Trump's "no tax on tips" vanishes as Trump bails on biggest promise - Brian Tyler Cohen

[TexasTowelie]

Transcript


on tips the president has said your tips
will be 100% yours does this tax bill
continue the payroll tax on people's
tips uh yes it yes it does Mr overtime
the president said your overtime will be
tax-free does this bill continue the
payroll tax on overtime it does not
exempt overtime from the payroll tax the
president said he's going to remove
taxes on social security does this bill
remove taxes on social security benefits
the legislation provides an increased uh
uh exemption amount for but does it
remove taxes on social security benefits
as promised by the president does not uh
change social hell of an exchange
between representative Tom Suis and
Thomas Bartold the chief of staff on the
joint committee of taxation that
perfectly encapsulates the Trump
presidency it is the clearest possible
illustration of how Donald Trump
operates promise one thing to the
American people with big flashy rhetoric
and then deliver something completely
different that benefits his wealthy
donors and no one else in this case the
bill that Donald Trump had been touting
as a massive win for the working class
doesn't actually contain any of the
things he'd been promising none of it
not the elimination of taxes on tips not
the elimination of taxes on overtime not
the elimination of taxes on social
security all of the things that he told
his supporters would be in this bill
completely absent and again this isn't
some partisan take it is literally the
opposite the chief of staff on the joint
committee of taxation is a nonpartisan
official he was appointed chief of staff
by two Democrats in 2009 and kept in his
position by two Republicans in 2014 when
Paul Ryan and Orin Hatch issued a joint
statement calling Tom a strong
nonpartisan leader during his five years
as chief of staff and praising the work
done by Tom and the JCT staff as quality
objective reports and analyses that help
shape the major policy debates that are
important to hardworking American
taxpayers all of which is to say this is
an honest broker which is more than we
could say for Donald Trump who said this
we've come here today to talk about
the biggest promise I think that the
restaurant workers have had in a long
time and that's no tax on tips and in
our case we mean it somebody that I know
just copied it just copied it but you
know that's not going to happen if
you're a restaurant worker a bartender
hospitality worker a caddy a barber a
mover driver of any kind or anyone else
you rely on a lot of tip income
hopefully a lot but when I win in
November hopefully we're going to win
we're going to turn our country around
we're going to make America great again
we are going to let you keep 100% of
your t income and not be harassed and
yet when we have the actual bill in
front of us we can see that he fails to
deliver why because he got what he needs
from his voters and as far as he's
concerned they have no leverage and he
owes them nothing and that shouldn't
surprise anybody remember this is the
same Donald Trump who claimed that he
was going to deliver a manufacturing
revival during his first term and what
happened by the end of his presidency US
manufacturing had fallen into a
recession before the pandemic even hit
according to the Federal Reserve
manufacturing output declined by 1.3% in
2019 the number of manufacturing jobs
created during Trump's prepandemic
presidency actually lagged behind the
number created during Obama's second
term and by the end of Trump's term he
oversaw a net loss of 178,000
manufacturing jobs not exactly a
renaissance or remember his promise of a
fantastic healthcare plan that would be
less expensive and much more
comprehensive than Obamacare yeah four
years later we never saw that plan not a
single page and when Republicans tried
to repeal the Affordable Care Act they
had absolutely nothing to replace it
with tens of millions of Americans would
have lost coverage with nothing to
cushion the blow what about that massive
infrastructure plan you know the one
that he touted as going to rebuild
America's crumbling roads and bridges
instead infrastructure week became a
running joke during the Trump
administration because it never actually
happened the American Society of Civil
Engineers continued to give America's
infrastructure a D+ grade throughout
Trump's presidency because he never
delivered the plan that he promised and
as if we needed another example let's
not forget Donald Trump's promise to
deliver a middle class tax cut and yet
what did we actually get the 2017 tax
cut and jobs act which was a massive
giveaway to corporations and the wealthy
that did almost nothing for the middle
class according to the Nonpartisan Tax
Policy Center by 2027 83% of the
benefits of that tax cut will go to the
top 1% of earners meanwhile the
corporate tax cuts were made permanent
while even the modest individual tax
cuts were designed to expire the
Congressional Budget Office estimated
that Trump's signature tax law would
cost $1.9 trillion over 10 years
ballooning our deficit and remember how
they claimed it would pay for itself
through economic growth yeah that never
happened either the federal deficit
increased every single year Trump was in
office long before the pandemic hit but
hey something something fiscal
responsibility am I right so when we see
this new exchange between Rep suazi and
Mr bartold we are seeing the exact same
playbook all over again trump's public
promises bear absolutely no resemblance
to the actual legislation that gets put
forward he claims to be working for the
American people when actually he is
delivering for the donor class the real
Trump presidency isn't the one he talks
about it's not about helping waiters
keep more of their tips or factory
workers keep more of their overtime or
seniors keep more of their social
security the real Trump presidency is
about making sure the tax rate for the
wealthiest Americans stays at 37%
instead of returning to
39.6% it's about preserving a massive
loophole for hedge fund managers that
allows them to pay a lower tax rate than
their secretaries and if you think I'm
being unfair let's look at what the tax
bill does do it makes the 2017 tax cuts
permanent which again primarily
benefited the wealthy and corporations
the bill before Congress right now
according to Bartold extends permanently
the top tax bracket at 37% that's the
priority that is what's actually in the
bill this is the essence of fake
populism it is promising to be on the
side of working Americans while
legislating for the benefit of the ultra
wealthy is promising to drain the swamp
while filling your administration with
lobbyists and industry insiders and the
wealthiest Americans among us it is
claiming to represent the forgotten men
and women of America while making sure
the forgotten stay forgotten and
honestly the most insulting part isn't
even the lies it's the expectation that
we're all too stupid to notice trump
stands in front of crowd after crowd
making promises about tax-free tips and
overtime that aren't in any legislation
hoping that no one will check well Tom
Suis checked and now we all know the
truth trump isn't just failing to
deliver on his promises he is actively
delivering the opposite he promised a
tax cut for middle class workers and
delivered for the wealthy he promised
better health care and tried to take
away what people already have he
promised a manufacturing renaissance and
we got a manufacturing recession you
know what they say fool me once shame on
you fool me twice shame on me but fool
me over and over and over again for
years on end that's just being a Trump
supporter at some point you have to
wonder how many broken promises it'll
take before people finally realize that
the populist rhetoric is just a show and
the real agenda has never changed make
promises to the working class but
deliver for the rich.