and he is also the first president in history to we have reason to believe is pushing a tax cut specifically because it is good for him. it is great for him. no president before donald trump was ever vulnerable to the accusation of trying to cut taxes for his own personal benefit. when we watched president reagan and president clinton and president bush and president obama pushing tax legislation, we d already looked at their personal income tax returns which they made public. donald trump is never going to voluntarily let us see his tax returns and so whenever he tries that line about this tax cut not being good for him, he will always have to follow it with that catchphrase of his, believe me. but he will never, ever give anyone a reason to believe him
republicans did this kind of massive tax cuts, president george w. bush actually took the bottom tax bracket down and it was 15% and he took it down to 10% which was politically a brilliant stroke because it helped what they call the distribution chart who benefits by how much over the income ranges. to see the bottom tax bracket actually increase is really a stunning tone deaf note that s in this plan. well, almost everything this administration does is politically tone deaf. the problem they have is that they want to massively cut the corporate tax rate and there isn t enough there aren t enough tax loopholes on the corporate side that just pay for it honestly by getting rid of those loopholes. they have to find some additional revenue and so they re squeezing the individual side which is actually the opposite of the tax reform act
partner in crime as a figure of speech. donald trump confessed to the crime in the first words that he spoke today about the republican tax crusade. the only reason the democrats can hope that the republican tax crusade might fail is because donald trump is president. if any other republican were president, the republican congress would have passed a tax cut for that republican president to sign. as they did for george w. bush on june 7th. there s the last republican president signing a tax cut in to law on june 7th of his first year in office. on june 7th of this year, the president was in cincinnati having one of those raucous trump rallies promising to repeal and replace obamacare any minute now and unveiling the trump infrastructure plan. remember that? trump infrastructure plan which has gone absolutely nowhere.
the wealthy cutting the capital gains tax rate. because we are not allowed to see donald trump s tax returns, we can t give you numbers on how giant a tax gift this is to donald trump himself. donald trump is the first president in history who when unveiling a tax proposal has said, it s not good for me. believe me. and he is also the first president in history to we have reason to believe is pushing a tax cut specifically because it is good for him. it is great for him. no president before donald trump was ever vulnerable to the accusation of trying to cut taxes for his own personal benefit. when we watched president reagan and president clinton and president bush and president obama pushing tax legislation, we d already looked at their
obamacare, president trump began his big push today in his next legislative crusade and proved why he is the worst possible partner the crime for congressional republicans and, of course, i mean the phrase partner in crime as a figure of speech. donald trump confessed to the crime in the first words that he spoke today about the republican tax crusade. the only reason the democrats can hope that the republican tax crusade might fail is because donald trump is president. if any other republican were president, the republican congress would have passed a tax cut for that republican president to sign. as they did for george w. bush on june 7th. there s the last republican president signing a tax cut in to law on june 7th of his first year in office. on june 7th of this year, the president was in cincinnati