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PARTY OF TRUMP: TRICKLE-DOWN ECONOMICS

This truly is the Party of Trump. The man himself just touted his tax plan that would be a boon to the wealthy but leave the rest of us in the dust. And the rest of them? Not any better.

trickle down

Ted Cruz: Wonkblog: Ted Cruz’s “flat tax” proposal was a “colossal giveaway to the rich.”

John Kasich: “‘This looks like a pretty big tax cut for the top end and a little bit at the bottom,’ said Robertson Williams, a senior fellow at the Urban-Brookings Tax Policy Center. ‘There’s not much going to the middle class.’” [Associated Press, 10/15/15]

Marco Rubio: “If he wins his party’s nomination, though, Rubio will have to defend a tax plan that, while said to address the challenges of the middle class, includes a huge break that all-but bypasses the middle and greatly boosts the rich. It was a tax plan that was even too large for Romney himself to run on.”[Washington Post, 4/14/15]

Donald Trump: Donald Trump opposed letting the Bush tax cuts for the wealthy expire.

Ben Carson: Fox News’s Chris Wallace: experts say Ben Carson’s “flat tax” plan would raise income taxes on the poor while the wealthy “make like bandits.”

 

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