“The farmers in particular are affected,’’ Trump said on Sept. 27. “They have wonderful farms, but they can’t pay the tax, so they have to sell the farm.”
Trump’s lack of focus and the lack of details on the plan’s benefits for the middle class will make it harder for Republicans to succeed in overhauling the tax code this year, said Stockman, Reagan’s budget director. He predicted the plan will fail.
“There’s not going to be a tax bill. That’s just the reality of the measure,” he said.
This article was provided by Bloomberg News.