Posted on 09/13/2017 2:47:08 PM PDT by Oldeconomybuyer
President Donald Trump said on Wednesday the rich might see a hike in taxes as he pursues a major tax overhaul with outreach to Democrats who oppose cutting rates for the wealthy, while Republicans in Congress set a timetable to unveil their plan.
“I think the wealthy will be pretty much where they are,” Trump said of taxes on the rich, without specifying the income level. “If they have to go higher, they’ll go higher, frankly.”
“I think the wealthy will be pretty much where they are,” Trump said of taxes on the rich, without specifying the income level. “If they have to go higher, they’ll go higher, frankly.”
Trump will host Senate Democratic leader Chuck Schumer and House Democratic leader Nancy Pelosi on Wednesday evening to discuss the legislative agenda with a focus on the tax overhaul after meetings with bipartisan groups of lawmakers on Tuesday night and Wednesday afternoon.
“We should be able to come together to make government work for the people,” Trump told reporters.
(Excerpt) Read more at reuters.com ...
Wrong headed but maybe temporarily necessary to get the tax cuts he wants and we need.
How I hate the GOP and their disgusting “leaders”. THROW THE BUMS OUT!!!!
Would be interesting to see how Trump defines ‘rich’.
The election euphoria is gone for me. With the exception of the SCOTUS selection, not much really has changed.
I believe 50% already don't pay any federal taxes, but let's make it more progressive. That'll make the economy hum.
Tax cuts on the rich, would put a massively larger amount of money into the private sector.
That would effectively double the potential for economic growth.
“The rich”, IMO would include tens of thousands of small businesses. They are the bread and butter of job creation.
The Left loves to attack this group. Trump should avoid it at all cost. It will defeat the attainment of the full potential of his goals.
And it isn’t going to until we stop sending a false opposition party to Washington.
Trying to sweeten up the Democrats never works.
Tax cuts for all. Or Tax cuts for none. I’m poor and I disagree with tax hikes for the rich. The more money and wealth that people have, the better it is for me.
Period.
Doesn’t the GOP have a majority?
Even considering making deals with them is a huge red flag.
I really really hate our tax code - it is unfair to those who pay, and it is not a good economic policy in terms of raising funds for the government.
I wish, but know it can never happen, that we repealed the 16th (and 17th) amendments and replaced it with a very simply consumption tax - not a VAT. My second choice would be a true flat tax - something like a standard deduction up to 20k or so, and 15% everything above that. No exemptions, no exceptions, no games and no loopholes for anything. What you do with your money after that is your business - give to charity, buy a house - up to you, but no tax adjustments for anything.
Of course, neither of these two options will ever happen.
For me and our household, it will depend upon whom Trump, et al determine who is "rich.""
I know that the dim party determine pretty much any family working and earning a combined $100,000 to be "wealthy," no matter the size of their family, what part of the country they live in or how high their other taxes are.
Congress critters all get by without paying taxes, get to participate in insider trading (by family members, of course) yet pretend to belong to the "working class!"
A POX on all their houses!!!
a lot less border crossings for one thing and an increase in deportations...
i am not in favor of a tax hike on the rich but would be willing to trade that for a large tax cut on businesses...
Careful. Could be fake news. Reuters.
The sooner the GOP is destroyed, the better.
“Wrong headed but maybe temporarily necessary to get the tax cuts he wants and we need.”
No, just wrong.
He wouldn’t be in this position if the House and Senate GOP had its act together.
Give the “rich” (whoever they are) a higher rate that they can pay voluntarily. There’s been a lot of rich liberals saying they want to pay more in taxes. Give them a award if they pay the higher rate. Liberals love awards.
Current threshold being discussed is $250k.
He has always stated that the “rich” such as himself might pay more taxes during the campaign. Nothing new here. The question is what is the definition rich?
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