Trump and the GOP want to steal $2.8 trillion dollars from Black families and hand it over to their corporate buddies who are funding their campaigns. As if the first round of tax cuts wasn’t bad enough, Trump and the GOP are proposing even deeper cuts to cover the ballooning deficit they created. These cuts would eviscerate Medicaid, Medicare, Social Security, and education budgets and do absolutely nothing to help working families who are struggling to get by due to rising costs of living.
The fatal cuts to working families and social service programs further exacerbate the centuries old racial wealth gap between Black and white earners. Because white households have 10 times the wealth of Black households, any tax plan that’s biased toward the wealthy, will also be racially biased against Black people. Black workers are overrepresented among the lowest wage workers, who will actually see their taxes increase under Trump’s new tax plan.
At a time when the cost of housing is soaring, the racial wealth gap keeps widening, and more and more workers wages are remaining stagnant, we don’t need to give anymore handouts to millionaires and billionaires. We need a tax policy that works for the many and not the few. We need bold leaders in Congress to stand up and call Trump and the GOP out on their scam.