Donald Trump’s tax “plan” relies on the same “trickle down” economic theory that didn’t work when Ronald Reagan and George W. Bush tried it. Do we really have to try it again to see if it will work this time?
Corporations and the wealthy (like the Trumps) will be given huge tax breaks. As before, this will widen the gap between the very wealthy and the rest of us and will not result in more jobs or more money for the rest of us. Contrary to what we are being told, the truth is that the middle and working classes get nothing, and as many as 30 percent of Americans earning less than $150,000 a year could see their taxes go up.
Not only that, but the tax plan increases the deficit. Raising the deficit is borrowing money from our children who will be saddled with repaying the debt in the future. I thought in the United States of America we aim to take care of our children, not to damage them.
Increasing the deficit does make sense if you want to cut “entitlements” in the future (in order to decrease the deficit). This is an ugly and sneaky strategy. And it reeks of cynicism and ill will.
Donald Trump’s tax plan is just one more of his scams.
We should be able to learn from history. Will enough persons of courage stand up for what is right and vote against this plan?
CLAUDIA DAMON
Concord