Justin Fox, Columnist

Would Trump Get 'Killed' by the House Tax Bill? Um, No

"It kind of seems like it's specifically designed to help him."

November 9, 2017 at 2:50 PM UTC

Justin Fox is a Bloomberg Opinion columnist covering business, economics and other topics involving charts. A former editorial director of the Harvard Business Review, he is author of “The Myth of the Rational Market.”

"My accountant called me and said 'you're going to get killed in this bill,'" Trump said, implausibly.
Photographer: Drew Angerer/Getty Images

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While chatting with a group of Senate Democrats earlier this week, President Donald Trump said something curious about the House's Tax Cuts and Jobs Act. Here's the NBC News version:

My initial impression when I read this was that the president's accountant did not actually call him and say the legislation would increase his taxes, because it won't. Given what we know about the House version of the tax bill and the president's attitude toward factual accuracy, that's certainly the Occam's-razor explanation.1510200068463