Simu Liu, the actor celebrated for his role in Shang-Chi and the Legend of the Ten Rings, is taking a bold stance against President Donald Trump’s proposed tax policy. In a video shared on social media, Liu pledged to donate any savings he would receive under the new tax plan, stating, “I don’t need a tax cut.”
Although Liu is a Canadian citizen, he resides in the United States and pays taxes there. His frustration with policies that disproportionately benefit the wealthy was evident as he criticized the plan for its lack of fairness. “I actually think people like me should probably pay more tax,” Liu remarked, calling for greater economic balance.
The proposed plan builds on Trump’s controversial 2017 Tax Cuts and Jobs Act (TCJA), which slashed the corporate tax rate from 35% to 21%. Critics argue that the legislation primarily benefited corporations and the wealthiest Americans while offering minimal relief to middle- and lower-income households.
Trump Tax Policy Under Fire
Liu questioned why many Americans, whose taxes could rise under the proposal, continue to support it. “The cost of living will go up, and their income will go down,” he said, calling the disconnect “baffling.” Economists have supported Liu’s concerns, highlighting that extending TCJA provisions would exacerbate income inequality.
Research cited by Rolling Stone revealed that while corporations and top earners saw significant benefits from the 2017 tax cuts, average Americans gained little. According to the Center on Budget and Policy Priorities, households in the top 1% received an average tax cut of over $60,000 annually, while those in the bottom 60% received less than $500.
A Call for Fairness
Liu’s comments go beyond taxes, advocating for a system that prioritizes fairness. “People like me, who have been fortunate, should contribute more to help those who haven’t,” he stated. His remarks reflect a broader debate about income inequality and the role of tax policy in addressing social and economic disparities.
The actor’s criticism aligns with reports that Trump’s tax policies have reduced federal revenues, limiting investments in essential programs like infrastructure and education. Moreover, promised economic benefits from corporate tax cuts have largely failed to materialize, with gains concentrated among executives rather than workers.
As Trump begins his second term, debates surrounding the long-term impact of his tax policies are expected to continue. Liu’s stand has sparked conversations about the need for a more equitable system that ensures benefits reach all Americans, not just the wealthiest.
Jaja has a degree in journalism and took classes in international law and business communication. Her career spans roles at prominent international media outlets, including International Business Times, Celebeat and Delightful Philippines. As a news editor, Jaja covered a wide range of beats, including legal, business, economy, cryptocurrency, personal finance, gaming, technology, and entertainment.