NYMag Aug. 1, 2018

White House: A Wide Variety of People Want an Illegal Capital Gains Tax Cut

The Trump administration spent much of last fall assuring voters that it had no intention of cutting taxes on the rich. “Tax reform will protect low-income and middle-income households, not the wealthy and well-connected,” the president told supporters in Indiana last September. “They can call me all they want. It’s not going to help.” National Economic Council director Gary Cohn went further, promising, “The wealthy are not getting a tax cut under our plan.

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