Steve Bannon demands higher taxes on the rich: 'You're being scammed'

"This is absurd. This is a scam. You're being scammed, just like you were being scammed on free trade," Bannon told his listeners.

He pointed to the rising deficit and argued that there are limited options to address the situation, saying that the U.S. can either cut spending, sell more bonds to foreign countries or raise taxes on the wealthy. He warned that Americans' grandchildren will have to pay the cost if difficult decisions aren't made now.

"Please don't sit there and tell me, 'No, I don't want to raise taxes.' Then stop the spending or just turn to your grandchildren and say, 'I'm condemning you,'" he said. Notably, Trump's signature legislative achievement was the 2017 Tax Cuts and Jobs Act, which largely benefited corporations and the wealthiest Americans. The Congressional Budget Office has estimated that these tax cuts will significantly reduce revenues and raise the deficit by $1 trillion to $2 trillion in the decade after their passage.reached out to Trump's office for comment on Bannon's remarks but did not immediately receive a response.

It's always been that way and will not change!!

Seriously this coming from him. It must be a joke.

If your a asset capitalist, then giving tax away is not why the rich are Capitalists .. We have to remember we are double or treble taxxed. Tax on Salary is one thing , but VAT and Council Tax is 3 things.

He always looks like he just rolled out of bed.

Steve Bannon looks like a puffer fish that got too much sun.

...it's not his money.

Broken clock.

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