Trump Likely Benefits from Tax Bills
President Donald Trump claimed that the Republican tax plans in Congress would "cost me a fortune." He has offered no proof of that, and it's highly doubtful. Several provisions of the tax bills would benefit wealthy individuals like Trump. The post Trump Likely Benefits from Tax Bills appeared first on FactCheck.org.
by Lori Robertson
Nov 30, 2017
4 minutes
President Donald Trump claimed that the Republican tax plans in Congress would “cost me a fortune.” He has offered no proof of that, and it’s highly doubtful. Several provisions of the tax bills would benefit wealthy individuals like Trump.
This isn’t the first time that the president that a tax overhaul wouldn’t be good for him, or the wealthy, despite analyses of the tax plans that show most of the benefits accruing to the top income earners. But we can’t say exactly how the plans would impact Trump, since he by refusing to release his tax returns. A Democratic effort in.
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