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


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.
The loss in Alabama isn't Trump's only worry, Colbert said, reading from a New York Times report that Trump left his Strange rally last Friday griping about the crowd size and second-guessing his decision to wear a pink tie in Alabama. After imagining Trump deciding that his pink tie was the root of his many problems, Colbert marveled at Trump's insistence that Republicans have the 50 votes they need to pass the health-care bill they've dropped due to a lack of 50 votes, but they can't hold the vote now, because there's a senator in the hospital. "There is nobody in the hospital — we checked," Colbert said. Peter Weber
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.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
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.
-
May 31 editorial cartoons
Cartoons Saturday's political cartoons include how much to pay for a pardon, medical advice from a brain worm, and a simple solution to the national debt.
-
5 costly cartoons about the national debt
Cartoons Political cartoonists take on the USA's financial hole, rare bipartisan agreement, and Donald Trump and Mike Johnson.
-
Green goddess salad recipe
The Week Recommends Avocado can be the creamy star of the show in this fresh, sharp salad
-
Crypto firm Coinbase hacked, faces SEC scrutiny
Speed Read The Securities and Exchange Commission has also been investigating whether Coinbase misstated its user numbers in past disclosures
-
Starbucks baristas strike over dress code
speed read The new uniform 'puts the burden on baristas' to buy new clothes, said a Starbucks Workers United union delegate
-
Warren Buffet announces surprise retirement
speed read At the annual meeting of Berkshire Hathaway, the billionaire investor named Vice Chairman Greg Abel his replacement
-
Trump calls Amazon's Bezos over tariff display
Speed Read The president was not happy with reports that Amazon would list the added cost from tariffs alongside product prices
-
Markets notch worst quarter in years as new tariffs loom
Speed Read The S&P 500 is on track for its worst month since 2022 as investors brace for Trump's tariffs
-
Tesla Cybertrucks recalled over dislodging panels
Speed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off
-
Crafting emporium Joann is going out of business
Speed Read The 82-year-old fabric and crafts store will be closing all 800 of its stores
-
Trump's China tariffs start after Canada, Mexico pauses
Speed Read The president paused his tariffs on America's closest neighbors after speaking to their leaders, but his import tax on Chinese goods has taken effect