Donald Trump, Supply-Sider? (Larry Kudlow)

RCP ^ | Larry Kudlow

[RoosterRedux]

Is Donald Trump a supply-sider? In his still young presidential campaign, he has said several times that he wants to be the “jobs president.” In his announcement speech, he put it this way: “I will be the greatest jobs president that God ever created.”

But those are generalities, and Trump has been short on specifics. In particular, he has said very little, if anything, about his tax policy. But a couple of recent articles on Trump and taxes have caught my eye. Heather Long at CNN Money and Tony Nitti at Forbes have done some digging. And much of what they write is confirmed by specific past Trump tax statements listed at OnTheIssues.org.

Their findings? Like so many things in the Trump story, the Trump tax policy is a mixed bag. But there’s a nice dose of supply-side in that mix.

In a Wall Street Journal op-ed back in May 1999, Trump praised Ronald Reagan’s tax-rate cuts. He also trashed then-Senator Bill Bradley’s elimination of the real-estate investment-tax shelter known as the “passive loss” deduction. I think Trump’s basic point was that ending that deduction overnight without any transitional grandfathering was a giant mistake that sent commercial real estate and the savings-and-loans that financed them into a deep tailspin. I agree with this. Getting rid of the deductions was a good idea, but doing it so fast led to the banking and real-estate crash of the late 1980s.

Trump also attacked Bradley for putting a lid on IRA savings accounts, which caused a big drop in personal retirement saving.

[basil]

The Donald seems a bit over the top this morning……..

[9YearLurker]

Where are you seeing him?

[hoosiermama]

Reminder that Trump will be on @ 11:30 Cashing In on Fox this AM

Clips on all morning. Set the vcr

[Hojczyk]

Larry read the book..

[hoosiermama]

Many many more will be reading it soon. How long till #1 ?

[MosesKnows]

But those are generalities

A "generality" elected Obama with not a shred of specifics, aka "hope and change".

[Hojczyk]

http://www.amazon.com/Time-Get-Tough-Making-America/dp/1596987731/ref=cm_cr_pr_pdt_img_top?ie=UTF8

Look at the Table of contents and read the blurb on your money

[RoosterRedux]

Thx HM...I will definitely catch that.

[o2bfree]

Larry Kudlow is for more jobs in Mexico and more Mexicans in the USA.

[BobL]

If Trump SEALS THE BORDER that’s good enough for me. I’ll fight him later on taxes, if I have to.

[TWhiteBear]

Interesting article.
Some good points and good research.
Some very poor reasoning and straw man arguments.
When Mr. Trump talks about negotiating, some folks have no clue about what he means. One time a good Republican buddy introduced an amendment to triple a proposed severance tax.
There was all kinds of a furor. We compromised on something we wanted in a different area and forgot the tax increase.
It is called ‘negotiating’.
So screw the Red Chinese. They started the trade war, we lost and are continuing to lose. Let Mr. Trump negotiate, not Obama surrender clones.
And a Kennedy quote that has been carefully hidden.
‘The paradoxical truth is that the tax rates are too high today and tax revenues are too low, and the soundest way to raise revenues in the long run is to cut rates now.”’
President John F. Kennedy
SS

[lewislynn]

Look at the Table of contents and read the blurb on your money

Even more interesting is the contrast in Trumps pictures on the covers and Cruz picture on his cover...Then, more important is the titles.

Cruz is a wimp.