- Trump admitted that the Republican tax plan favors the rich and elite:
- Toronto Star’s Daniel Dale: “Trump points to people in the front when talking about how Congress needs to repeal the estate tax. He explains: ‘They love their children. They're very rich.’”
- New York Times’ Jim Tankersley: “‘I'm driving up their stock’ Trump says of bankers, many of whom he says he doesn't like. ‘Anyone could do their jobs…we're making it easy for them’”
- Trump continued to lie about the Republican tax plan:
- It won’t bring jobs back, and would actually incentivize firms to send jobs and profits overseas;
- It does not help the middle class, and would actually increase taxes on families earning less than $75,000;
- People’s income won’t increase by $4,000 a year, as corporations won’t use tax cuts to create jobs or raise wages;
- And Trump and his family benefit, a lot, and could gain more than $1 billion.
- Trump claimed credit for economic gains that were just a continuation from the Obama Administration:
- Trump exaggerated his credit for the modest economic gains under his administration that were just a continuation from the Obama Administration.
- Trump repeatedly boasted about the stock market, even though the gains were smaller than several of his recent predecessors and just keeping pace with gains under Obama.
- Average monthly job creation was lower under Trump than under Obama in 2016
- Despite Trump’s claims, GDP growth frequently topped 3 percent under Obama.
