WASHINGTON, April 26 – Sen. Bernie Sanders (I-Vt.) released the following statement Wednesday after President Donald Trump released his plan for tax reform:
“At a time when we have a rigged economy designed to benefit the wealthiest Americans and largest corporations, President Trump’s new tax plan would only make that system worse. He would slash taxes for himself and his billionaire friends and significantly increase the deficit, while doing little to help rebuild the collapsing middle class. Rather than making large profitable corporations – many of which pay nothing in federal income tax – finally contribute their fair share, Trump wants to give them a huge tax break.
“At a time when Trump wants to make major cuts in education, health care, senior programs, nutrition and affordable housing, it is especially outrageous that he would propose the elimination of the Estate Tax and provide a $353 billion tax giveaway to the wealthiest 0.2 percent – including a tax break of up to $4 billion to the Trump family.”