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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IT'S NOT THAT WE'RE SCREWED WITHOUT TRUMP:

"It's that we're screwed with or without him if we can't show the public that what we do matters for the long term," writes Mother Jones CEO Monika Bauerlein as she kicks off our drive to raise $350,000 in donations from readers by July 17.

This is a big one for us. So, as we ask you to consider supporting our team's journalism, we thought we'd slow down and check in about where Mother Jones is and where we're going after the chaotic last several years. This comparatively slow moment is also an urgent one for Mother Jones: You can read more in "Slow News Is Good News," and if you're able to, please support our team's hard-hitting journalism and help us reach our big $350,000 goal with a donation today.

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