One of Trump's first acts—axing a middle class tax cut

by Joan McCarter

Daily Kos Staff

Friday, Jan. 20, 2017 Friday, Jan. 20, 2017 at 11:08:04am PST

WASHINGTON, DC - JANUARY 20: U.S. President-elect Donald Trump arrives on the West Front of the U.S. Capitol on January 20, 2017 in Washington, DC. In today's inauguration ceremony Donald J. Trump becomes the 45th president of the United States. (Photo by Win McNamee/Getty Images)

At the top of popular vote loser Donald Trump's dark, threatening inauguration speech was this:

The establishment protected itself, but not the citizens of our country. Their victories have not been your victories; their triumphs have not been your triumphs; and while they celebrated in our nation's capital, there was little to celebrate for struggling families all across our land.

And then Trump proceeded to the President's Room in the U.S. Capitol to sign orders. Like this one:

JUST IN: In one of first Trump admin. orders, Dept of Housing & Urban Dev. suspends reduction of FHA annual mortgage insurance premium rates
— CNBC (@CNBC) January 20, 2017

That was a quarter of a percent cut in the mortgage insurance premium for FHA loan holders, announced last week by the U.S. Department of Housing and Urban Development and set to go into effect next Friday, January 27. The reduction was estimated to save the average FHA borrow $500 this year.

So much for the struggling families all across our land.