Trump To Rich Friends At Mar-a-Lago: ‘You All Just Got a Lot Richer’ After Tax Bill
President Donald Trump told friends at his exclusive Florida resort “You all just got a lot richer,” just hours after signing a sweeping $1.5 trillion tax reform bill that experts said would disproportionately help the wealthiest Americans, a report on Sunday said.
Trump made the announcement during a dinner at Mar-a-Lago on Friday evening, boasting to his fellow one-percenters that the “biggest in history” tax cut he signed earlier in the day would make them even wealthier, CBS reported, citing people sitting near the president’s table who heard the remarks.
“You all just got a lot richer,” Trump said, Friday at a dinner at Mar-a-Lago, two friends at a table near the president told CBS News.
Late last week, Trump signed the sweeping Republican tax bill into law, marking his first major legislative accomplishment since winning the White House.
He spoke at length during the signing, thanking Republicans in Congress for getting the legislation to his desk and predicting it would help the economy.
“It’s going to be a tremendous thing for the American people. It’s going to be fantastic for the economy,” Trump told reporters in the Oval Office.
Trump and congressional Republicans have been pushing tax reform for several months. Trump has pitched the tax-reform plan as a boon to the middle class.
Democrats, however, have criticized the tax overhaul, passed by the GOP-majority Congress without their support, as a giveaway to corporations and the country’s richest, while hurting middle-class and low-income Americans, noting that while the corporate tax cuts are permanent those for individuals expire in 10 years.
According to a report in the New York Times, Trump stands to reap an $11 million windfall because of the tax overhaul.