Stephen Colbert slyly notes that Trump is probably right he won't benefit from his tax plan

Stephen Colbert talks Trump and taxes
(Image credit: Screenshot/YouTube/Late Show With Stephen Colbert)

Wednesday was a big day for President Trump, Stephen Colbert said on The Late Show. "In an attempt to get everybody to forget about his recent big failures, he unveiled his next big failure, tax reform." The tax plan cuts rates for the rich and for corporations, but Colbert said Trump had a point when he claimed it wouldn't benefit him, slipping into Trump voice: "It's not good for me. I mean, it's about taxes — I never pay those. Nothing to do with me."

Trump could use a win, because he got spanked in Alabama's GOP Senate primary on Tuesday, with his candidate, Sen. Luther Strange, losing to Stephen Bannon's candidate, Roy Moore. Trump was "embarrassed and pissed," according to aides, but Colbert had some unkind words of not-quite consolation: "Mr. President, don't be ashamed that your candidate turned out to be a loser — your supporters seem to deal with it pretty well." He ran through some of Moore's views on homosexuality and race. "Moore seems like a troglodyte, but he has the soul of a poet," Colbert said, and he read a Moore-penned poem he found so inspiring he fact-checked it.

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Peter Weber, The Week US

Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.