It feels more than a little silly to be talking about policy plans when one of the two candidates for president is mounting his own Nuremberg rallies to declare that the bankers, the Media, and his opponent are colluding to destroy the nation and that only his election can stop them, but if we have to do it, fine.
Guess what? Donald Trump's revised "tax plan" remains incompetent and buffoonish.
Mr. Trump’s tax cuts would be the deepest ever, reducing revenue $6.2 trillion in the first decade and mostly benefiting corporations and the highest-income Americans, the center said. Some middle-income families, however, would receive a tax increase.
With interest, the cost would be $7.2 trillion over 10 years, nearly doubling the growth in the federal debt that is otherwise projected.
So if implemented, it would be catastrophic—at least, if you're one of those conservatives who suddenly discovered, three or so hours into the Obama presidency, that the deficit monster was coming to kill us all.
Trump's campaign, which of course is stuffed with the sort of economic "experts" who keep insisting all the previous rounds of tax cuts were really a fantastic idea so shut up, says that it won't cost that much because his steep tax cuts for the wealthiest Americans will cause Magical Pixies to appear in the sky, raining down shiny silver dimes on all the rest of us, which is what was supposed to happen during all those other previous tax cuts but we didn't believe hard enough so it's your fault. Or something to that effect.
But it's all good, because papa needs a new yacht.
The Trump plan would give the richest 0.1 percent of taxpayers — those with incomes of more than $3.7 million this year — an average tax cut of $1.1 million, for a 14 percent increase on average in their after-tax income. The middle one-fifth of Americans by income would receive a tax cut increasing after-tax income less than 2 percent, on average, while the poorest fifth would get a break of less than 1 percent.
But many large families and single parents — a separate study put the number at about eight million families — would face tax increases under Mr. Trump’s proposals.
There ya go. Make America great again, and so forth. Anyone who is enamored with Trump but wavering as a result of his rampant public and private disgustingness can rest assured, if you pull the plug on your support you won't be missing out on anything. His ideas to make America great again look suspiciously similar to his ideas to burn through other people's cash and declare bankruptcy at the end of it. We've seen this show before.