Albert R. Hunt, Columnist

Trump Tax Plan Is a Trail of Broken Promises

Enriching the rich, including the occupant of the White House.

April 26, 2017 at 9:39 PM UTC

Albert R. Hunt is a former Bloomberg Opinion columnist. He was the executive editor of Bloomberg News, before which he was a reporter, bureau chief and executive Washington editor at the Wall Street Journal.

Yes, we will get even richer.
Photographer; Mandel Ngan/AFP/Getty Images

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The tax plan outlined by the Trump administration was an opening bid, but a slipshod and deceptive one that won't much resemble anything that might be enacted.

Top officials pitched the plan, missing important specifics, as aimed at helping the middle class and creating lots more jobs, accomplished by slashing corporate taxes. It would simplify the code, collapsing seven brackets into three, and doubling the standard deduction mainly helping middle-income taxpayers. It would add trillions -- as much as $7 trillion -- to the deficit.