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<blockquote data-quote="fishtm2001" data-source="post: 5990720" data-attributes="member: 54375">&quot;Even if one takes seriously the idea that the best plan for America is making consumer goods cost much more, the overall effects of this proposal benefit, of course, the rich. The Institute on Taxation and Economic Policy <a href="https://www.commondreams.org/news/trump-tax-plan" target="_blank">found</a> that taxes would increase for all but the top 5% under Trump’s plan. No one should be surprised that Trump, who managed to pay <a href="https://www.nytimes.com/2020/09/29/us/trump-750-taxes.html" target="_blank">only $750</a> in income tax in 2017, despite reporting income of over $14 million that year, would fixate on tax abatement as What the People Really Want. However, regular folks can’t take advantage of the pro-business tax breaks that allow Trump to offset his considerable income with tax credits for his <a href="https://www.nytimes.com/interactive/2020/09/27/us/donald-trump-taxes.html" target="_blank">even more considerable</a> business losses. Nor did regular folks benefit from Trump’s massive 2017 tax cut, which made the extremely wealthy <a href="https://americansfortaxfairness.org/billionaires-2-2-trillion-richer-since-2017-trump-gop-tax-law/" target="_blank">even more</a> extremely wealthy but <a href="https://www.americanprogress.org/article/the-tax-cuts-and-jobs-act-failed-to-deliver-promised-benefits/" target="_blank">didn’t help</a> the rest of us.&quot;DK</blockquote>

[QUOTE="fishtm2001, post: 5990720, member: 54375"] "Even if one takes seriously the idea that the best plan for America is making consumer goods cost much more, the overall effects of this proposal benefit, of course, the rich. The Institute on Taxation and Economic Policy [URL='https://www.commondreams.org/news/trump-tax-plan']found[/URL] that taxes would increase for all but the top 5% under Trump’s plan. No one should be surprised that Trump, who managed to pay [URL='https://www.nytimes.com/2020/09/29/us/trump-750-taxes.html']only $750[/URL] in income tax in 2017, despite reporting income of over $14 million that year, would fixate on tax abatement as What the People Really Want. However, regular folks can’t take advantage of the pro-business tax breaks that allow Trump to offset his considerable income with tax credits for his [URL='https://www.nytimes.com/interactive/2020/09/27/us/donald-trump-taxes.html']even more considerable[/URL] business losses. Nor did regular folks benefit from Trump’s massive 2017 tax cut, which made the extremely wealthy [URL='https://americansfortaxfairness.org/billionaires-2-2-trillion-richer-since-2017-trump-gop-tax-law/']even more[/URL] extremely wealthy but [URL='https://www.americanprogress.org/article/the-tax-cuts-and-jobs-act-failed-to-deliver-promised-benefits/']didn’t help[/URL] the rest of us." DK [/QUOTE]

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