New York, September 21 (RHC)-- A new investigation of Donald Trump’s tax plan, which he unveiled last week at the New York Economic Club, finds it would create huge tax breaks for the rich, and only much smaller tax breaks for low- and middle-income families.
The analysis was done by the D.C. think tank the Tax Foundation. It estimates that under Trump’s plan people earning $5 million could save a staggering $800,000 on their taxes each year. The foundation also found his plan to be enormously expensive, costing at least $10 trillion over a decade.
This comes as a New York Times investigation has found that Donald Trump has received at least $885 million in New York City tax breaks for his real estate projects since 1980. The Times also reports Trump successfully sued three mayoral administrations when the city sought to deny him tax breaks for a pair of Trump skyscrapers.
New Report Says Donald Trump's Tax Plan Would Benefit Rich Most
Related Articles
Commentaries
MAKE A COMMENT
All fields required
Now Playing
24 Horas en el mundo
Next Program
- Desde Mi Habana
- La Trova Cubana
- Un lugar para la poesía
More Views
- Statement by the Minister of Foreign Affairs of the Republic of Cuba, Bruno Rodríguez Parrilla, at the quarterly open debate of the UN Security Council on The situation in the Middle East, including the Palestinian Question
- An agreement with major social implications
- Argentina’s president fires his foreign minister after vote in favor of ending U.S. blockade against Cuba
- Overwhelming victory at United Nations: Cuba supported by 187 votes against the blockade; two in favor of maintaining the genocidal measures
- Venezuelan president reveals María Corina Machado is between Panama and Colombia asking for new sanctions