Conservative media, a giant fog machine

[Admin]

How about this for alternative reality.. 

Despite overwhelming analysis from non-partisan tax organizations that indicate the GOP tax plan overwhelmingly benefits wealthy Americans like him, Trump dismissed that “Democratic talking point” as “garbage” and even suggested his own taxes would be higher as a result. Batiromo goes on to ask Trump, “So you don’t mind individually paying a higher tax yourself because it means a 2 percent corporate tax rate is going to have an impact on the economy move us up in terms of growth?”

What Batiromo fails to mention, however, is this plan will directly benefit wealthy heirs like Eric Trump.

Under the GOP tax framework, owners of “pass-through entities” would be able to pay a tax rate of 25 percent, instead of at their own individual rate. Republicans are selling this as a “small business tax cut” but small business owners already pay a rate of 25 percent or lower on their share of profits. This leaves room for owners of large pass-through businesses like hedge funds or one of the over five hundred pass-throughs that are owned by the Trump Organization (run by Eric Trump along with Donald Trump Jr.) to re-characterize their personal income as profit and pay a tax rate of 25 percent instead of 39.6 or 35 percent.

Fox News praises Eric Trump for welcoming higher taxes under dad’s plan. (He gets a huge tax cut.) – ThinkProgress

Trump Jr. argues that his father's tax proposals will lead them to pay higher taxes, that's as blatant a lie as possible..