A New Years update for Trump voters [View all]

[Rhiannon12866]

Have Trump’s promises come to fruition?

This article was originally published by RobertReich.org.

Almost one year in, it’s time for another update for Trump voters on his election promises:

1. He told you he’d cut your taxes, and that the super-rich like him would pay more. You bought it. But his new tax law does the opposite. By 2027, according several nonpartisan analyses, the richest 1 percent will have got 83 percent of the tax cut and the richest 0.1 percent, 60 percent of it. As Trump told his wealthy friends at Mar-a-Lago just days after the tax bill became law, “You all just got a lot richer.”

2. He promised to close “special interest loopholes that have been so good for Wall Street investors but unfair to American workers,” especially the notorious “carried interest” loophole for private-equity, hedge fund, and real estate partners. You bought it. But the new tax law keeps the “carried interest” loophole.

3. He told you he’d repeal Obamacare and replace it with something “beautiful.” You bought it. But he didn’t repeal and he didn’t replace. (Just as well: His plan would have knocked at least 23 million off health insurance, including many of you.) Instead, he’s doing what he can to cut it back and replace it with nothing. The new tax law will result in 13 million people losing health coverage, according to the Congressional Budget Office.

4. He told you he’d invest $1 trillion in our nation’ crumbling infrastructure. You bought it. But after his giant tax cut for corporations and millionaires, there’s no money left for infrastructure.

5. He said he’d clean the Washington swamp. You bought it. But he’s brought into his administration more billionaires, CEOs, and Wall Street moguls than in any administration in history, to make laws that will enrich their businesses, and he’s filled departments and agencies with former lobbyists, lawyers and consultants who are crafting new policies for the same industries they recently worked for.


Much more: https://www.salon.com/2018/01/01/new-years-update-for-trump-voters_partner/?utm_source=spotim&utm_medium=spotim_social_rail&spotim_referrer=social_rail