GOP/TAXES/TRUMP AS PRESIDENT: “Opponents of the Republican tax proposal moving through Congress are focusing in part on one particular billionaire as they seek to rally Americans against it: President Donald Trump.
In more than $1 million worth of advertising on television, online and even mobile billboards, Mr. Trump is portrayed as a beneficiary even as he has told senators he would be a ‘big loser’ from bills that cut rates on individuals and corporations and end certain tax deductions…
Mr. Trump has never released his tax returns, making it impossible to calculate precisely how much he stands to gain or lose from the House and Senate legislation. He has said his goals in the tax bill were a middle-class tax cut and a low corporate tax rate—and not tax cuts for high-income households.
Tax experts, however, said the president is likely to see lower rates under either proposal…
The House has passed a version of its bill, and the Senate is hoping to pass its own this week. Republican congressional leaders have set a goal of getting a final measure to the president’s desk by the end of the year.”
-Julie Bykowicz, “Opponents of GOP Tax Bill Find a Rich Target in Trump,” The Wall Street Journal online, Nov. 29, 2017 11:12am