You missed out these bits claig:
Yet a close look at his proposal — which still lacks many basic details — suggests that similar to the Bush plan, the majority of the benefits would flow to the wealthy. In some ways, it could be even more generous.
The biggest benefit for the top 1 percent would be the proposed reduction of the highest income-tax rate, which Trump said he would cut from 39.6 percent to 25 percent.
Trump would also cut the tax rate for long-term capital gains — which flow mainly to the wealthy — to 20 percent, from the current 23.8 percent.
Trump said he would eliminate deductions and "loopholes" except for charity.
Eliminate the alternative minimum tax and the estate tax, which Trump calls "double taxation." He said the latter tax forces many families "to go through hell," even though the current exemption is $5.43 million for individuals and nearly $11 million for couples. Therefore, it only applies to the wealthiest 0.12 percent of estates.
The top 1 percent of earners would reap the largest financial benefits from Bush's plan. While the middle 40 to 50 percent of taxpayers would see their after-tax incomes grow by 12.5 percent under that plan, the top 1 percent would see their incomes grow by 16.4 percent — the highest of any group, according to the Tax Foundation. Since Trump's plan calls for an even lower top tax rate on the wealthy, it could even better for those at the top.
I'm surmising that many of the Hedge Fund Billionaires fall into to the category of the wealthiest.
Corbyn and McDonell following a similar plan in the UK, best laugh I've had in ages.