The horror of Trump’s lies continues.
Meanwhile, Paul Ryan is still doing his thing, inviting careless journalists to call him a policy wonk while he continues to offer the standard claptrap about helping Americans by giving more money to the super rich.
WashingtonPost.com pointed out yesterday that the latest incarnation of House Speaker Ryan’s “tax plan” would funnel 99.6 percent of the proposed tax cuts to the wealthiest 1 percent of Americans, according to the Tax Policy Center.
The stupefying bottom line: the 1 percenters would get average annual savings of about $240,000 per household.
Last year, the median household income for all Americans was $56,500—that’s the median, meaning half had more and half had less.
So Ryan’s tax chicanery means that the richest 1% would get tax SAVINGS equal to more than four times the amount of PRE-TAX total income that the median household earned last year.
That’s not a tax plan. That’s legalized robbery.
Let’s not even talk about what the Republicans want to do about business taxes.
Copyright © Richard Carl Subber 2016 All rights reserved.