Smart Guy Trump Writes Himself a $31 Million Tax Break
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Smart Guy Trump Writes Himself a $31 Million Tax Break

His One-Sheet Plan Includes Ending the Tax That Snared Him in 2005

Magical taxes. Trump’s tax plan would give himself a yuge tax break. The proposal would eliminate the alternative minimum tax which is meant to increase taxes for people making $200,000 a year or more. David Cay Johnston, the founder and editor of DCReport.org, received a partial copy of Trump’s 2005 tax return which showed that the Trumps paid $31.3 million in alternative minimum tax for that year. Trump has previously said he wants to get rid of the alternative minimum tax. Trump’s plan would also slash the top corporate tax rate although he doesn’t have any plans for how to pay for this. His chances of actually passing this tax plan may be dim. George Callas, senior tax counsel to House Speaker Paul Ryan, has called passing a corporate tax cut without paying for it a “magic unicorn.”

Health care, for Republicans. Republicans have campaigned for years against the supposed evils of the Affordable Care Act. But they apparently liked provisions such as protections for sick people enough to write them in for themselves in the latest version of Trumpcare. After Vox reported this, Rep. Tom MacArthur (R-N.J.) said he’d close that loophole.

Wolves on the loose. A federal appeals court has lifted an order that blocked the release of Mexican gray wolves in New Mexico. It is unclear if more wolves will actually be released in the state. Trump’s Interior Secretary, Ryan Zinke, opposed protections for gray wolves and other endangered animals when he was a Montana congressman.

April 28, 2017