Trump Is Making America 'Ungovernable,' Fox Business Host Suggests in Tax Bill Takedown

Fox Business host Trish Regan wonders if President Donald Trump is making the country "ungovernable" by neglecting his campaign promises on taxes. Photo by Mark Wilson/Getty Images)

Fox Business host Trish Regan took aim at the Republican tax plan on Monday, saying it was wrong for private equity investors to have a lower tax bracket than New York City police officers. Regan suggested that President Donald Trump was making the country "ungovernable" by adding to the swamp he promised to drain.

"I'm beginning to wonder if our country is becoming ungovernable, because I'll tell you one thing, our Founding Fathers never ever anticipated a swamp like the one we have today," Regan said on the air Monday, according to The Hill.

She also blasted the GOP representatives and senators for not addressing the carried interest deduction. That loophole benefits Wall Street private equity investors and hedge funds by allowing them to pay lower taxes on money deemed necessary for future investments. "So those private equity fat cats get away with paying investment taxes instead of income taxes, and that is just wrong!" Regan said.

The GOP tax bill, which will be Trump's most notable accomplishment during his first year in office, has been widely criticized for benefiting the wealthy and not helping the low-income and middle-class workers that put him in office.

The host then took to Twitter, telling followers, "How is it fair that a private equity investor has a LOWER tax bracket than a NYC Cop?! This is just WRONG! Wasn't the President supposed to CLOSE these special interest loopholes? Seems like our country is becoming ungovernable."

At a Detroit campaign rally in 2016, then presidential candidate Trump promised to eliminate the loopholes that add to the wealth of the already wealthy.

"The rich will pay their fair share, but no one will pay so much that it destroys jobs, or undermines our ability as a nation to compete," Trump said. "As part of this reform, we will eliminate the carried interest deduction and other special interest loopholes that have been so good for Wall Street investors, and for people like me, but unfair to American workers."

"The president remains committed to ending the carried interest deduction," Trump's chief economic adviser and director of the National Economic Council, Gary Cohn reassured CNBC viewers in September.

However, the GOP tax bill's provisions did not address that loophole before it headed to a House vote on Tuesday afternoon.

Regan's anger was echoed by ultra-conservative commentator and author Ann Coulter over the weekend. She tweeted, "I want to know: Who pushed for preserving the carried interest loophole for hedge fund managers?"

Trump Is Making America 'Ungovernable,' Fox Business Host Suggests in Tax Bill Takedown | U.S.