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REALITY CHECK: Donald Trump not paying his taxes = money from America’s schools into his own wallet


WASHINGTON - October 19, 2016 -

“My goal every day is to positively shape the kids in my classroom, not always an easy feat given limited resources. I was appalled when Donald Trump proudly admitted he avoided paying taxes. Why is he so proud of using a billionaire’s loophole to take money away from America’s classrooms? It’s unpatriotic, and Trump’s benefit-the-rich tax plan would make it even worse. What I love about Hillary is she understands the resources we need to ensure our education system works for everyone, regardless of race, gender, or ZIP code. America can’t do that when billionaires like Trump decide to opt out.” Doug Martin, High School Educator, La Mars, IA

THE FACTS:

  • Donald Trump’s benefit-the-rich tax plan “would cut taxes at all income levels, although the largest benefits, in dollar and percentage terms, would go to the highest-income households.” And Trump’s tax plan wouldn’t even accomplish his stated goal. “Unless it is accompanied by very large spending cuts, it could increase the national debt by nearly 80 percent of gross domestic product by 2036, offsetting some or all of the incentive effects of the tax cuts.”
    http://www.taxpolicycenter.org/publications/analysis-donald-trumps-tax-plan/full
  • Donald Trump openly admitted in the second presidential debate to using a nearly $1 billion business loss in 1995 to avoid paying federal income taxes for the next two decades. “Of course I do, of course I do,” he said. Why would Trump take money away from schools to pad his own pockets? “That’s because I’m smart,” he has said.
    http://fortune.com/2016/10/09/presidential-debate-donald-trump-taxes
  • Hillary Clinton was stunned by Trump’s tax avoidance. “It’s outrageous that multi-millionaires and billionaires are allowed to play by a different set of rules than hardworking families, especially when it comes to paying their fair share of taxes,” Hillary said. Instead of providing loopholes to the Trump’s of the world, Hillary’s tax plan will provide tax relief to working families to provide relief from rising costs of things like child care, health care and college.
    https://www.hillaryclinton.com/issues/a-fair-tax-system/
  • “Donald Trump’s tax plan would add to debt and Hillary Clinton’s wouldn’t, study finds.” An independent analysis found Trump would cut taxes for the rich and add trillions to the federal debt while Hillary’s plan would do the exact opposite.
    http://www.nytimes.com/2016/10/12/us/politics/donald-trump-taxes-hillary-clinton.html

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The National Education Association is the nation’s largest professional employee organization, representing nearly 3 million elementary and secondary teachers, higher education faculty, education support professionals, school administrators, retired educators and students preparing to become teachers. Learn more at www.nea.org.

CONTACT: Richard Allen Smith, NEA Communications  202-716-6461 cell, rasmith@nea.org