Thursday, August 02, 2018

Betraying Trump's Nobodies

President Trump called to speak on air to one of his most loyal fans yesterday and told Rush Limbaugh "outside of Washington you have the greatest people in the world."

This is a rare instance of Trump being accurate, given that he and the other swill in his Administration now reside in the Washington area.  However, Limbaugh stated

You know, I do understand it. I understand the bond that those people attending your rallies have with you and you with them. I’ve seen it. I know why it exists. And you are consistent. Things you said during the campaign are things you still say today. You haven’t given anybody reason to doubt you. You haven’t betrayed anybody or made them think that you’re going to.

During the campaign, Trump often was vague and gavecontradictory indications about his tax plans. On n May 8, 2016 he explained his tax proposal on Meet the Press and stated "business might have to pay a little bit more. But we're giving a massive business tax cut." However, (slightly) more clearly said "the middle class has to be protected. The rich is probably going to end up paying more."

He never intended that to be the case:

The Corporate Tax Scam of 2017 conferred the vast majority of its benefits upon the wealthy. Evidently, that was not enough for the scoundrels of the swamp because now

The Trump administration is considering a change to tax deduction rules that analysts say would amount to a $100 billion capital gains tax cut for the wealthy.

Aides said Treasury Secretary Steve Mnuchin has not decided whether to pursue a change that would allow Americans to take inflation into account when determining capital gains taxes – and whether the administration could do it unilaterally, bypassing Congress.

"There's been a great deal of interest in this provision for a long time. The treasury is currently evaluating the economic impact to see whether or not it requires any legislation," said White House spokesman Hogan Gidley.

Officials are also looking at how such a change might take effect.

"If it can’t get done through a legislation process, we will look at what tools at Treasury we have to do it on our own and we’ll consider that,” Mnuchin told The New York Times. “We are studying that internally, and we are also studying the economic costs and the impact on growth.”

While the White House continues its assault on both the safety net and workers, the wealthy are well taken care of.  And so when Rush Limbaugh tells President Trump "you haven't betrayed anybody," it's accurate- as long as "anybody" is defined as "the top 1%."

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