No NO NO — Smaller government and let everybody pay for less regulation in their lives!
Plank #2 of the Communist Manifesto calls for a heavy progressive or graduated income tax.
I don’t want to tax anyone more.
I don’t want to give the damned government anymore money.
Unless its for a border wall and agents and weapons to patrol it.
Bow before your new king, same as your old king.
Reducing debt by making rich pay more
is very conservative fiscal policy.
Middle class is under stress and can use tax reduction.
Ultra Rich (incomes over million dollars per year) can pay a bit more without much pain.
However spending cuts must be part of that package.
Tax increases without spending cuts is bad policy.
Trump is a moron on the economic effects of tax policy. Furthermore, it is immoral, whether the thief is an individual or the government, to steal 50% or more of a free person’s property.
You can’t raise taxes on job creators and entrepreneurs and expect to produce economic growth and grow our GDP. Geez.
According to his tax plan he wants to tax the rich less and tax the middle class more.
— He wants to lower corporate taxes.
I believe he wants to eliminate corporate income taxes, along with capital gains taxes and inheritance taxes.
— He wants to cut government spending and stop raising the debt ceiling.
He wants to increase spending on the military and veterans, and keep social security and Medicare the way they are. In fact I can't think of any spending he's actually suggested cutting.
So tax small business and cut corporate? Sounds straight out of the Chamber of Commerce.
Oh yeah, Trump’s plan sounds just like Reaganomics, NOT!
Reagan’s Speech 1981 (The Standard)
https://www.youtube.com/watch?v=A8cF2S4QO_w
I don’t envision the Donald ever giving a speech in content or quality such as this, but I sure as heck could see Ted Cruz give one.
Time to wake up on the Trump charlatan.
The middle class is where the money is. There aren’t enough super rich to tax for all our current entitlements - period.
And whenever someone tells you they’re going to increase taxes on the wealthy it always, without fail, hits the middle class.
So in short. No thank you.
Shrink government and lower taxes.
When the federal government is building a $100,000 outhouse in Alaska during a sequester, the question of not having enough money is not the problem. The hideous waste and overlapping programs, along with unnecessary Departments with their huge bureaucracies, ARE the problems.
I think I’d rather like to hear him say “cut the spending, cut the waste.. and stop giving tax dollars to our enemies”. There is enough revenue taken in.. just know where it goes!
Trump advocates for socialist policies. This is just one more example from the ultimate RINO socialist.
How could he not aware of the current results of not extending the Bush tax cuts for the rich?
No economic expansion for 7 years and he hasn’t noticed?
Study the issue then come back and talk policy.
Hillary and Bernie want to tax the rich more and the middle class less.
Trump, you’re in the wrong party.
Wait, even more fundamental, he thinks he’s going to raise taxes and get more revenue?
We don’t need more peddlers of jealousy—that’s what Democrats do.
Not sure who Gant Daily is, or why you’ve excerpted - a blog maybe? But here’s the article he/they might’ve *borrowed* from, for this piece......
Donald Trump: Tax the rich more
Donald Trump is finally showing us more of his economic plan beyond the “Make America Great Again” slogan on his red hat.
America has now learned:
— He wants to tax the rich more and the middle class less.
— He wants to lower corporate taxes.
— He wants to cut government spending and stop raising the debt ceiling.
“The hedge fund people make a lot of money and they pay very little tax,” Trump said in an interview Wednesday with Bloomberg. “I want to lower taxes for the middle class.”
In short, Trump is willing to raise taxes on himself and those like him.
Many hedge fund managers and real estate investors are able to list their earnings as “carried interest” because of an IRS tax rule. They are able to cast their earnings as investment gains instead of income, which allows them to be taxed at a lower rate.
“You’ve seen my statements. I do very well. I don’t mind paying a little more in taxes. The middle class is getting clobbered in this country,” he said.
Related: Donald Trump trounces GOP field
Eliminate “inheritance” tax or worry about inequality
Trump has been all over the place on taxes over the years. He criticized President Obama for not wanting to keep the Bush tax cuts in place on the wealthiest Americans. He has also proposed eliminating the so-called “estate tax” on people that inherit money, gifts and property from their parents. Both moves would be a major gain for the rich.
Now Trump is starting to sound more populist.
“The middle class built this country, not the hedge fund guys,” he said Wednesday.
“One of the reasons he is winning votes is he’s talking about the macro issues that so frustrate many Americans and seem so blatantly unfair,” says Peter Morici, a professor of economics at University of Maryland’s Robert Smith school of business.
Lower corporate taxes and bring $2.5 trillion home
Trump also wants to even the playing field on taxes that businesses pay. He believes that lowering the corporate tax rate will stop American companies from trying to move their headquarters — and possibly jobs — overseas in an effort to dodge taxes in the U.S.
Many U.S. companies such as Apple (AAPL, Tech30) have huge cash reserves that they could spend on growing their businesses, but that money is mostly held overseas to avoid U.S. taxes. Trump estimates as much as $2.5 trillion could return to America if taxes were lower.
“This is money that could be spent in this country,” he said. “We have companies with thousands of jobs that re leaving this country.”
http://money.cnn.com/2015/08/27/news/economy/donald-trump-economy-tax-plan/index.html
Be sure and read this part, regarding the taxes on the rich...
.....hedge fund managers and real estate investors are able to list their earnings as “carried interest” because of an IRS tax rule. They are able to cast their earnings as investment gains instead of income, which allows them to be taxed at a lower rate.
“You’ve seen my statements. I do very well. I don’t mind paying a little more in taxes. The middle class is getting clobbered in this country,” he said.
He seems to not grasp the fact that many of the richest Americans are wealthy precisely BECAUSE of government. Especially on Wall Street.
How about simply exposing the rich and connected to the free-market instead?
He has said that he would have a ‘postcard’ tax form, and the taxes would START with anyone making $30,001.00, and ZERO taxes below that!