DAY 226: Trump wants your pension plan to pay for a tax cut for the rich

According to Politico, Donald Trump's finance team, which is basically people from Goldman Sachs, came up with the idea of taxing the middle class's 401(k) pension plans in order to pay for a tax cut for the rich. From the Politico article:

One idea quietly being discussed would be taxing the money that workers place into their 401(k) savings plans up front: an idea that would raise billions of dollars in the short-term and is pulled from the Camp plan. This policy idea is widely disliked by budget hawks, who consider it a gimmick; the financial services industry that handles retirement savings; and nonprofits that try to encourage Americans to save.

That tax for the middle class would allow Trump to lower taxes to the super rich to 25%, instead of the 39% they currently pay.

So with Trump YOU pay more taxes and get less money for retirement while the super rich make a lot more money.

Guess who would get a huge tax cut if that were to happen? You guess it: Donald Trump and his cronies in the federal government. And YOU would pay for it out of your retirement money.