Posted by: maboulette | September 1, 2018

Hours After Ordering Pay Cut for Millions of Public Workers, Trump Proposes $100 Billion Gift to Richest 1%


new trump

Hours after he launched yet another “direct attack” on workers by cancelling a modest pay raise for around two million federal employees, President Donald Trump told Bloomberg on Thursday that he is considering a regressive and possibly illegal plan to use his executive power to hand the rich another $100 billion in tax cuts by indexing capital gains to inflation.

REWARD THE RICH

“There are a lot of people that love it and some people that don’t,” Trump said of the plan, which would disproportionately reward the top 0.01 percent of Americans. “But I’m thinking about it very strongly.”

FREEZING FEDERAL AGENCIES

Trump’s Oval Office interview with Bloomberg came shortly after the president announced in a letter to congressional leaders that he is freezing a planned 2.1 percent pay increase for federal workers just ahead of Labor Day, claiming that “federal agency budgets cannot sustain such increases.”

GIFTS TO THE RICH

But for Trump and the Republican Party, concerns for “fiscal sustainability” are quickly dropped when it comes time to deliver major gifts to the richWall Street, and the Pentagon.

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