The author of his tax plan, Treasury Secretary Mnuchin, vowed last winter that Trump’s reforms would not disproportionately benefit the rich. In fact, he went further: “Any reductions we have in upper-income taxes will be offset by less deductions, so there will be no absolute tax cut for the upper class. There will be a big tax cut for the middle class, but any tax cuts we have for the upper class will be offset by less deductions that pay for it.”
That was then, this is now — which with Trump usually means that he was lying.
To Trump’s long list of broken promises and guarantees during his first 100 days, the Late Night host adds his recent backpedaling on the construction of the vaunted border wall. But if fans like Rush Limbaugh are disappointed, they can take comfort in one vow he may fulfill: to cut taxes for corporations, adding some big special tax benefits for the wealthiest Americans, such as the abolition of the alternative minimum and estate taxes.