Activists in Tampa denounce Trump's tax plan as 'giveaway to wealthy' – Florida Politics (blog)
For a scheduled speech in Harrisburg, Pennsylvania, Wednesday evening, President Donald Trump is expected to say that truckers and other middle-income workers stand to benefit significantly from his proposed tax plan.
Hundreds of miles away, however, a group of progressive activists gathered in Tampa earlier the same day to denounce the proposal as currently laid out, calling it a gross giveaway to the wealthy.
“Please note that in 2027 when all aspects of this Republican plan are phased in, four out of every five dollars in proposed tax cuts will flow to the top 1 percent,” said Ione Townsend, chair of the Hillsborough County Democratic Executive Committee.
She called it an “egregious wealth transfer for those who least need it.”
Though Townsend is clearly partisan, the Washington, D.C.-based Tax Policy Center is generally considered to be centrist and/or nonpartisan. That organization estimates the plan would cut taxes for the bottom 95 percent of earners by 1.2 percent, while the top 1 percent would get an 8.6 percent tax cut.
Townsend joined a group of progressive activists gathered at the Hillsborough Classroom Teachers’ Association building in West Tampa to pick apart the proposed tax cut plan, an important agenda item for Trump and congressional Republicans who have yet to score any major achievements this year, despite being in complete control of the federal government since late January.
“Corporate profits are at near record highs. Corporate taxes are at record lows. Major corporations pay little to nothing in taxes due to loopholes,” said Michelle Prieto, a member of the group Mi Familia Vota.
Prieto said if the tax plan under the president goes through, corporations will use their tax savings to “further pad the pockets of CEO’s and rich stockholders.”
“We need a compassionate budget that