Trump Reveals Tax Plan...... It's Phenomenal And Will Make America Great Again!

[JohnnyApplesack]

This will help Americans tremendously. It boosts confidence and will create growth. Also it will be a simplified one form page that you'll fill out. Ladies and gentlemen, our glorious leader is looking out for the Americans citizens and he is delivering on his promises. I personally like that the Death Tax will be eliminated.


www.thegatewaypundit.com/2017/04/trump-team-announces-tax-plan-massive-tax-cuts-businesses-lowers-tax-rate-individuals-repeals-death-tax/

How many trillions are added to the deficit, sweetie?

None......when you cut taxes you increase revenue to the government...they actually generate tax revenue because businesses open and existing businesses expand.....

This would be a great thing.....

that's the exact same rhetoric we heard from the Bush admin, trickle down bullshit 'economics'

businesses open regardless of the corporate rate (which none pay anyway).....if there are customers for your product, you produce it, period

this is nonsense, a policy the capitalist class has been feeding gullible right wing voters since Reagan

btw, how did Bush's tax cuts for the wealthy work out? lol

 

[NYcarbineer]

Trump during the campaign rags on Hillary as a tool of Goldman Sachs and then today sends out 2 Goldman Sachs guys to introduce his massive tax cuts for the Rich initiative.

You can't make this shit up, unless of course you're a political satire writer.

 

[Flash]

Moon Bat, decreased taxes means increased economic growth and greater government revenue.

Well, GWB slashed taxes and we got 700,000 unemployed per month.....Was that just a bit of bad luck during the Bushie years??LOL

These right wing fuckers NEVER learn.....

No you are confused Moon Bat.

The housing collapse of 2007 that was caused by the Democrat sponsored CRA and the mismanagement of the Democrat Congress in 2007 had nothing to do with Bush's tax cuts, which worked for four of the years prior.

What we do know is that the dumbshit Obama raised taxes and the deficit skyrocketed because there was dismal economic growth and poverty increased, family income deceased and everything was fucked. We tried raising taxes and it failed.

By the way Moon Bat, since you have selective memory you need to be reminded that when the Democrats controlled both houses of Congress and the Presidency they extended the Bush tax cuts. If it was as bad as you say it was then why didn't the Party of Moon Bats put an end to it? Huh?

 

[toomuchtime_]

Trump during the campaign rags on Hillary as a tool of Goldman Sachs and then today sends out 2 Goldman Sachs guys to introduce his massive tax cuts for the Rich initiative.

You can't make this shit up, unless of course you're a political satire writer.

But you are making it up. The top individual tax rate would only be lowered slightly but there would be substantial cuts for the middle class and for small businesses.

 

[bripat9643]

"We grudge no man a fortune in civil life if it is honorably obtained and well used. It is not even enough that it should have been gained without doing damage to the community. We should permit it to be gained only so long as the gaining represents benefit to the community … The really big fortune, the swollen fortune, by the mere fact of its size, acquires qualities which differentiate it in kind as well as in degree from what is possessed by men of relatively small means. Therefore, I believe in a graduated income tax on big fortunes, and … a graduated inheritance tax on big fortunes, properly safeguarded against evasion, and increasing rapidly in amount with the size of the estate."

A Republican made that statement many years ago, it still stands.

"Our true choice is not between tax reduction, on the one hand, and the avoidance of large Federal deficits on the other. It is increasingly clear that no matter what party is in power, so long as our national security needs keep rising, an economy hampered by restrictive tax rates will never produce enough revenues to balance our budget just as it will never produce enough jobs or enough profits… In short, it is a paradoxical truth that tax rates are too high today and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now."
President Kennedy

Liberals don't like Kennedy anymore, for he is like Joseph Liebermann , the VP pick for Al Gore, for Kennedy would be a traitor to the Liberal(Fascist) Party, for even mentioning a tax break. I wonder if there was any conflict of interest with the Kennedy's who were millionaires, getting some of that break? Yep without double standards liberals would have no standards at all..

More reason that ever to see trumps tax returns, honey bunch. I wonder just how much of this plan was written to help him and him alone?

How could any tax plan bemefit only a single person?

You're a special kind of stupid.

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[Rexx Taylor]

this wont work! remember when Reagan tried this and the economy crashed in 1984/85?,,,I remember seeing people jump to their deaths from their 3rd/4th floor windows.

