Donald Trump is finally showing us more of his economic plan beyond the "Make America Great Again" slogan on his red hat.
America has now learned:
-- He wants to tax the rich more and the middle class less.
-- He wants to lower corporate taxes.
-- He wants to cut government spending and stop raising the debt ceiling.
"The hedge fund people make a lot of money and they pay very little tax," Trump said in an interview Wednesday with Bloomberg. "I want to lower taxes for the middle class."
In short, Trump is willing to raise taxes on himself and those like him.
Now we know that the rich have not paid more in taxes. Initially, the wealthiest 1% got over 20% of the benefit from the Trump tax cut, with the amount rising to over 80% of the benefit for the top 1% by 2027.
"It’s going to cost me a fortune, which is actually true," the Republican presidential front-runner candidate told reporters, as he unveiled a bold — and fairly detailed — tax plan, under which half of Americans would pay no federal income tax and the rich would face closed loopholes and slashed deductions.
We know how that went.