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As someone who worked in budgeting/planning previously it would be a joke to call this a "plan". It is almost not worth commenting on - but....... A one page, double spaced paper w/lots of white space is not a tax plan.
Nothing was said about the income thresholds at which the rates apply, there was something about eliminating tax breaks, but didn’t say which. When asked specifically which deductions, the WH gave confilicting answers depending on who was asked.
It proposed huge tax breaks for corp. and the very rich with the breaks especially lucrative for people who can bypass regular personal taxes by moving their income into tax-privileged businesses, gets rid of the AMT and estate tax which only affect like 5K families. All this benefits a select few (like guess who??). Adds like $20 Trillion (I believe I saw) to the debt. So it benefits the very rich and and from what we have seen in Trump's previous budget proposal it harms the very poor.
This was all bc Pres. Trump was upset about news stories that looked at his first 100 days and conclude that he hasn’t achieved much (there was a conserv. SC justice approved but how could he possibly screw that up).
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