Trump vowed to rid of Hedge Fund Corruption , and keeps it in his Tax Plan

[Eaglewings]

These GOP are selling you the fake little cereal toy if you buy their big box of sugar coated crap... With all of the fun little pictures on the outside of the box to distract you.. It is a scam of a Bill and Trump is pushing for his own campaign Hedge fund corruption call out...




Trump Vowed End to Key Wall St. Loophole. G.O.P. Tax Plan Leaves It Intact.
This whole tax plan is a lying scam feeding the wealthiest ...



The tax-overhaul plan unveiled on Thursday by House Republicans would leave intact a loophole that benefits hedge funds, private-equity funds and other investment managers, despite President Trump’s campaign promises to eliminate it.

The proposal collapses several individual income tax brackets, slashes the corporate tax rate, targets income held overseas by companies and caps a popular deduction for mortgage interest. But while it eliminates many deductions and loopholes, the plan preserves the so-called carried-interest provision — a section of the tax code that is beloved by, and hugely valuable to, private-equity and other Wall Street investors.

During the presidential campaign, Mr. Trump called for closing the loophole. He called hedge fund managers “paper pushers” who were “getting away with murder” partly because of measures including the carried-interest provision that he said allowed them to shield their wealth and to minimize their tax burdens.


Trump Vowed End to Key Wall St. Loophole. G.O.P. Tax Plan Leaves It Intact.

 

[BluesLegend]

Your post is out of date and inaccurate, go read the bill out of conference that will be voted on. Also over 90% of Americans will file short form under this tax reform bill, taking the standard deduction.

If you live in a high tax blue state, earn a higher income and own an expensive home well those are the losers in this tax reform bill, they will finally have to pay their fair share of federal income taxes.

 

[ColonelAngus]

If it’s only to help his wealthy friends, why are people in NY and CA crying about losing SALT deductions?

Sepcifically expain to me how losing SALT deductions benefits the wealthy....walk me through the math.

 

[Eaglewings]

Your post is out of date and inaccurate, go read the bill out of conference that will be voted on. Also over 90% of Americans will file short form under this tax reform bill, taking the standard deduction.

If you live in a high tax blue state, earn a higher income and own an expensive home well those are the losers in this tax reform bill, they will finally have to pay their fair share of federal income taxes.

They talked about it in the Sunday morning political shows this morning..

STEPHANOPOULOS: Let's move on to the tax bill right now. You heard Senator Cornyn right there inviting Democrats to come to the table for what he says will be a big boom to the middle class. Your response?

VAN HOLLEN: Look, George, this is a total betrayal of President Trump's economic populist message on the campaign trail. It's a huge giveaway to big corporations. Millions of middle class tax payers will see their taxes go up, even though Republicans promised that would not happen. Millionaires will get an average annual tax break of $35,000 a year. And the big winners are those corporations. And I think many people haven't focused on the fact that 35 percent of the shareholders of those corporations are actually foreign stock holders, who in the year 2019, are going to get a $31 billion tax break.

So millions of American taxpayers handing over money to foreign stock holders. It doesn't sound like America first to me. It doesn't sound like the middle class first.

STEPHANOPOULOS: You heard the senator's response to that provision I asked him about which had caught your eye earlier as well, a special carve-out for real estate LLCs, which could mean tens of millions of dollars to President Trump and other Republicans. Do you have any idea how that got in? Any chance it could be taken out?

VAN HOLLEN: I don't know how it got in. What we do know is they're behind closed doors. There are a whole army of lobbyists who were surround them, and the longer they're in there, the more you see these special interest provisions, George, which as you indicate would be a windfall to Donald Trump based on everything we know. Of course, he hasn't released his tax returns.

It remind mes of the fact that during the campaign, the one issue Donald Trump used as exhibit "a" for why this tax code was broken was the carried interest loophole for hedge fund managers. He said during the campaign that hedge fund managers are getting away with murder. You just heard Senator Cornyn, they have got a 1,000-page bill. Nowhere in it do they get rid of the one tax giveaway special break that Donald Trump focused on most during the campaign. And that is why this is a total betrayal of that economic populist message and people are catching on. That's why it's so unpopular

Trump vowed to rid of Hedge Fund Corruption , and keeps it in his Tax Plan

 

[BluesLegend]

Your post is out of date and inaccurate, go read the bill out of conference that will be voted on. Also over 90% of Americans will file short form under this tax reform bill, taking the standard deduction.

If you live in a high tax blue state, earn a higher income and own an expensive home well those are the losers in this tax reform bill, they will finally have to pay their fair share of federal income taxes.

They talked about it in the Sunday morning political shows this morning..

STEPHANOPOULOS: Let's move on to the tax bill right now. You heard Senator Cornyn right there inviting Democrats to come to the table for what he says will be a big boom to the middle class. Your response?

VAN HOLLEN: Look, George, this is a total betrayal of President Trump's economic populist message on the campaign trail. It's a huge giveaway to big corporations. Millions of middle class tax payers will see their taxes go up, even though Republicans promised that would not happen. Millionaires will get an average annual tax break of $35,000 a year. And the big winners are those corporations. And I think many people haven't focused on the fact that 35 percent of the shareholders of those corporations are actually foreign stock holders, who in the year 2019, are going to get a $31 billion tax break.

So millions of American taxpayers handing over money to foreign stock holders. It doesn't sound like America first to me. It doesn't sound like the middle class first.

STEPHANOPOULOS: You heard the senator's response to that provision I asked him about which had caught your eye earlier as well, a special carve-out for real estate LLCs, which could mean tens of millions of dollars to President Trump and other Republicans. Do you have any idea how that got in? Any chance it could be taken out?

VAN HOLLEN: I don't know how it got in. What we do know is they're behind closed doors. There are a whole army of lobbyists who were surround them, and the longer they're in there, the more you see these special interest provisions, George, which as you indicate would be a windfall to Donald Trump based on everything we know. Of course, he hasn't released his tax returns.

It remind mes of the fact that during the campaign, the one issue Donald Trump used as exhibit "a" for why this tax code was broken was the carried interest loophole for hedge fund managers. He said during the campaign that hedge fund managers are getting away with murder. You just heard Senator Cornyn, they have got a 1,000-page bill. Nowhere in it do they get rid of the one tax giveaway special break that Donald Trump focused on most during the campaign. And that is why this is a total betrayal of that economic populist message and people are catching on. That's why it's so unpopular

Trump vowed to rid of Hedge Fund Corruption , and keeps it in his Tax Plan

Less lying liberal media koolaid, go read the conference bill.