Hurricane Irma is currently battering Florida and has been the biggest and most unpredictable storm the country has ever faced…just two weeks after the last biggest and most unpredictable storm hit Texas. The back-to-back hurricanes will cost America billions, and Congress is scrambling to figure out how to pay for the relief efforts.
But President Trump has an idea. We’ll make up the money by giving the super-rich massive tax cuts. Somehow, this math makes sense to Trump. In a cabinet meeting, he said that hurricanes proved they need to “speed up” the processes to pass his “tax reform” plans.
His tax agenda only helps corporations, millionaires, and billionaires. To back up his absurd claim, Trump also used one of his biggest campaign lies, that America is the most heavily taxed nation in the world.
Here’s his full statement:
To create prosperity at home we’ll be discussing our plan for dramatic tax cuts and tax reform. And I think now with what’s happened with the hurricane, I’m gonna ask for a speed up. I wanted a speed up any way, but now we need it even more so. So we need to simplify the tax code, reduce taxes very substantially on the middle class. And make our business tax more globally competitive. We’re the highest anywhere in the world right now.
But as PolitiFact repeatedly noted, “By all metrics we looked at, the United States is far from the most taxed nation overall and for businesses.” In fact, data from the most recent year available indicates that the United States “actually places near the bottom or around the middle of the pack.”
Two more hurricanes may pose a threat to America—Jose, and Katia. If Congress needs to pull even more funding for those storms, by Trump’s logic, no one should ever pay taxes.