Judging from recent remarks, Donald Trump has absolutely no idea what his tax plan for the wealthy would be and is just pandering to whatever he believes the public wants to hear.
In an interview on Sunday with ABC’s “This Week,” Trump declared that the wealthy would be paying more in taxes under his new tax plan: “They will go up a little bit. In my plan they’re going down, but by the time it’s negotiated they’ll go up.”
This incoherent statement epitomizes Trump’s grasp of tax policy, which was further revealed through additional interviews concerning the subject on Monday.
Speaking with CNN, Trump claimed that, “Everybody’s getting a tax cut, especially the middle class…If I increase it on the wealthy, that means they’re still going to be paying less than they’re paying now. I’m not talking about increasing from this point, I’m talking about increasing from my tax proposal.”
This contradicts both Sunday’s statement and what he said at a GOP debate in April, where he alleged that, “The very rich are going to end up probably paying more.”
Trump clearly has no understanding of the details of his own tax policy, or the ramifications these new taxes would have on the economy.
As ThinkProgress notes, America already has one of the lowest tax rates in the world, and these decreased taxes on the rich over the past 30 years have led to grotesque income inequality and a disappearing middle class.
In an effort to appeal to general election voters, Trump may be attempting to tone down the far-right wing rhetoric, but it’s blatantly obvious that he has no concrete proposals.
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