Stephen Colbert wonders which 'elite truckers' are stoked by Trump's millionaires-only tax cuts


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:
Colbert also subbed himself in for Sean Hannity in Hannity's pre-rally interview of Trump. You can watch that below. Peter Weber
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.
-
New York court tosses Trump's $500M fraud fine
Speed Read A divided appeals court threw out a hefty penalty against President Trump for fraudulently inflating his wealth
-
Trump said to seek government stake in Intel
Speed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
-
US to take 15% cut of AI chip sales to China
Speed Read Nvidia and AMD will pay the Trump administration 15% of their revenue from selling artificial intelligence chips to China
-
NFL gets ESPN stake in deal with Disney
Speed Read The deal gives the NFL a 10% stake in Disney's ESPN sports empire and gives ESPN ownership of NFL Network
-
Samsung to make Tesla chips in $16.5B deal
Speed Read Tesla has signed a deal to get its next-generation chips from Samsung
-
FCC greenlights $8B Paramount-Skydance merger
Speed Read The Federal Communications Commission will allow Paramount to merge with the Hollywood studio Skydance
-
Tesla reports plummeting profits
Speed Read The company may soon face more problems with the expiration of federal electric vehicle tax credits
-
Dollar faces historic slump as stocks hit new high
Speed Read While stocks have recovered post-Trump tariffs, the dollar has weakened more than 10% this year