New York Times Opinion by Nicholas Kristof: This Isn’t Tax Policy; It’s a Trump-Led Heist.
“What do you do if you’re a historically unpopular new president, with a record low approval rating by 14 points, facing investigations into the way Russia helped you get elected, with the media judging your first 100 days in office as the weakest of any modern president?
Why, you announce a tax cut!
And in your self-absorbed way, you announce a tax cut that will hugely benefit yourself. Imagine those millions saved! You feel better already!
I’m deeply skeptical that President Trump will manage to get a tax reform package passed into law, and that’s just as well. Trump’s new tax “plan“ (more like an extremely vague plan for a plan) is an irresponsible, shameless, budget-busting gift to zillionaires like himself.
This isn’t about “jobs,“ as the White House claims. If it were, it might cut employment taxes, which genuinely do discourage hiring. Rather, it’s about huge payouts to the wealthiest Americans — and deficits be damned!”