Donald Trump has been talking up his superior plan for tax reform since his campaign days. Although he wouldn’t say much back then regarding specific pieces of his plan – it was almost as if he didn’t really know anything about it – but his plan was going to be the best, the biggest, the greatest plan ever.
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It’s almost comical to hear the same president who once said in an interview in 2004 that “I’ve been around for a long time and it just seems that the economy does better under the Democrats than the Republicans,” now insisting that Democrats are just too dim to understand his plan.
It is simply a fact that since World War II, Democratic presidents have seen 24.4 million more jobs created on their watch—an average of 78.6% more jobs created per year of Democratic administrations—than have Republican presidents. Ditto real GDP growth, 44% higher under Democratic presidents. On the flip side, unemployment has been 18% higher under GOP presidents.’
The problem with Trump’s tax plan is that Democrats do understand it. They understand that getting a tax cut for private planes but not for medical expenses or student loan payments does not help the middle class. They understand that giving massive tax cuts to the 1% while cutting 1.5 trillion from Medicare and Medicaid does not help the economy or the American people.
The Democrats understand, while Republicans like to gloss over, that trickle-down economics does not and has never worked to improve the economy.
Twitter was similarly unimpressed by Trump’s words.