Donald Trump's Tax Plan Is Far From #Winning For Those In Poverty
Business mogul Donald Trump announced his tax plan Monday, and it's even stranger than you would actually expect. Trump's plan, which The Wall Street Journal called "ambitious," would eliminate income taxes for millions of households, lower the tax rate for all businesses, and increase taxes on the wealthiest Americans. What's most strange is Trump's plan for low-income individuals and communities, which almost has the ring of Mitt Romney's 47 percent comment from the 2012 election.
One of the "goals" of Trump's tax plan is this: "If you are single and earn less than $25,000, or married and jointly earn less than $50,000, you will not owe any income tax. That removes nearly 75 million households — over 50 percent — from the income tax rolls. They get a new one-page form to send the IRS saying, 'I win,' those who would otherwise owe income taxes will save an average of nearly $1,000 each."
Oh my gosh! How brilliant is that? Like, #Winning to the max, even though the poverty line is at $24,000, and families who make that much are struggling to make ends meet. Thank goodness Trump is there to save the day and make lives so much easier. I mean, like Romney said in 2012, the people who don't pay income taxes need this kind of a break. This will solve all of the U.S.' poverty problems! Not.
Though Trump's plan would expect wealthier individuals to pay more, it would actually benefit them in the end. The plan would lower the highest income tax rate from 39.6 percent to 25 percent. And it would help corporations by lowering the corporate tax rate from 35 percent all the way to 15 percent. Trump said that the plan wouldn't add to the federal deficit because it would eliminate most deductions and loopholes that the wealthy can claim. "In other words, it's going to cost me a fortune," Trump joked during a news press conference at his Trump Tower in Manhattan.
Sure, maybe Trump's proposed plan is intended to help the poor to some extent, but it doesn't seem intended to redistribute wealth. Further, Trump's sassy "I win" quip seems to show that he thinks he's doing low-income individuals a favor. The inclusion of such a joke makes it clear that his plan isn't designed to understand or take into account the income disparity. Rather, it's a backhanded attempt to woo low-income voters who might know that he has a gold-lined bathroom.
It would take much more for someone around or below the poverty line to be #Winning, and reducing such a person's problems to a joke is pretty horrifying — regardless of whether the plan's intentions were good.