Steve Benen is a producer for 'The Rachel Maddow Show,' the editor of MaddowBlog and an MSNBC political contributor. He's also the bestselling author of 'The Impostors: How Republicans Quit Governing and Seized American Politics.'
Donald Trump hasn’t unveiled the details of his tax plan, but as Bloomberg News reported over the weekend, the former president is starting to let the public know about his intentions — and who’d benefit from his plans. At a rally in New Jersey, the presumptive Republican nominee boasted about an apparent across-the-board tax cut, which would include “big” new tax breaks for the “upper class” and the “business class.
In fact, if recent history is any guide, the former president and his allies would simply put the cost of the tax cuts on the national credit card, without regard for the budget deficits that his party occasionally pretends to care about. Wouldn’t this make inflation worse? Probably, though Republicans don’t much appear to care about that, either. But as Trump makes this an explicit part of his 2024 pitch, it’s especially important to appreciate the politics surrounding the larger conversation.
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