The following article by John Wagner was posted on the Washington Post website November 29, 2017:
During a speech touting the GOP tax plan in St. Charles, Mo., on Nov. 29, President Trump said his “focus” is to help “the people that like me best.” (The Washington Post)
ST. CHARLES, Mo. — With a critical Senate vote looming, President Trump on Wednesday pitched the Republican tax plan as a boon to his working-class supporters, even as independent analyses have indicated that the wealthy and corporations would be the biggest beneficiaries.
“Our focus is on helping the folks who work in the mail rooms and the machine shops of America, the plumbers, the carpenters, the cops, the teachers, the truck drivers …. the people that like me best,” Trump said in remarks to an enthusiastic, invitation-only crowd of about 1,000 at a convention center in a state that he carried comfortably in last year’s election.
“Really, the people that like me best are those people, the workers,” Trump said. “They’re the people I understand the best. … They came out to vote for me. They came out to vote for us.”
A report released Sunday by the nonpartisan Congressional Budget Office found that the GOP Senate plan would give substantial tax cuts and benefits to Americans earning more than $100,000 a year while the nation’s poorest could be worse off.
By 2027, most people earning less than $75,000 a year would be net losers under the plan, the CBO found. Meanwhile, millionaires and those earning between $100,000 and $500,000 would be big beneficiaries, according to the CBO’s calculations.
Senate Republican leaders have questioned the analysis, which takes into account the projected effects of a provision in the bill that eliminates the requirement that almost all Americans buy health insurance or else pay a penalty. The CBO has calculated that health insurance premiums would rise as a result, leading 13 million to lose insurance by 2027.
Trump appeared upbeat as he addressed the crowd from a stage lined with Christmas trees, urging the Senate to pass the bill in coming days.
“The big day will be either tomorrow or the next day,” Trump said. “I would say, ‘Do it now.’ ”
If the bill passes, the Senate will have to work out differences with the House, which has passed its own version of a tax-cut bill. Trump referred to the process as “a mixer” and said he hopes to have compromise legislation on his desk by Christmas.
“Together we will give the American people a big, beautiful Christmas present,” Trump told the crowd. “You’re going to have something I predict is going to be really, really special.”
Republicans are forging ahead with their promise to overhaul the tax code, even with very little public support for their proposal. (Video: Jenny Starrs/Photo: Jabin Botsford/The Washington Post)
Several recent polls show that more Americans oppose than support the Trump and GOP tax plans. A Quinnipiac poll this month found about twice as many disapproving as approving (52 percent vs. 25 percent), with nearly a quarter offering no opinion.
Polls have also found a widespread perception that the Trump tax plan is geared toward the wealthy. In a Washington Post-ABC News poll this month, 60 percent said his tax proposal favors the rich, while 13 percent thought it favors the middle class, 2 percent said it favors the poor, and 17 percent said it treats all equally. Continue reading “Trump touts benefits of tax cuts for ‘the people that like me best’”
Two years after President Trump signed his tax cut legislation into law, the measure has not become a runaway hit with the public, posing a potential challenge for his reelection bid as workers say they haven’t seen much of a benefit. 
