SUBSCRIBE TO OUR FREE NEWSLETTER
Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.
5
#000000
#FFFFFF
5
#000000
#FFFFFF
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)
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
Nov 29, 2017
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.
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.
An Urgent Message From Our Co-Founder
Dear Common Dreams reader, It’s been nearly 30 years since I co-founded Common Dreams with my late wife, Lina Newhouser. We had the radical notion that journalism should serve the public good, not corporate profits. It was clear to us from the outset what it would take to build such a project. No paid advertisements. No corporate sponsors. No millionaire publisher telling us what to think or do. Many people said we wouldn't last a year, but we proved those doubters wrong. Together with a tremendous team of journalists and dedicated staff, we built an independent media outlet free from the constraints of profits and corporate control. Our mission has always been simple: To inform. To inspire. To ignite change for the common good. Building Common Dreams was not easy. Our survival was never guaranteed. When you take on the most powerful forces—Wall Street greed, fossil fuel industry destruction, Big Tech lobbyists, and uber-rich oligarchs who have spent billions upon billions rigging the economy and democracy in their favor—the only bulwark you have is supporters who believe in your work. But here’s the urgent message from me today. It's never been this bad out there. And it's never been this hard to keep us going. At the very moment Common Dreams is most needed, the threats we face are intensifying. We need your support now more than ever. We don't accept corporate advertising and never will. We don't have a paywall because we don't think people should be blocked from critical news based on their ability to pay. Everything we do is funded by the donations of readers like you. When everyone does the little they can afford, we are strong. But if that support retreats or dries up, so do we. Will you donate now to make sure Common Dreams not only survives but thrives? —Craig Brown, Co-founder |
Our work is licensed under Creative Commons (CC BY-NC-ND 3.0). Feel free to republish and share widely.
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.
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.
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.
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.
We've had enough. The 1% own and operate the corporate media. They are doing everything they can to defend the status quo, squash dissent and protect the wealthy and the powerful. The Common Dreams media model is different. We cover the news that matters to the 99%. Our mission? To inform. To inspire. To ignite change for the common good. How? Nonprofit. Independent. Reader-supported. Free to read. Free to republish. Free to share. With no advertising. No paywalls. No selling of your data. Thousands of small donations fund our newsroom and allow us to continue publishing. Can you chip in? We can't do it without you. Thank you.