Big Changes Happening on August 7, 2019.


Letter: Trump tax plan benefits wealthy more than middle class

To the editor:

Why would anyone believe that Donald Trump would do anything that would fix our broken income tax system to benefit the average American taxpayer? Trump hasn’t given specifics about many the policies he’d enact as president; he has said enough to give a good sense of who would benefit the most. It’s not the middle-class voters he claims to champion.

Evidence continues to mount that he has used this rigged and broken system to get out of paying federal taxes for years, maybe decades. Why would you believe he would fix a tax system that works in his favor? He brags about exploiting the system to get out of paying any taxes at all.

The rich, not the middle class, are the big winners in his tax plans. Tax policy is one of the few policy areas that Trump has actually discussed in the presidential campaign. And while he has addressed it in quintessentially Trump fashion ― by making contradicting proclamations and proposals ― one constant theme is the way his plans would redistribute income.

Millionaires in the top income percentile would get average tax breaks of about $88,000, while, folks in the middle, with earnings of around $50,000 a year, would typically see less than $800 in tax relief. The bottom line of Trump’s income and corporate tax proposals is a windfall for the wealthy, and that includes members of the Trump family. The immediate priorities in his tax plan are to dramatically reduce the tax burden on people like himself.

Trump probably wouldn’t make the tax code simpler, either. Simplifying taxes is a good idea, and while Trump has frequently cited simplification as a goal, and even suggested a loophole or two he might take out, even Trump admits that many of these special provisions exist only because well-connected lobbyists have persuaded lawmakers to create and then defend them.

The tax loop holes that Trump has used are legal, but outrageous. Trump hasn’t called for eliminating them. There is no reason he would want to do so, since the tax code is full of special deductions and exemptions that have helped create his fortune― and because it’s only the wealthy that can hire expensive accountants to figure out ways to exploit these obscure and onerous tax laws.

Do you really think he would make changes that would cause his taxes to increase?

Denise Riley,