Trump on his own tax plan: ‘I’m not a huge fan of that’
Donald Trump probably didn’t know what his tax plan is, the one that he put out and that is on his website.
The campaign released a tax reform plan in September that laid out exactly how he would lower tax rates on businesses and individuals. While he claimed that it would give the middle class “major tax relief” while making hedge fund managers pay, analyses found that in fact most of the benefits would accrue to the wealthiest 1 percent and leave very little for everyone else.
When pressed on those details on CNBC on Thursday morning, rather than defend his plan, Trump started to walk it back.
“Given that you’ve championed the middle class so much in your speeches, one of the critiques of your tax plan is that 40 percent…of the tax cuts end up going to the top 1 percent under the current plan,” the host asked him. “How do you square that?”
“I will say this, and I’m not necessarily a huge fan of that,” Trump responded. “I’m so much more into the middle class who have just been absolutely forgotten in our country.”
He went on to explain that his tax plan shouldn’t be taken as a literal description of his priorities, but a general starting point. “When you put out a tax plan, you are going to start negotiating,” he said. “You’re not going to say, ‘Okay, this is our tax plan, lots of love folks.’ There’s going to be a negotiation back and forth.”