Trump policies just benefit the wealthy
President Donald Trump said he'd cut your taxes and the superrich like him would pay more. Not true. According to the nonpartisan Tax Policy Center, the richest 1 percent will get 83 percent of the tax cut. The richest 0.1 percent will get 60 percent of it. By 2027, more than half of all Americans will be paying more in taxes.
The lower corporate tax rate will be paid by spending cuts. President Donald Trump and House Speaker Paul Ryan are planning cuts to Social Security, Medicare and Medicaid. They want to do this to curb ballooning deficits created in part by the new tax law. At Mar-a-Lago, he told his wealthy friends "You all just got a lot richer".
He doesn't go to Camp David a traditional president's retreat. He goes to Mar-a-Lago, where it's open only to members who can pay $200,000 to join.
Every visit to Mar-a-Lago and his other resort properties promotes his resort brand and adds directly to his wealth. He is making money off the presidency, a conflict of interest.
In 1965, the pay gap between CEOs and the average worker was 20 times more. Last year the average CEO of a large American firm earned more than 271 times more than the average worker. This is according to the Economic Policy Institute.
Thomas Carras
Elk Grove Village