On April 26th, Treasury Secretary Steven Mnuchin announced Donald Trump’s tax plan proposal, an outline of policies and priorities that reveal how clearly this administration is helping those who are already very rich in favor of those who need help. Instead of reforming the loopholes that help the well connected and the rich avoid paying their fair share, Trump’s plan offers nothing more than a tax cut for corporations and wealthy Americans and a return to the failed policies of trickle-down economics. It offers trillions in tax cuts to those who least need the government’s help, while giving nearly nothing to normal working Americans.
These tax policies would only serve to further tip the tax code in favor of the wealthy and powerful, and they cannot be allowed to become law.
Confused about what’s in Trump’s proposal, who it affects, or why you should care? Click the links below for breakdowns of each major component of Trump’s trickle-down tax plan.
Eliminate the Alternative Minimum Tax and Some Deductions
Put in Place a Territorial Tax System for American Corporations Operating Internationally
Lower the Corporate tax to 15%