BinC Watch: Donald Trump Still Loves Tax Cuts for the Rich

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Over the weekend Donald Trump said that he’s willing to consider higher tax rates on the rich, but he then clarified that he only meant higher rates than the ones in his tax plan. Since his tax plan is obviously just more buffoonery for the rubes, I understand why no one really feels like taking any of this seriously. But just in case a few of you are curious what he means, here is TPC’s analysis of Trump’s tax plan:

TPC figures the average gazillionaire will save $1.3 million per year under Trump’s tax plan. So what Trump is saying is that he’s willing to consider a plan in which the gazillionaires will only get a tax cut of, say, a million dollars per year.

Do you want percentages instead? Of course you do! Under Trump’s plan—like all Republican tax plans—a middle-class worker gets a tax reduction of only 4.3 percentage points. The gazillionaires get a whopping reduction of 12.5 percentage points.

Quite the man of the people, no?

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Thank you!

We didn't know what to expect when we told you we needed to raise $400,000 before our fiscal year closed on June 30, and we're thrilled to report that our incredible community of readers contributed some $415,000 to help us keep charging as hard as we can during this crazy year.

You just sent an incredible message: that quality journalism doesn't have to answer to advertisers, billionaires, or hedge funds; that newsrooms can eke out an existence thanks primarily to the generosity of its readers. That's so powerful. Especially during what's been called a "media extinction event" when those looking to make a profit from the news pull back, the Mother Jones community steps in.

The months and years ahead won't be easy. Far from it. But there's no one we'd rather face the big challenges with than you, our committed and passionate readers, and our team of fearless reporters who show up every day.

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