Der Leader is adhering to his plutocratic roots with the introduction of tax 'reform' that favors the rich over the working classes. Under the proposed plan the billionaire could get a $23 million tax cut according to a study released by Senate Democrats. The fact is real wages, that is adjusted for inflation, have been falling since the late sixties. This chart only shows the change since 2007:
All percentiles except the top 5% have experienced declining real wages. Yet the tax burden has fallen more on peoples' payroll income as this chart shows:
Corporate taxes and individual income taxes which Trump proposes to reduce further would have to be made up with more revenue from payrolls. Average tax rates for high-income individuals whose individual income is mostly from investments and corporate earnings have substantially dropped. Average tax rates for the middle 20% has remained relatively flat.
In short, the very rich like Trump are already getting a significant tax break in historical terms, with the middle and working classes taking up the short fall in revenue. Are 'Mericans once again going to drink the cool-aide of 'less tax means more jobs' as the plutocracy attempts again to satisfy its never ending greed for more? Stay tuned--if you can get past the tawdry tit for tat that dominates the mass news cycle.