Trump Says Tax Plan Won’t Benefit Rich–He’s Exactly Wrong

[ Originally published on this site as post ]

Annie Lowrey, Atlantic
First, the plan would not cut taxes for America’s richest households. “The wealthy are not getting a tax cut under our plan,” Gary Cohn, Trump’s top economic advisor, said on Good Morning America. Second, the plan would slash taxes for America’s middle class. “Our framework includes our explicit commitment that tax reform will protect low-income and middle-income households, not the wealthy and well-connected,” President Trump said in a speech in Indiana. “They can call me all they want. It’s not going to help. I’m doing the right…