► Trump sez Health Care cuts needed to provide Tax Cut for Billionaires Print E-mail

Trump sez Health Care cuts needed to provide Tax Cut for Billionaires

 

During the presidential election, Donald “Trumporleone” Trump repeatedly told his followers that under his presidency there would be no cuts to health care for Americans. In fact, he said his plan to repeal Obamacare would result in “great health care” at much lower prices for all Americans.

 

During a recent (mid-April 2017) interview with Maria Bartiromo of the Fox Business Comedy Network, The Don explained why it was urgent that Congress repeal Obamacare. The Don then told Fox’s low I.Q. followers:

 

“We will save, perhaps, 900 billion dollars."

"You know, if you look at the kind of numbers that we're talking about, that's all going back into the taxes.”

“And we have to do health care [repeal Obamacare] first to pick up additional money so that we get great tax reform.”

 

The Don’s “great tax reform” will result in the following:

  • Corporate tax rate: reduced to 15% from 35%
  • Top 1% of income earners: realize annual savings of $157,000
  • Billionaire money managers: 8.8% tax cut = $90 million per $1 billion

According to Forbes (March 2017 edition), hedge fund manages James Simons and Michael Platt each personally made an estimated $1.5 billion in 2016. Under The Don’s tax plan, Jimmy and Mike would both realize annual tax savings of about $135 million on income of $1.5 billion.

 

The Don’s tax plan for middle-quintile taxpayers, who earn an average $38,000, would get an annual $494 break. Therefore, Jimmy and Mike’s annual tax break of $270 million would be equal to a middle-income tax break for 546,558 hardworking Americans.

 

How long will it take for the middle-class, blue collar type workers to understand that they were taken to the cleaners by The Don?

 

Each middle-come earner that voted for The Don should ask themselves one simple question and that is “Have you ever seen The Don invite middle-class folks to mingle with him at his Mar-A-Lago estate in Florida?”

 

I’m sure middle-class folks in poor states like West Virginia, Kentucky, Mississippi, Louisiana and Arkansas, just to mention a few, will be delighted to lose their health care insurance so that billionaires like James Simons and Michael Platt can pocket hundreds-of-millions in tax breaks over the next several years.

 

With The Don’s billionaire tax cut, y’all should really good a night’s sleep knowing that the following folks will receive well-deserved and much needed tax breaks at your expense.

  • Bill Gates = $61 billion
  • Warren Buffett = $44 billion
  • Larry Ellison = $36 billion
  • Christy Walton = $25.3 billion
  • Charles Koch = $25 billion
  • David Koch = $25 billion
  • Sheldon Adelson = $24.9 billion
  • Jim Walton = $27.7 billion
  • Alice Walton = $23.3 billion
  • R. Robson Walton = 23.1 billion

Total = $315.3 billion = $28.4 billion annual tax savings

 

It almost makes you giddy to think that these poor folks, especially members of the Walton Family will be able to increase their net worth by nearly $300 billion over the first ten years of The Don’s humanitarian tax breaks.

 

For additional post-election articles re: The Don visit the following articles

  1. Trump miscellaneous articles: Art. 1 thru 37 Dawg Opinions
  2. Trump’s victims of Draining the Swamp: Art. 38 thru 48 Dawg Opinions
  3. Trump Filling the Swamp: Art. 49 thru 53 Dawg Opinions
  4. Trump miscellaneous articles: Art. 279 thru 292 Dawg Opinions
  5. Trump Bullshit: Art. 355 thru 376
  6. Trump Lies: Art. 1 thru 18 Liar Awards
  7. Lunatic Awards: Art. 315 thru 317
  8. Screwball Awards: Art. 267 thru 268
  9. Rodney Dangerfield Awards: Art. 198 thru 206
 
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