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

Stephen Colbert talks to a millionaire trucker
(Image credit: Screenshot/YouTube/Late Show With Stephen Colbert)

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.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

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
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us
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.