Ask Trump, and everything is getting along just fine in the United States under his leadership. Sure, millions of people are in danger of losing their health care and seeing the ease with which they’re able to live out their lives plummet dramatically, but everyone is talking about Trump, so things must be getting along okay, right?
Wrong, even though that’s how the president seems to think.
On Saturday, the president tweeted a message in honor of “Small Business Saturday.” His message includes a collection of graphics highlighting “Small Business Saturday.”
Check out some of the graphics below.
The national GOP is currently working furiously on trying to get a tax reform plan passed, being pushed along in their endeavors by the failure of their earlier efforts to get the Affordable Care Act repealed.
It’s not as though repealing the ACA would be a good thing for the millions of Americans whose interests the national GOP is supposed to be protecting, but Republicans pressed on anyway.
To be sure, if the ACA was repealed, there would no doubt be a number of small business owners whose livelihoods would be threatened by them having to spend more on their health care.
Although the GOP’s efforts to repeal the ACA as a whole failed, the Senate Finance Committee passed a version of a tax reform bill that includes a repeal of the ACA’s “individual mandate,” which makes it the law for virtually every American to have health coverage. That mandate getting repealed would be bad news for the stability of the ACA market, and it would likely make the position of numerous U.S. small business owners that much more precarious.
But hey, happy Small Business Saturday, right?
The House did not include a repeal of the ACA’s individual mandate in their version of the bill, and the White House has expressed an openness to leaving the mandate out of the final version of the tax bill, so it’s not a given that the mandate will actually be repealed.
However, that does not mean that the White House is a friend of U.S. small business owners after all.
The president has touted his tax plan as including cuts that will benefit tens of millions of small business owners, but the cuts aren’t actually poised to do that. The cut Trump has proposed on income that is “passed through” from non-C Corporation small business accounts to the business owners would only benefit the top bracket of small business owners.
As FactCheck.Org reports:
‘According to the SBA, most of the self-employed don’t earn anywhere near the $418,400 and more needed to get a 40 percent tax rate cut. The SBA says that the median income for the self-employed at incorporated businesses was $49,204 in 2014. For those at unincorporated firms, the median income was $22,209.’
So, all in all, Trump’s latest tweet is shallow at best, as most of his other ones are. He is not the champion of the middle class, or of small business owners, and his past claims of cutting taxes for small business owners only applies to those in the top tax bracket.
Check out Twitter’s response below.
Featured Image via NICHOLAS KAMM/AFP/Getty Images