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Trumpland with Alex Wagner

Comparison with Harris economic plan exposes Trump tax hike on middle class, favors for ultra rich

Trumpland with Alex Wagner

NBC News

News, Society & Culture

4.51.2K Ratings

🗓️ 28 August 2024

⏱️ 43 minutes

🧾️ Download transcript

Summary

Plus, An entire generation held back: Harris targets housing crisis with new plan

Transcript

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0:00.0

It is Tuesday. So I must be talking about you guessed it project 2025. Digging through this 922 page

0:07.0

tome is my work until election day. I've read it so you don't have to. It's full of plans for every aspect of the federal

0:14.2

government, mostly shrinking it except for the parts that allow the government to

0:17.5

control the lives of its nation's citizens in the worst ways. Oh and then there's

0:22.1

this other part. cutting taxes for corporations

0:24.8

and the wealthiest among us. Now today the Progressive Think Tank Center for American Progress

0:29.7

released an analysis of what Project 2025's tax plan would actually look like

0:34.7

for America's bank accounts if Trump enacted it. The top lines in this thing are

0:40.2

amazing. According to the Center for American Progress, Project 2025's

0:44.5

tax plan would cut taxes for households making more than 10 million dollars a

0:51.2

year by an average of 2.4 million dollars a year, which is great news for the hyper wealthy.

1:00.0

But what about for the rest of America? Check out this chart.

1:03.2

This is a visualization of the added tax burden

1:06.4

for a middle class, a married couple

1:09.7

with two children under Project 2025's tax plan.

1:12.4

Under the plan, families by that description

1:14.8

that make anywhere between $35,000 a year

1:17.8

and $170,000 a year would all see their taxes go up.

1:24.0

For example, a married couple with two kids making a collective

1:28.0

$80,000 a year would see nearly

1:30.0

$2,000 more in federal taxes a year, as well as the ultra-wealth, wealthy getting that

1:37.3

sweet tax cut.

...

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