Just two days into his General Election campaign, Donald Trump has revealed his fourth flip-flop in around 24 hours to the American people. Trump is now suddenly against his own tax plan. This is the very plan that he campaigned on during the primary which is listed on his website as the “Tax Reform That Will Make America Great Again.”
On Thursday, when asked on CNBC about the tax plan he campaigned on as what would make America great again, Trump responded, “I am not necessarily a huge fan of that.”
Trump’s tax plan was the most detailed policy proposal of his campaign. When he announced the plan in September 2015, he said, “I fight like hell to pay as little as possible.” The plan reflected massive cuts for the “ultra-wealthy” in the form of big cuts to income, estate, and business taxes.
These large tax cuts for the wealthy were disproportionately in their favor and were at the heart of Trump’s plan.
- The nonpartisan Tax Policy Center estimated his plan would cut the tax bill for the top 1 percent of earners by about $275,000 a year on average and for the top 0.1 percent by $1.3 million.
- A whopping 67 percent of the overall cost of his individual tax cuts would go to the top 20 percent of earners and 35 percent of it would go to the top 1 percent, according to the Tax Policy Center’s analysis.
Trump is no longer standing by this tax plan, instead stating that he’s not a huge fan of it and it was really just a starting point for negotiations.
After being reminded by CNBC that he is a populist candidate and his tax proposal that favored the billionaires didn’t quite mesh with his claim that he would take on the “wealthy elites,” Trump abandoned his plan like a hot potato.
“I am not necessarily a huge fan of that,” he said. “I am so much more into the middle class who have just been absolutely forgotten in our country.”
Trump described his tax proposal, which was the most detailed policy paper he put out in the campaign, as merely a starting point for a future deal.
“You know, when you put out a tax plan, you are going to start negotiating,” he said. “You don’t say, ‘OK, this is our tax plan, lots of luck, folks.’ There will be negotiation back and forth. And I can see that going up, to be honest with you.”
Again, this is Trump’s fourth flip-flop in 24 hours. On Wednesday, he flip-flopped on his promise that he was self-funding his campaign and therefore could not be “bought and paid for” by large donors, special interest groups, and super PACS. He also flip-flopped on his opposition to an increase in the minimum wage.
Then on Thursday morning, after spending months attacking Ted Cruz because his wife works for Goldman Sachs, claiming it was an indication that he is “bought and paid for,” Trump hired a man who was a Goldman-Sachs partner for 17 years, who also worked for George Soros, as the chair of his finance committee.
He’s a deal maker, folks. Nothing controls “Mr. Trump.” Not even the promises and statements he has made on the campaign trail. Everything is up to negotiation.
Now, about that wall….