Drudge Retort: The Other Side of the News
Saturday, December 23, 2017

President Trump would save about $11 million on his taxes, if the new Republican tax overhaul were applied to his 2005 tax return, a New York Times analysis has found. The savings would be a roughly 30 percent cut. He would also save another $4.4 million on his eventual estate tax bill. On Friday, President Trump signed the sweeping tax overhaul approved earlier this week by Congress, a package of cuts that would overwhelmingly benefit the wealthy.

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On Tuesday, White House spokeswoman Sarah Huckabee Sanders said: "In some ways, particularly on the personal side, the president will likely take a big hit." Last month, Mr. Trump said he would be a "big loser" under the tax bill.

In fact, high-income earners like Trump are likely to benefit disproportionately from the new law. Nearly 43 percent of the tax overhaul's total benefits will flow to the top 5 percent of taxpayers, according to the nonpartisan Tax Policy Center.

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Wow, what an unexpectedly lucky break!

Nobody knew the tax cuts rammed through by Trump and his rich Republican friends would mostly help Trump and his rich Republican friends!

#1 | Posted by cbob at 2017-12-23 03:49 PM | Reply | Newsworthy 3

Trump wins, his rwing proxy voters might get 2 percent to his 30. They are really, really smart!

#2 | Posted by Corky at 2017-12-23 03:50 PM | Reply

White House spokeswoman Sarah Huckabee Sanders said: "In some ways, particularly on the personal side, the president will likely take a big hit."

God I hate that shebeast.

I guess it's no surprise such a huckster would come from Mike Huckabee.

#3 | Posted by jpw at 2017-12-23 04:28 PM | Reply

Enjoy your $60 Trumpers.

#4 | Posted by 726 at 2017-12-23 08:48 PM | Reply

That's $60 per month. They are the new Indians selling Manhattan for a string of beads.

#5 | Posted by BruceBanner at 2017-12-24 11:43 AM | Reply

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