The nation's truckers are going to hear a load of bull Wednesday from Donald Trump, who's traveling to Harrisburg, Pennsylvania. Calling them "the lifeblood of our economy" in prepared remarks reported by the Washington Post, Trump will lie like a rug before them.
“Nothing gets done in America without the hard-working men and women of the trucking industry,” Trump plans to say in his speech, according to a senior administration official. “America depends on you for the fuel that powers our cars, the produce that nourishes our communities and the beautiful steel that stands up our tallest skyscrapers.”
The speech will be attended by hundreds of truckers, as well as Pennsylvania business leaders, the administration official said, who spoke to reporters on a conference call on the condition of anonymity to preview the speech.
The Post reports all this will happen in an airport hangar where there will be lots of trucks on site for props for Trump to playact in. He is also expected to say that the plan "will eliminate the penalty on returning future earnings back to the United States, and we will impose a one-time low tax on money currently parked overseas so it can be brought back home to America where it belongs." He will say that this repatriation plan "alone" will "likely give the typical American household a $4,000 pay raise." The White House didn't show their math on that one to the Post.
Here's the reality of the plan, as analyzed by actual economists and tax experts at the Economic Policy Institute: 80 percent of the cuts go to the top 1 percent. They'll get $207,060 average in tax cuts. The folks in the bottom 20 percent will get an average of about $50. Because Trump learns best from pictures, here's what that looks like for Pennsylvania.