So Trump and others want to continue to punish the “rich,” in other words, the successful businessmen and businesswomen who work hard, put in long hours, create all the jobs, and make the economy work. Yeah, that will grow the economy...NOT!
All this does is play into the hands of the commie democraps.
Reagan lowered the top rate down to 28%, a rate which you benefited from yourself, Mr. President.
Truth is he's very bad news and people would do well to avoid him.
Everyone else must take a back seat to that. Charities. Middle class homeowners in high tax states. Million dollar earners. People who deduct mortgage interest.
All those are being thrown to the wolves, so that the corporate rate gets slashed.
I do agree that doing so will grow the economy, but because they want to "pay for" the decreased tax revenue, they are raising taxes significantly on millions of Americans.
It's the House Republicans. Mainly Paul Ryan and his RINO buddies.
Opting to keep taxing million-dollar-earners at the current 39.6 percent-rate will help stem the deficit increase from tax cuts for corporations and the middle class.
Caveat: The million dollar bracket plans haven't been finalized and could change this week, as committee Republicans finalize their tax bill during meetings on Tuesday and Wednesday.
Potential blowback: If the Committee Republicans ultimately decide not to cut the income tax rate for million-dollar-earners, much of the Republican donor class and Reaganomics community (including anti-tax activist Grover Norquist) will feel betrayed.
https://www.axios.com/million-dollar-bracket-in-the-works-for-gop-tax-plan-2499930587.html
“So Trump and others want to continue to punish the “rich,” in other words, the successful businessmen and businesswomen who work hard, put in long hours, create all the jobs, and make the economy work. Yeah, that will grow the economy...NOT!
All this does is play into the hands of the commie democraps.
Reagan lowered the top rate down to 28%, a rate which you benefited from yourself, Mr. President.”
Yeah. That’s kind of what we’ve got here. Reagan was better at getting people on board his train. Trump is isolated. There are just too many RINOs who don’t like his style or like him. Trump will probably go along with whatever it takes to make some kind of deal and then he will say it is “very, very, very good tax cut plan”. whatever.
At this point given the absurd hostility of the Republican Party towards President Trump I will be happy to see any tax cut plan get implemented.
Folks, the corporate tax rates will likely plummet downward.
If so, this is a solid halfway point to a better future.
Yup. A lot of businesses file via their personal income tax returns - we do. We are nowhere near the million dollar mark, but I’m sure many successful ones are.
The vast majority of the rich are not rich because of their hard work but because they have wealth which is inherited. In other words they did not earn it through incomes.
.
>> “So Trump and others want to continue to punish the “rich,” in other words, the successful businessmen and businesswomen who work hard, put in long hours, create all the jobs, and make the economy work.” <<
In a nut shell....
.