...1. He told you he’d cut your taxes, and that the super-rich like him would pay more. You bought it. But his 2017 tax law has done the opposite. By 2027, according to the nonpartisan Tax Policy Center, the richest 1 percent will have received 83 percent of the tax cut and the richest 0.1 percent, 60 percent of it. But more than half of all Americans — 53 percent — will pay more in taxes. As Trump told his wealthy friends at Mar-a-Lago just days after the tax bill became law, “You all just got a lot richer.”
2. He promised that the average family would see a $4,000 pay raise because of the tax law. You bought it. But real wages for most Americans are lower today than they were before the tax law went into effect.
3. He promised to close special interest loopholes that have been so good for Wall Street investors but unfair to American workers, especially the notorious “carried interest” loophole for private-equity, hedge fund, and real estate partners. You bought it. But the new tax law kept the “carried interest” loophole.
4. He promised to bring an end to Kim Jong-Un’s nuclear program. You bought it. Kim Jong-Un hasn’t denuclearized.
5. He told you he’d repeal Obamacare and replace it with something “beautiful,” including “insurance for everybody.” You bought it. But he didn’t repeal and he didn’t replace. (Just as well: His plan would have knocked at least 24 million Americans off health insurance, including many of you.) Instead, he’s doing what he can to cut it back and replace it with nothing. According to the Commonwealth Fund, about 4 million Americans have lost health insurance in the last two years.
6. He told you he wouldn’t “cut Social Security like every other Republican and I’m not going to cut Medicare or Medicaid.” You bought it. But now he’s planning such cuts in order to deal with the ballooning deficit created, in part, by the new tax law for corporations and the rich.
7. He promised to protect anyone with pre-existing conditions. You bought it. But in June, his Justice Department told a federal court it would no longer defend provisions of Obamacare that protect patients with pre-existing conditions. Attorney General Jeff Sessions said the decision was made with Trump’s approval.