Inderjeet Parmar of City University London and The Trump Project spoke with CNN International on Saturday about the significance of the tax change bill pushed through last week by Republicans and signed by Donald Trump.

This is a continuation of the breaking of numerous promises. Trump did promise tax reform but he also said to the people during the election campaign, especially blue-collar workers and middle-class workers, that he was going to increase taxes on the rich and he was going to decrease taxes for them.

This is a major act of class warfare, transferring a massive amount of income to the richest in society.