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Donald Trump for Middle-Class Tax Cut–Fat Cats, Not so Much

Donald Trump says his tax plan will not receive bipartisan support unless he compromises with Democrats.

From ABC News:

As Donald Trump pivots to the general election battle, he’s already walking back his tax plan, the most specific policy proposal he has released during the campaign.

“By the time it gets negotiated, it’s going to be a different plan,” Trump told George Stephanopoulos on ABC News’ “This Week.”

In Trump’s tax plan, the wealthiest individuals would get a tax break, with the top tax rate dropping from 39.6 percent to 25 percent. But when pressed if he wants taxes on the wealthy to go up or down, he predicted that the top rate would be higher than the plan says.

“On my plan they’re going down. But by the time it’s negotiated, they’ll go up,” Trump said. “Look, when I’m negotiating with the Democrats, I’m putting in a plan. I’m putting in my optimum plan. It’s going to be negotiated, George. It’s not going to stay there. They’re not going to say, ‘There’s your plan, let’s approve it.’ They’re going to say, ‘Let’s see what we can do.'”

Read the rest of the story here.

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