Republican President Trump told his rich friends at Mar-a-Lago, "You all just got a lot richer." That's an admission that his Republican tax law would benefit the rich. (Huffington Post) And yes, while the poor and middle class will see tax cuts, it won't kick them up out of their economic class.
So who does the conservative Republican tax law benefit the most? The rich. (Politifact) Corporations will see rates go down from 35 percent to 21 percent. IF you're poor or on lower end of the middle class, you may see a reduction of .7 to 1.1 percent. If you are in the top bracket that is making over one million you'll get a whopping 14 percent reduction in your taxes. And good luck to the poor in eight years because that's when your tax cut evaporates while the corporate rate will stay.
And a couple of days ago, Trump's daughter who I'll call "Princess" Ivanka showed the world she is an idiot. She told Trump State TV... er, Fox News that in April you'll be able to do the tax return on a postcard and see the cuts. Wrong. (Politifact) You won't see the cuts for the year 2017 but 2018. And you will not be filing your return on a postcard. Maybe I shouldn't call Princess Ivanka an idiot. She could be just like her old man. A liar. We need a laugh here. Actress and singer, Maya Rudolph does a pretty funny Ivanka. Check it out when she was on Late Night with Seth Myers.
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