The Latest: Trump Claims Tax Plan Will Cost Him ‘A Fortune’

ST. CHARLES, Mo. (AP) — President Donald Trump claims the Republican tax plan is going to cost him “a fortune.”

Trump is speaking at an event promoting the legislation in St. Charles, Mo. He is providing no evidence to support his claim, insisting, “Believe me.”

Trump has repeatedly declined to release his tax returns — something every other modern president has done.

Trump is trying to rebut independent analyses showing that many wealthy individuals would receive a tax break under the proposal, saying his rich associates have called him to complain about the plan.

Responding to Democratic charges that the bill would mostly benefit the rich, Trump says, “If it is, my friends don’t know about it.”

Congressman Sam Graves was with President Trump at the event.

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