April 25, 2017

Trump Planning to Hold Tax Plan Theater on Wednesday

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Here’s all you need to know about President Trump’s tax plan:

Mr. Trump’s aides have been working on a detailed tax proposal, but that isn’t ready yet. The announcement on Wednesday is expected to focus instead on broader principles….Mr. Trump’s statement last week that he would announce details of his plan later this week caught his team off guard, said people familiar with the matter.

In other words, it’s all theater. On Wednesday we’ll get a vague description of “broader principles” that will include gigantic cuts in the top rates for both individuals and corporations, along with just enough eye candy for the middle class that Trump can pretend it’s a tax cut for everyone. It will basically be a campaign document with a few extra tidbits so that Trump can claim to have released his “tax plan” during his first hundred days.

The benefit of staying vague, by the way, is that it’s impossible to score his plan until every detail is filled in. Still, I expect the usual suspects at the Tax Foundation and the Tax Policy Center will try. So where do you think they’ll end up? My guess is that it will cost $4 trillion, of which 95 percent will go to the top 10 percent. Enter your guess in comments. The winner gets the most precious thing I have to offer: a tweet that announces their victorious prediction.

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WHO DOESN’T LOVE A POSITIVE STORY—OR TWO?

“Great journalism really does make a difference in this world: it can even save kids.”

That’s what a civil rights lawyer wrote to Julia Lurie, the day after her major investigation into a psychiatric hospital chain that uses foster children as “cash cows” published, letting her know he was using her findings that same day in a hearing to keep a child out of one of the facilities we investigated.

That’s awesome. As is the fact that Julia, who spent a full year reporting this challenging story, promptly heard from a Senate committee that will use her work in their own investigation of Universal Health Services. There’s no doubt her revelations will continue to have a big impact in the months and years to come.

Like another story about Mother Jones’ real-world impact.

This one, a multiyear investigation, published in 2021, exposed conditions in sugar work camps in the Dominican Republic owned by Central Romana—the conglomerate behind brands like C&H and Domino, whose product ends up in our Hershey bars and other sweets. A year ago, the Biden administration banned sugar imports from Central Romana. And just recently, we learned of a previously undisclosed investigation from the Department of Homeland Security, looking into working conditions at Central Romana. How big of a deal is this?

“This could be the first time a corporation would be held criminally liable for forced labor in their own supply chains,” according to a retired special agent we talked to.

Wow.

And it is only because Mother Jones is funded primarily by donations from readers that we can mount ambitious, yearlong—or more—investigations like these two stories that are making waves.

About that: It’s unfathomably hard in the news business right now, and we came up about $28,000 short during our recent fall fundraising campaign. We simply have to make that up soon to avoid falling further behind than can be made up for, or needing to somehow trim $1 million from our budget, like happened last year.

If you can, please support the reporting you get from Mother Jones—that exists to make a difference, not a profit—with a donation of any amount today. We need more donations than normal to come in from this specific blurb to help close our funding gap before it gets any bigger.

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