It's not like we expected anything less from the Trump regime, but these lies are so preposterous I think it has already caught up to them just one day after revealing their big proposal.
First of all, Trump's top economic adviser Gary Cohn appeared on ABC this morning where he said their package of massive tax cuts for the rich is actually a tax break for the little people.
“When we’ve looked at the tax plan, and we’ve looked [at] what it does for Americans, we are very confident that Americans are getting a great deal here. We have also said that wealthy Americans are not getting a tax cut,” Cohn said Thursday on ABC’s “Good Morning America.” “We have designed a tax cut that is stimulus for the economy, where we are giving tax cuts to middle- and lower-income Americans. We want everyday, hardworking Americans to have more money in their paycheck.”
As you probably know, their tax cut proposal calls for raising the bottom income tax bracket from 10 to 12 percent.
Last time I checked, raising the bottom bracket is not a tax cut for lower-income Americans, at least not here in empirical reality.
Furthermore, their proposal calls for cutting taxes for wealthy Americans in half a dozen different ways. Gary Cohn himself along with Donald Trump and Treasury Secretary Steve Mnuchin will personally benefit from several of their tax cuts including the elimination of the estate tax and alternative minimum tax, the tax cut for owner-operated businesses, and the income tax cut for top earners.
And speaking of Steve Mnuchin, he says their gigantic package of tax cuts will actually reduce the federal deficit.
“We think there will be $2 trillion of growth. So we think this tax plan will cut down the deficits by a trillion dollars. That's a large number,” he said in an interview on Fox Business Network’s "Mornings with Maria."
Even Republicans in Congress are not claiming this will reduce the deficit. At least not yet.
Republican congressmen have actually been surprisingly frank, admitting that it will increase the deficit and that they don't give a shit if it does.
It's been 15 years since Dick Cheney said "deficits don't matter" if they come from tax cuts. The more things change, the more they stay the same.