Trump and Republicans talk about a simpler, more fair tax code, but their real intention has always been to fluff the fortunes of the 21 Club set.
A week after his stomach-tossing win in the 2016 presidential election, Donald Trump ditched his press pool to grab dinner at New York’s 21 Club, where “gentlemen must wear jackets” and filet mignon goes for $59 a pop. The voice of the “forgotten man” was greeted by a standing ovation by the well-coiffed and even more well-fed diners.
“We’ll get your taxes down, don’t worry,” Trump assured one guest.
“Thank you,” the guest replied.
More recently, in an effort to either confuse everyone or win over Democratic votes, the president argued that he isn’t eager to add to the obesity of America’s fattest cats. “The wealthy will be pretty much where they are,” Trump said during a White House briefing. “If we can do that, we’d like it. If they have to go higher, they’ll go higher.”
The suspense is killing us, but Trump is traveling to Indiana on Wednesday to end it. Spoiler: He plans to keep his promise to the 21 Club diners.
As Treasury Secretary Steven Mnuchin said Sunday on CNN of his own onetime remark that the rich would not benefit from a net cut: “It was never a promise. It was never a pledge.”
That promise to cut taxes for those who can afford a cut of meat that costs nearly as much as a poor kid’s food stamps for two weeks might have been the most essential pledge of Trump’s presidency. The stock market has been booming since the morning after his victory, a fact Trump trumpets semi-regularly. Some of that rise is indubitably tied to his vow to alleviate the tax burden on the rich and their corporations, which, as the president has pointed out, are already enjoying record profits.
Fred Trump’s son has a long history of taking credit for things he inherited, but his new pride in the Obama economy — which he often derided as “fake” and a “big bubble” before he could take credit for it — reveals how little a case there is for the giant tax breaks likely to become law in the next few…