Joy Reid: Trump’s Tax Cut Will ‘Line the Pockets of the Millionaires and Billionaires’ Who Make Up The ‘Platinum-Plated Trump Cabinet’

RUSH EXCERPT:

REID: "Good morning. Welcome to Am Joy. Just before departing for his Christmas vacation at his private club in Mar-a-Lago, where the initiation fee is $200,000 and annual dues run you $14,000, President Trump signed into law a major tax overall which will line the pockets of the millionaires and billionaires who make up the Trump cabinet. Folks like Steve Mnuchin and Jared Kushner who stand to squirrel away millions under the new tax scheme. Not to mention the millions Republicans will shovel into trump’s own bank account through the bill. 11 million a year according to a New York Times analysis. The middle fifth of American households will get an average of 18 bucks a week in tax cuts in 2018. We’ll see even that meager cut disappear within the next decade. Republicans are setting their sights on gutting the social safety net to pay for the tax cuts for corporations and the super rich. First up, welfare. Which is not a single program but a catch-all term for social benefits that Republicans never liked."