Path 2

News Taxes Wednesday, Aug 31 2016

Trump's Tax Plan And Mass-Deportation Would Add Trillions In Debt

Aug 31, 2016

Donald Trump says he cares about American lives, but his anti-immigrant policies would do nothing but hurt the economy.

Trump has a great economic agenda. For him, anyway. And despite Trump’s empty rhetoric, his anti-immigrant policies would do nothing but hurt the economy.

Under Trump’s tax plan, top income-earning households like Trump’s would get the “largest cuts” — “an average tax cut worth over $1.3 million, nearly 19 percent of after-tax income” for the top 0.1%, according to the Tax Policy Center. That’s a great deal for Trump and his billionaire friends and campaign-donor economic advisers, because they benefit disproportionately — but the lowest income-earners are left with “an average tax cut of $128.”

And Trump’s running mate loves to complain about the national debt — but a Trump tax agenda “would make [it] skyrocket by $10 trillion or more.” Trump’s tax reform proposal and trade policies could very well bring about a “lengthy recession,” according to Moody’s Analytics; and his “Who the hell cares if there’s a trade war?” bravado would render “the U.S. economy…isolated and diminished.”

On top of all of that, there’s Trump’s plan to forcibly deport 11 million undocumented immigrants: doing so would cost $600 billion and “reduce the real GDP by $1.6 trillion.”

Donald Trump’s only ever cared about himself; that’s why he’s given himself a kickback whenever possible, no matter who has to get hurt in the process. That principle is no better exemplified than by Trump’s hardline commitment to mass-deportation, which shows that he prioritizes his personal bigotry and prejudices over the strength of the U.S. economy — not to mention that such a forcible deportation would break up millions of families.

Published: Aug 31, 2016

Jump to Content