Hours after he launched yet another “direct attack” on workers by canceling 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.
“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.”
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.”
But for Trump and the Republican Party, concerns for “fiscal sustainability” are quickly dropped when it comes time to deliver major gifts to the rich, Wall Street, and the Pentagon.
Stagnant wages for working people. Tax cuts for billionaires. https://t.co/vTw3tTJBnT
— Our Revolution (@OurRevolution) August 30, 2018
Today Donald Trump announced that he was instituting a real pay cut for 635,000 veterans, including 260,000 veterans with disabilities.
He also announced that he was considering giving another tax break to the richest 1 percent of Americans.
SAME DAY.
— Michael Linden (@MichaelSLinden) August 30, 2018
“Hours after cheating millions of middle class workers, Trump wants to send another kiss to the rich — unilaterally, without any approval from Congress,” Rep. Bill Pascrell (D-N.J.) wrote on Twitter late Thursday. “He ignores the law, governs for the top one percent, and doesn’t give a hoot about the rest of us.”
In a Facebook post responding to Trump’s decision…