Here Is The Leaked Trump Tax Plan

Update 1: To our complete ‘shock’, Democrats have already taken to the media to bash Trump’s tax proposal as a “windfall for the weathly” even though the plan explicitly contemplates a new top end personal tax bracket to “ensure that the reformed
tax code is at least as progressive as the existing tax code and does
not shift the tax burden from high-income to lower- and middle-income
taxpayers.”
SCHUMER: GOP TAX PROPOSALS WON’T FLY WITH AMERICAN PEOPLE
SCHUMER: GOP TAX PROPOSALS WOULD RESULT IN WINDFALL FOR WEALTHY
WYDEN: GOP TAX PLAN BREAKS TRUMP PLEDGE THAT RICH WOULDN’T GAIN’
Meanwhile, Senator Wyden somehow concluded that a “lack of detail” necessarily confirms that the middle class is about to get screwed by the Trump administration…we’re waiting to hear from Wyden on whether that lack of detail also confirms that Trump colluded with the Russians in 2016.
WYDEN: LACK OF DETAIL IN PLAN MEANS MIDDLE-CLASS WILL BE HIT
And, of course, Pelosi had to chime in by stringing together a series of buzz words to form non-sensical statements:
PELOSI: GOP WILL GO AFTER SOC. SEC, MEDICARE TO PAY FOR PLAN
PELOSI: GOP STILL PURSUING TRICKLE-DOWN AGENDA
* * *
This afternoon, during a speech in Indianapolis, President Trump was expected to reveal, for the first time, the details of the long-anticipated Republican tax reform proposal that calls for substantial business and individual tax cuts. But in a political era where every little thing is leaked to the media, we no longer have to wait for presidential speeches to learn the details of key pieces of legislation. As such, below is a 9-page summary of Trump’s tax plan courtesy of the latest leaks.

This post was published at Zero Hedge on Sep 27, 2017.