 

[NYcarbineer]

Trump during the campaign rags on Hillary as a tool of Goldman Sachs and then today sends out 2 Goldman Sachs guys to introduce his massive tax cuts for the Rich initiative.

You can't make this shit up, unless of course you're a political satire writer.

But you are making it up. The top individual tax rate would only be lowered slightly but there would be substantial cuts for the middle class and for small businesses.

Every major Republican tax cut bill in modern history has resulted in higher deficits and there is nothing about this bill that makes the case that it will not follow the same pattern.

What happened to all the fiscal hawks on the Right?

 

[toomuchtime_]

Trump during the campaign rags on Hillary as a tool of Goldman Sachs and then today sends out 2 Goldman Sachs guys to introduce his massive tax cuts for the Rich initiative.

You can't make this shit up, unless of course you're a political satire writer.

But you are making it up. The top individual tax rate would only be lowered slightly but there would be substantial cuts for the middle class and for small businesses.

Every major Republican tax cut bill in modern history has resulted in higher deficits and there is nothing about this bill that makes the case that it will not follow the same pattern.

What happened to all the fiscal hawks on the Right?

All tax cuts produce higher deficits unless they generate enough spending and investment to generate sufficient revenues to make up for the loss of revenue due to the cut, and there is reason to believe this one will generate enough new revenues to make up for the cut.

Consider that corporate taxes make up only about 11% of total federal tax revenues and individual taxes make up about 80%. Many large corporation, Ford included, have said if President Trump does manage to lower corporate taxes that would be an incentive to manufacture here rather than abroad. That might mean the relatively small loss of corporate taxes would be made up for by the taxes of all those employees whose jobs were saved by the tax cut.

 

[edthecynic]

this wont work! remember when Reagan tried this and the economy crashed in 1984/85?,,,I remember seeing people jump to their deaths from their 3rd/4th floor windows.

Actually, Reagan passed his Trickle Down economic tax plan in 1981 and we then had the worst economic crash since the Great Republican Depression by Nov 1982.

 

[Markle]

How many trillions are added to the deficit, sweetie?

You don't know the difference between static and dynamic economics do you?

 

[edthecynic]

How many trillions are added to the deficit, sweetie?

You don't know the difference between static and dynamic economics do you?

Yeah, with dynamic scoring you can make up any numbers you want, no matter how unrealistic, whereas static scoring requires some connection to reality.

 

[radical right]

Consider that corporate taxes make up only about 11% of total federal tax revenues and individual taxes make up about 80%..

You need a finer breakdown.
11% corporate income tax
46% personal income tax
34% payroll taxes (ss/medicare etc)
3% excise taxes
2% other.

So corporate taxes represent 20% of the discretionary budget tax source.

 

[edthecynic]

Trump Reveals Tax Plan...... It's Phenomenal And Will Make America Great Again!

 

[nat4900]

What we do know is that the dumbshit Obama raised taxes

Obama Signs Bill To Extend Bush Tax Cuts - CBS News

 

[Dim Bulb]

This will help Americans tremendously. It boosts confidence and will create growth. Also it will be a simplified one form page that you'll fill out. Ladies and gentlemen, our glorious leader is looking out for the Americans citizens and he is delivering on his promises. I personally like that the Death Tax will be eliminated.


www.thegatewaypundit.com/2017/04/trump-team-announces-tax-plan-massive-tax-cuts-businesses-lowers-tax-rate-individuals-repeals-death-tax/

I'm just tired of promises at this point. Send me a note when some legislation actually gets passed.

 

[nat4900]

The housing collapse of 2007 that was caused by the Democrat sponsored CRA and the mismanagement of the Democrat Congress in 2007 had nothing to do with Bush's tax cuts, which worked for four of the years prior.

Fucked up right wingers always have a hard time addressing this question:

How the hell do you SLASH taxes....and then expect to fight two BIG wars with borrowed money and NOT realize a HUGE deficit?

 

[Markle]

Actually, Reagan passed his Trickle Down economic tax plan in 1981 and we then had the worst economic crash since the Great Republican Depression by Nov 1982.

Your utter desperation and revision of history are duly noted.

The tax plan was passed in 1981, went into effect 1982 and the results began in 1983.

As you know too, the recession to which you erroneously refer, began during the malaise of former President Jimmy Carter in 1980 and ended in 1982. Why lie about something so easy to check?

