Donald Trump reached out to Democratic senators with a touching personal plea on why they should support the Republican tax plan:
President Donald Trump called 12 Senate Democrats Tuesday, hoping to sway them in favor of the Republican tax cut bill, and told them he would personally “get killed” financially by the GOP bill. He said the wealthy need a repeal of the estate tax, according to multiple people who were present.
Breaking that down into smaller parts: Trump. Called Democrats. To say he would “get killed.” Unless they help Republicans repeal the estate tax.
The point of Trump’s call actually seemed to be selling the idea that the rest of the tax bill—which includes a top tax rate, and end to the Alternative Minimum Tax, and an easy route to passing personal taxes through shell companies at a greatly reduced rate—wouldn’t do much for Trump. It was only the end to the estate tax that would really help him or at least help Ivanka, Junior, and whoever else was in Trump’s favor at the critical moment. Of course, every independent analysis shows that’s not exactly true.
President Trump could cut his tax bills by more than $1.1 billion, including saving tens of millions of dollars in a single year, under his proposed tax changes, a New York Times analysis has found.
Just getting rid of the AMT would have saved Trump $31 million in a year, based on the last return that managed to creep out into public. But it’s true, the bulk of savings for Trump would only come after something really does kill him.
And why are Democrats supposed to care again? Because the bill has to have something to give … to rich people.
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