Here Are the Four Biggest Lies Trump Told in His Final Tax Scam Sales Pitch

by mobanmarket
on September 25, 2020

President Donald Trump traveled to Missouri on Wednesday to deliver a final sales pitch for his party’s deeply unpopular tax bill before it hits the Senate floor for a vote. While protesters gathered outside the St. Louis convention center hoisting signs that read “Trump lies,” analysts on social media watched the president’s speech closely for falsehoods.

They found quite a few. Here are some of the most glaring.

1. The GOP Plan Would Not Help Trump and His Wealthy Friends

Trump insisted that the GOP tax bill is going to cost him a “fortune.”

“Believe me,” the president said, “this is not good for me.”

“I think my accountants are going crazy right now,” Trump added. “It’s alright. Hey, look. I’m president. I don’t care.”

In fact, according to a recent analysis by NBC News, “Trump and his heirs potentially could save more than $1 billion overall under the GOP tax proposal,” principally through the repeal of the estate tax.

2. The GOP Tax Plan Is Anti-Outsourcing

Trump claimed that the Republican tax bill would prevent corporations from sending jobs and profits overseas to boost their bottom-lines.

The opposite is the case, noted Americans for Tax Fairness (ATF) and others. The GOP plan would actually “encourage” outsourcing, according to a number of independent analyses.

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3. Tax Cuts for Wealthy Individuals and Large Corporations Will Create Jobs and Boost Wages

Trump continued parroting the longstanding GOP “myth” that tax cuts spur job growth, boost the economy, and lead to higher wages.

But a recent analysis by the Center on Budget and Policy Priorities concluded that corporate rate cuts are actually “a poor way to help the economy and most workers—and could hurt them.”

As Common Dreams reported, business leaders have already conceded that they plan to use the extra cash they are set to receive from the tax plan to reward their shareholders, not their employees.

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4. The Bill Is “Great” for the Working Class

Trump repeatedly insisted that the GOP tax bill will be great for workers and the middle class, and not the top one percent.

“The rich people actually don’t like me,” Trump claimed at the tail-end of his Missouri speech. “The people that like me best are the workers.”

But millions of workers likely won’t be happy with the Republican plan, given that numerous analyses have shown that the bill would hike taxes on tens of millions of working class families.

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