Analysts Just Determined Trump’s Tax Plan Punishes Single Mothers, Rewards Millionaires
The hypocrisy of President-elect Donald Trump’s campaign rhetoric is coming into full view now that he has to actually govern the nation. For over a year Trump vowed to “massively cut taxes for the middle class,” but his proposed tax plan mostly benefits the ultra-wealthy while causing detriment to poor people, particularly single mothers.
Upon closer inspection of Trump’s tax plan, it becomes quite clear that Trump has no intention of helping working people. New York University law professor, Lila Batchelder, who also works with the Tax Policy Center, analyzed Trump’s plan and found, “The top 1 percent would get about half of the benefits of his (Trump’s) tax cuts, and a millionaire, for example, would get an average tax cut of $317,000.” Conversely, Batchelder says, a married family that earns $50,000 a year would only save $560 a year under Trump.
When viewing Trump’s plan, those hardest hit will be single mothers who will actually see their taxes rise! A single mother who earns $50,000 a year, with three children who are of age to attend school, would see their taxes rise by $1,188! This is mostly due to a conflict with Trump’s other tax policy of repealing the head of household filing ability.
The objective by Trump to covertly put the proverbial boots to single mothers is of little surprise considering his decades of misogyny and rock-ribbed belief that women are second-class citizens.
Now Trump’s people take issue with this characterization of Trump’s tax plan. Trump’s economic adviser, Steve Calk, says a married family which earns $50,000 a year would actually save “35 percent on their net tax bracket.” However, this figure is misleading according to Batchelder because Calk’s figure is based on tax reduction, rather than actual income after taxes.
The reality is until Trump takes the oath of office and implements his policies, all of the analysis in the world of hypothetical scenarios will prove nothing. Trump’s only consistency is his rhetorical inconsistency. Both sides of the aisle agree that Trump’s proposed plans will reduce the overall amount of tax revenue generated by the government by trillions of dollars. What is in dispute is if this tax money will be recouped through the age-old debunked belief that if the ultra-rich have their taxes reduced, it will lead to those individuals creating new jobs and therefore lead to new workers paying taxes. There is decades of empirical evidence that shows trickle down economics does not work, and is a mere ruse to justify the richest in society receiving the largest tax breaks. It seems, unfortunately, that the millions of Americans who voted for Trump wish to go back to this backward way of thinking, much to the detriment to themselves and their fellow citizens.
