Skip to content Skip to footer

Trump Told His Wealthy Mar-a-Lago Pals “You All Just Got a Lot Richer” Thanks to GOP Tax Plan

Trump is bragging about giving his friends a big tax cut.

President Trump talks with journalists after signing tax reform legislation into law in the Oval Office December 22, 2017, in Washington, DC. (Photo: Chip Somodevilla / Getty Images)

In what was described as a rare moment of honesty, President Donald Trump reportedly told his wealthy friends dining at Mar-a-Lago Friday night that “you all just got a lot richer.”

The comments — first reported by CBS News on Sunday — came just hours after Trump signed the $1.5 trillion Republican tax bill into law.

According to two of Trump’s friends who described the Friday-night event to CBS, the president “directed those comments to friends dining nearby at the exclusive club.” Given that the Mar-a-Lago initiation cost is $200,000 and annual dues are $14,000, it’s safe to assume that those “friends” are “some of the most affluent members of society.”

As Common Dreams has reported, Trump has been increasingly open about the central objectives of the GOP tax bill since it passed both houses of Congress. On Friday, Trump bragged that “corporations are literally going wild” about the legislation, comments that came a few days after Trump described the bill’s corporate rate cut as “probably the most important factor.”

Polls have consistently found that Americans did not buy the GOP’s attempt to present their tax bill as a boon for the middle class. A CBS News poll published earlier this month found that 76 percent of Americans believe the Republican tax bill will benefit large corporations, while only 31 percent said they believe it will help the middle class.

Independent analyses have shown this view of the bill to be correct. According to the nonpartisan Tax Policy Center, 80 percent of the bill’s benefits will go to the top one percent by 2027, while millions of middle class Americans will see their taxes rise.

On social media, critics of the president noted that — at least in private — “Trump is finally telling the truth about his tax bill.”

Help Truthout resist the new McCarthyism

The Trump administration is cracking down on political dissent. Under pressure from an array of McCarthy-style tactics, academics, activists and nonprofits face significant threats for speaking out or organizing in resistance.

Truthout is appealing for your support to weather this storm of censorship. We’ve launched a fundraising campaign to find 500 new monthly donors in the next 10 days. Will you be one?

As independent media with no corporate backing or billionaire ownership, Truthout is uniquely able to push back against the right-wing narrative and expose the shocking extent of political repression under the new McCarthyism. We’re committed to doing this work, but we’re also deeply vulnerable to Trump’s attacks.

Your support during our fundraiser will help us continue our nonprofit movement journalism in the face of right-wing authoritarianism. Please make a tax-deductible donation today.