President Trump held a big signing ceremony Thursday for his executive order to undermine ObamaCare, but he forgot one small thing, Stephen Colbert showed on The Late Show. "That is troubling — at the signing he forgot to do the signing. But on the plus side, let's hope he forgets the launch codes." The rest of his monologue was dedicated to Trump's pitch for his tax plan on Wednesday night, in front of a group of truckers in Pennsylvania.
Trump summarized his tax plan with two words, "huge, rocket," which left Colbert confused. But Trump clarified a bit, explaining that some business taxes will be at an 80-year low when he's done. "Yes, bottom line: He's taking our tax plan back more than 80 years, to the 1930s, the era that will forever be known as the Great Happiness," Colbert said. "And the president came down hard on the tax that truckers hate the most: the one that only applies to dying millionaires," the estate tax. Out of about 186,000 working trucking companies, roughly 30 would be helped by repealing the estate tax — which applies to individuals worth $5.5 million or couples worth $11 million — he said. "So who are these elite truckers?" Well, he found one:
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
The mental health crisis affecting vetsUnder The Radar Death of Hampshire vet highlights mental health issues plaguing the industry
-
The Onion is having a very ironic laugh with InfowarsThe Explainer The satirical newspaper is purchasing the controversial website out of bankruptcy
-
'Rahmbo, back from Japan, will be looking for a job? Really?'Instant Opinion Opinion, comment and editorials of the day
-
Boeing machinists approve contract, end strikeSpeed Read The company's largest union approved the new contract offer, ending a seven-week strike
-
US economy still strong in final preelection reportSpeed Read It grew at a solid 2.8% annual rate from July through September
-
Boeing machinists reject deal, continue strikeSpeed Read The rejection came the same day Boeing reported a $6.2 billion quarterly loss
-
Ports reopen after dockworkers halt strikeSpeed Read The 36 ports that closed this week, from Maine to Texas, will start reopening today
-
Empty-nest boomers aren't selling their big homesSpeed Read Most Americans 60 and older do not intend to move, according to a recent survey
-
Brazil accuses Musk of 'disinformation campaign'Speed Read A Brazilian Supreme Court judge has opened an inquiry into Elon Musk and X
-
Disney board fends off Peltz infiltration bidSpeed Read Disney CEO Bob Iger has defeated activist investor Nelson Peltz in a contentious proxy battle
-
Disney and DeSantis reach detenteSpeed Read The Florida governor and Disney settle a yearslong litigation over control of the tourism district
