Matthews: Trump’s Tax Bill ‘Is an Insult To Democracy’

RUSH TRANSCRIPT:
MATTHEWS: Trump watch. Monday, November 27th, 2017. This tax bill trump is pushing is an insult to democracy. It’s trump saying mere near the country’s top 1%. The Trump Tower tax cut for the top donors to the Republican Party. A payoff for service rendered and nothing more. Why, you have to ask yourself, is he getting rid of the estate tax. You to should know so a couple with more than $11 million to give their kids will be able to do it tax-free. More than 11 million to pass on because that’s the amount they can give under present law. Trump wants to double that amount to $22 million. because that’s the amount they can give under present law. Trump wants to double that amount to $22 million. Who would he be doing that for? And while he is giving this huge bonanza to America’s dine cities, he is killing the individual mandate, the underpinning of the affordable care act. Why would he do that? Because it allows him to cut a third of a trillion dollars in taxes from those at the very top. It helps give corporations a tax cut from a rate of 35% down to just 20%. Democrats are unlikely to vote for this bill. Republican senators are going to do it themselves. If your senator is one of those giving this bill the thumbs-up, be sure to remember that, and that he or she did it. A Republican candidate for president once infamously mocked what he called the 47% who depend on the federal government for special breaks. Presumably he meant those lower down on the income scale. But at least Mitt Romney was only talking out of school. Donald Trump is now giving the lion’s share of these tax cuts to the top 1% right in your face. If you think this is a good idea, write your Republican senator. Tell him good work. Keep it up. If you don’t think this trump."