By Amanda Litvinov / image by Gage Skidmore
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Republican presidential candidate Donald Trump gave further evidence that he is out of touch with the concerns of everyday Americans when he bragged before an audience of millions about paying no federal income taxes.
When Democratic candidate Hillary Clinton said during the first presidential debate on Monday that there have been years in which Trump paid $0 in federal income taxes, Trump interjected, “That makes me smart.”
“If he’s paid $0, that means $0 for troops, $0 for vets, $0 for schools or health [care],” Clinton said.
Clearly, Donald Trump believes that he is entitled to the giveaways and loopholes that allow a self-proclaimed billionaire to pay nothing in federal income taxes. While middle class workers pay their share to fund our infrastructure, public health, and public education systems, the wealthiest of the elite enjoy lower tax rates and, in some cases, contribute nothing at all.
Trump’s latest tax plan, released in September, favors the wealthy even more.
If he is elected, Trump intends to cut income taxes for all wage earners, with the largest cuts (as a share of their personal income) for the top 1 percent. Some middle- and low-income families would end up paying more under Trump’s plan, because the bottom income tax rate would increase from 10 to 12 percent.
Trump’s program of tax cuts would reduce federal revenues by at least $4.8 trillion over the next decade, according to an analysis by Citizens for Tax Justice.
Hillary Clinton has pledged that if elected, she will ask the wealthy to contribute their fair share, so that we can address issues like under-resourced public schools.
If the federal government stopped giving tax breaks to the ultra rich and corporations that don’t need them, it could instead fully fund education programs like Title I, which provides targeted assistance for low-income students, and the Individuals with Disabilities Education Act (IDEA), which has never received even half the funding Congress promised 40 years ago.
If you believe people like Donald Trump should chip in their fair share to help support all students, share this graphic today!