 

[bripat9643]

You can heard the tax and spend Democrats screaming about the deficit! Funny they didn't care about the deficit when Bozo was the President


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Wrong. We were all very glad that he cut the deficit by 2/3rds and its painful to see the cheeto working to increase it again.

I wonder why RWNJs don't feel the same way.

He cut the deficit by 2/3rds? You must be joking. The debt doubled under Obama, so when did he cut it?

 

[bripat9643]

Remember the 2005 Trump tax return that was revealed?

Trump's tax plan would cut Trump's tax liability in that return to about 5%.

And that tax amount on that income and with that loss amount did not make sense at all.

He's a criminal. We already know that. We also know his reason for running for prez is to enrich himself and Pooting. Period.

Everything you "know" is wrong, dumbass.

 

[bripat9643]

"We grudge no man a fortune in civil life if it is honorably obtained and well used. It is not even enough that it should have been gained without doing damage to the community. We should permit it to be gained only so long as the gaining represents benefit to the community … The really big fortune, the swollen fortune, by the mere fact of its size, acquires qualities which differentiate it in kind as well as in degree from what is possessed by men of relatively small means. Therefore, I believe in a graduated income tax on big fortunes, and … a graduated inheritance tax on big fortunes, properly safeguarded against evasion, and increasing rapidly in amount with the size of the estate."

A Republican made that statement many years ago, it still stands.

"Our true choice is not between tax reduction, on the one hand, and the avoidance of large Federal deficits on the other. It is increasingly clear that no matter what party is in power, so long as our national security needs keep rising, an economy hampered by restrictive tax rates will never produce enough revenues to balance our budget just as it will never produce enough jobs or enough profits… In short, it is a paradoxical truth that tax rates are too high today and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now."
President Kennedy

It didn't work then, and hasn't worked now

Wrong again, douche bag:

Warren G. Harding - Wikipedia​

When Harding took office on March 4, 1921, the nation was in the midst of a postwar economic decline.[134] At the suggestion of its leaders, Harding called a special session of Congress to convene on April 11. When Harding addressed the joint session the following day, he urged the reduction of income taxes (raised during the war), an increase in tariffs on agricultural goods to protect the American farmer, as well as more wide-ranging reforms, such as support for highways, aviation, and radio.[135][136] But it was not until May 27 that Congress passed an emergency tariff increase on agricultural products. An act authorizing a Bureau of the Budget followed on June 10; Harding appointed Charles Dawes as bureau director with a mandate to cut expenditures.[137]

Mellon's tax cuts[edit]
Treasury Secretary Mellon also recommended to Congress that income tax rates be cut. He asked that the excess profits tax on corporations be abolished. The House Ways and Means Committee endorsed Mellon's proposals, but some congressmen, who wanted to raise tax rates on corporations, fought the measure. Harding was unsure what side to endorse, telling a friend, "I can't make a damn thing out of this tax problem. I listen to one side, and they seem right, and then—God!—I talk to the other side, and they seem just as right."[136] Harding tried compromise, and gained passage of the bill in the House after the end of the excess profits tax was delayed a year. In the Senate, the tax bill became entangled in efforts to vote World War I veterans a soldier's bonus. Frustrated by the delays, on July 12, Harding appeared before the Senate and urged it to pass the tax legislation without the bonus. It was not until November that the revenue bill finally passed, with higher rates than Mellon had proposed.[138][139]

. . . . . . . . . . . .

Mellon ordered a study which demonstrated historically that, as income tax rates were increased, money was driven underground or abroad. He concluded that lower rates would increase tax revenues.[145][146] Based on his advice, Harding's revenue bill cut taxes, starting in 1922. The top marginal rate was reduced annually in four stages from 73% in 1921 to 25% in 1925. Taxes were cut for lower incomes starting in 1923. The lower rates substantially increased the money flowing to the treasury. They also pushed massive deregulation and federal spending as a share of GDP fell from 6.5% to 3.5%. By late 1922 the economy began to turn around. Unemployment was pared from its 1921 high of 12% to an average of 3.3% for the remainder of the decade. The misery index which is a combination of unemployment and inflation had its sharpest decline in U.S. history under Harding. Wages, profits, and productivity all made substantial gains; annual GDP increases averaged at over 5% during the 1920s. Libertarian historians Larry Schweikart and Michael Allen argue that, "Mellon's tax policies set the stage for the most amazing growth yet seen in America's already impressive economy."[147]​