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
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 are at a crossroads
This country and this world are at a monumental crossroads. In a few short weeks, US voters will have an opportunity to beat back the forces of fascism and confront the billionaires who are rigging the economy, our media system, and our democracy, making it increasingly impossible for ordinary people to get by. We’re not just talking about the election. We’re talking about what must be done once these fascist elements are vanquished from power. We need a bolder set of solutions than what either major party has so far been willing to offer and a working-class movement ready to fight like hell for it. Trump didn't emerge from nowhere. The conditions that fueled MAGA authoritarianism were created by decades of radical neoliberal economic policies and a corrupt political system dominated by corporate interests. They slashed taxes on the super-rich, promising that the benefits would trickle down. They said giveaways to the corporate titans would make life more affordable for the rest of us. It was all bullshit. And when a bitter, betrayed populace searches for someone to blame, right-wing demagogues have little trouble finding scapegoats. People know when they're being lied to, but you won't hear any of this from the corporate media. Only independent journalism—powered and funded by people who believe in building a better world—can deliver truly trustworthy daily news. Our Fall Campaign is underway, and we need your help. To power our newsroom through the rest of the year, we need to raise $125,000 by midnight on October 31. So if you share our vision, please contribute whatever you can to sustain our work. |
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.