the republican party, because they want these big tax breaks.
To get the people on board, they tell them that they will cut taxes for them as well. Yeah, 1 dollar extra a month for you Timmy, and 500k extra a month for you, Mr Rockefeller. Just don't tell Timmy that he is paying for this in other ways.

So he IS cutting taxes for both.