President Trump reportedly told wealthy friends at his Mar-a-Lago resort that they all “just got a lot richer” just hours after he signed the sweeping Republican tax bill into law, a bill which Trump and congressional Republicans have argued will help middle-class families, reports CBS News.
“You all just got a lot richer,” Trump said Friday at a dinner attended by guests that would have paid a $200,000 initiation fee and $14,000 in annual dues to his exclusive golf club and resort.
Late last week, Trump told White House reporters that the tax bill would be “one of the great Christmas gifts to middle-income people” and predicted that it would help the economy.
“It’s going to be a tremendous thing for the American people. It’s going to be fantastic for the economy,” Trump said.
Will be signing the biggest ever Tax Cut and Reform Bill in 30 minutes in Oval Office. Will also be signing a much needed 4 billion dollar missile defense bill.
— Donald J. Trump (@realDonaldTrump) December 22, 2017
“It’s going to keep companies from leaving our shores and opening up in other countries.”
Critics of the $1.5 trillion tax overhaul have argued that the largest benefits will go to wealthy Americans like the president and his rich friends, even though the top 1 percent already holds about 40 percent of American wealth.
Last month, Trump claimed that the tax bill was “going to cost me a fortune, this thing — believe me. Believe me, this is not good for me.”