Sen. Bernie Sanders. (photo: Getty)
27 April 17
en.
Bernie Sanders (I-Vt.) on Wednesday railed against President Trump's
proposed tax plan, saying it would make the "rigged economy" even worse.
"At a time when we have a rigged economy designed to
benefit the wealthiest Americans and largest corporations, President
Trump’s new tax plan would only make that system worse," Sanders said in
a statement.
"He would slash taxes for himself and his billionaire
friends and significantly increase the deficit, while doing little to
help rebuild the collapsing middle class," he added.
The White House unveiled a list of sweeping reforms
to the tax code on Wednesday aimed at simplifying the system and doing
away with most deductions. The plan would lower the number of tax
brackets from its current seven to three and would wipe out all
deductions for individuals, except for the mortgage interest and
charitable donation deductions.
But the plan also calls for an end to the estate tax
and alternative minimum tax and would dramatically slash the corporate
tax rate from 35 percent to 15 percent.
"Rather than making large profitable corporations —
many of which pay nothing in federal income tax — finally contribute
their fair share, Trump wants to give them a huge tax break," Sanders
said.
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