For Cost of Estate Tax Repeal, GOP Could Buy Everyone a Pony

Over the weekend, Treasury Secretary Steven Mnuchin admitted the GOP proposal to repeal the Estate Tax would ‘disproportionately help rich people.'

Here's what that would look like:

CAP: For the Cost of Repealing the Estate Tax, Congress Could Buy Everyone in America a Pony:

"President Donald Trump and Republican leaders in Congress put together a wish list of tax cuts for the wealthy that are far more extravagant than ponies. It turns out for the cost of just one of these tax cuts—repealing the tax on wealthy estates—we could literally buy every single American a pony."

Or maybe a unicorn?

Edward Kleinbard, former chief of staff to the Congress' nonpartisan Joint Committee on Taxation:

"Absolute pie in the sky. They might just as well promise a unicorn in every pot."

Nothing about Republicans' tax framework is tax reform.  It's just an unrealistic plan to give rich people a massive tax break while hurting middle class families.

The American people want tax reform that puts the middle class first, not more deficit-exploding tax cuts for billionaires.  That's why Democrats are committed to giving hard-working Americans real tax reform that creates jobs and economic growth, while promising not one penny in tax cuts for the wealthiest one percent.