Fewer people paying taxes, but that only makes sense if the plan also eliminates credits and redistribution. Otherwise it just creates a larger class of takers and burdens more the producers. Is the plan tied to significant govt program cuts?
Agreed 100%, if a democrat proposed this, everyone on this board would rip it apart. It would change Romney's 47% takers to 60% or more.
We end up subsidizing up through the middle income level as it is currently. Far better to let them keep more or all of their income and reduce subsidies than to discourage work by taxing it, even though we subsidize them elsewhere.
The way I’m seeing Trump’s plan at first glance is that the reduction in corporate taxes and business-only taxing of small businesses and contractors will give a significant boost to the economy.
Eliminating taxes up to the middle class will help to get the buy in needed to get the corporate reductions passed and into law.
He does talk about reducing spending as key to his plan as well.