Published on

Here Are the Four Biggest Lies Trump Told in His Final Tax Scam Sales Pitch

"Lies, lies, lies," was how one group described Trump's Missouri tax speech

Anti-Trump protesters gather outside the St. Charles Convention Center before U.S. President Donald Trump arrives to speak on November 29, 2017 in St. Charles, Missouri. (Photo: Whitney Curtis/Getty Images)

President Donald Trump traveled to Missouri on Wednesday to deliver a final sales pitch for his party's deeply unpopular tax bill before it hits the Senate floor for a vote. While protesters gathered outside the St. Louis convention center hoisting signs that read "Trump lies," analysts on social media watched the president's speech closely for falsehoods.

They found quite a few. Here are some of the most glaring.

1. The GOP Plan Would Not Help Trump and His Wealthy Friends

Trump insisted that the GOP tax bill is going to cost him a "fortune."

"Believe me," the president said, "this is not good for me."

"I think my accountants are going crazy right now," Trump added. "It's alright. Hey, look. I'm president. I don't care."

In fact, according to a recent analysis by NBC News, "Trump and his heirs potentially could save more than $1 billion overall under the GOP tax proposal," principally through the repeal of the estate tax.

2. The GOP Tax Plan Is Anti-Outsourcing

Trump claimed that the Republican tax bill would prevent corporations from sending jobs and profits overseas to boost their bottom-lines.

The opposite is the case, noted Americans for Tax Fairness (ATF) and others. The GOP plan would actually "encourage" outsourcing, according to a number of independent analyses.


Never Miss a Beat.

Get our best delivered to your inbox.

3. Tax Cuts for Wealthy Individuals and Large Corporations Will Create Jobs and Boost Wages

Trump continued parroting the longstanding GOP "myth" that tax cuts spur job growth, boost the economy, and lead to higher wages.

But a recent analysis by the Center on Budget and Policy Priorities concluded that corporate rate cuts are actually "a poor way to help the economy and most workers—and could hurt them."

As Common Dreams reported, business leaders have already conceded that they plan to use the extra cash they are set to receive from the tax plan to reward their shareholders, not their employees.

4. The Bill Is "Great" for the Working Class

Trump repeatedly insisted that the GOP tax bill will be great for workers and the middle class, and not the top one percent.

"The rich people actually don't like me," Trump claimed at the tail-end of his Missouri speech. "The people that like me best are the workers."

But millions of workers likely won't be happy with the Republican plan, given that numerous analyses have shown that the bill would hike taxes on tens of millions of working class families.

This is the world we live in. This is the world we cover.

Because of people like you, another world is possible. There are many battles to be won, but we will battle them together—all of us. Common Dreams is not your normal news site. We don't survive on clicks. We don't want advertising dollars. We want the world to be a better place. But we can't do it alone. It doesn't work that way. We need you. If you can help today—because every gift of every size matters—please do. Without Your Support We Simply Don't Exist.

Please select a donation method:

Share This Article