In a speech meant to promote the new GOP tax plan, President Trump clarified that he is, in fact, middle class. In his speech in St. Charles, Missouri, Trump claimed the tax plan, which will gouge the middle class while pouring money back into the pockets of the wealthy, would hurt his tax bracket.

Trump stunned his audience by announcing that the plan “is going to cost me a fortune, believe me… This is not good for me.” The admission sent shockwaves through the country as his aides scrambled to explain his statement.

“What he meant to say was that the tax plan won’t be good for anyone,” Press Secretary Sarah Huckabee Sanders said afterwards, “Which includes both poor and rich people like president Trump.”

Many in the business world have estimated Trump’s net worth was well below what he had previously stated, but few believed he was as hard off as his statement purports.

“Everyone knows from his lifetime of disastrous business dealings that he isn’t actually a billionaire,” Forbes editor Daniel Robertson offered, “but we all assumed he still had at least a couple million lying around in a trust fund.”