The Koch Brothers will be more than prepared for the upcoming debate over tax reform, attending with a grassroots army determined to lower corporate taxes.
Their plan to take advantage of President Trump’s pledge to reform the tax code will be their focus, as Trump has called to cut the corporate tax rate by as much as 50%. Trump also calls for eliminating the estate tax for those who have inherited wealth. Both of these moves would greatly help the billionaire Koch Brothers.
Don’t fall for Trump’s corporate tax cuts. Here are seven reasons why his plan makes no sense: pic.twitter.com/Ai8sCrvGkc
— Robert Reich (@RBReich) June 4, 2017
“Comprehensive tax reform has been a long-standing priority for our network, and the election of Donald Trump, coupled with pro-freedom majorities in the House and Senate, offers us a once-in-a-generation opportunity to restore prosperity by enacting reforms,” a recent document discussing Koch’s strategy stated.
This document set out a five-phase plan for helping to pass these Koch-favoring tax reforms.
— Public Citizen (@Public_Citizen) July 28, 2017
Although the Koch Bros. did not support a Trump candidacy, and although they oppose Trump’s travel bans and free-trade policies, they are all in favor of his tax reforms and his calls for dismantling many federal regulations.