"We have to increase taxes on the wealthy"

[Mac1958]

Whoa. Holy crap. I'm not surprised by much any more, but this made me do a double-take. STEVE BANNON said this.

“I’m for a dramatic increase in corporate taxes. We have to increase taxes on the wealthy. For getting our guys’s taxes cut, we’ve got to cut spending, which they’re gonna resist. Where does the tax revenue come from? Corporations and the wealthy,” Bannon said during an interview with Semafor that was published Friday.

“And when they start squealing, we have a conversation,” the conservative media personality added. “We’re all partners in this, everybody’s going to take a little pain, but the working people are going to take less pain than you guys.”

On the campaign trail, Trump, Bannon’s former boss, said he wants to extend many provisions in his 2017 tax legislation, his signature economic achievement during his first White House term. He also vowed to slash taxes on tips and Social Security. Trump has also shown support for dropping the corporate income tax rate to 15 percent.

Personally, I'm for adding perhaps four new higher brackets on the top end. So yeah, I agree. On corporate taxes, we need to be careful and remain competitive globally, but I'm for establishing a Minimum Effective Tax Rate of maybe 10%, so that we don't have huge companies paying zero, like Amazon.

Thoughts?

Steve Bannon supports increasing taxes on the wealthy

 

[shockedcanadian]

Whoa. Holy crap. I'm not surprised by much any more, but this made me do a double-take. STEVE BANNON said this.

“I’m for a dramatic increase in corporate taxes. We have to increase taxes on the wealthy. For getting our guys’s taxes cut, we’ve got to cut spending, which they’re gonna resist. Where does the tax revenue come from? Corporations and the wealthy,” Bannon said during an interview with Semafor that was published Friday.

“And when they start squealing, we have a conversation,” the conservative media personality added. “We’re all partners in this, everybody’s going to take a little pain, but the working people are going to take less pain than you guys.”

On the campaign trail, Trump, Bannon’s former boss, said he wants to extend many provisions in his 2017 tax legislation, his signature economic achievement during his first White House term. He also vowed to slash taxes on tips and Social Security. Trump has also shown support for dropping the corporate income tax rate to 15 percent.

Personally, I'm for adding perhaps four new higher brackets on the top end. So yeah, I agree. On corporate taxes, we need to be careful and remain competitive globally, but I'm for establishing a Minimum Effective Tax Rate of maybe 10%, so that we don't have huge companies paying zero, like Amazon.

Thoughts?

Steve Bannon supports increasing taxes on the wealthy

This is the problem when your government continues to over spend and few GOP even have the courage to say no, or why, how . You think you can just raise the money through tariffs alone? Good luck raising $2T a year through tariffs. This over spending will sink Trumps second term I'm afraid.

 

[C_Clayton_Jones]

Bannon is lying, of course.

He’s the master of lies and disinformation, like most on the right, used to spread conflict and chaos, such as advocating for ‘taxing’ the rich; only a fool would believe anything Bannon says.

 

[MisterBeale]

Not surprised.

. . . . there were, after all, rumors.

https://archive.ph/tWGnC

Bannon says he’s a Leninist: that could explain the White House’s new tactics​

This article is more than 7 years old
Victor Sebestyen

Bannon says he’s a Leninist: that could explain the White House’s new tactics | Victor Sebestyen

Trump’s top political adviser says he wants to destroy the state, like the Bolshevik leader, and some of his ideas certainly echo the Russian revolutionary

www.theguardian.com

Did Steve Bannon Describe Himself as a 'Leninist' Who Wants to Destroy the State?

After reports about the quote emerged, President Donald Trump's chief strategist told journalists that he did not recall the conversation.

www.snopes.com

 

[fncceo]

Thoughts?

He’s wrong.

Lower taxes on everyone, especially the highest earners.

Eliminate the power for government to deficit spend.

 

[Mac1958]

The numbers don't work. Not even trickle-down can MAKE them work. We have to streamline spending AND increase taxes.

And as usual, the only way to REALLY do this is for the two parties to work together like normal adults. Ha ha.

I think that taxing (specific tax rates) and spending should happen AT THE SAME TIME, IN THE SAME BILL. THAT is a REAL "budget".

Make these people MAKE SENSE of what they're pushing.

 

[shockedcanadian]

He’s wrong.

Lower taxes on everyone, especially the highest earners.

Eliminate the power for government to deficit spend.

That won't change anything. They will just borrow or print. Trumps initial tax cuts lead to record debt under Biden. America is in deep fiscal trouble, your government treats $100B "items" as if they are handing out candy. The GOP basicaly just passed a Dem Bill, 100% of Dems voted for it. Astounding.

 

[CrusaderFrank]

Whoa. Holy crap. I'm not surprised by much any more, but this made me do a double-take. STEVE BANNON said this.

“I’m for a dramatic increase in corporate taxes. We have to increase taxes on the wealthy. For getting our guys’s taxes cut, we’ve got to cut spending, which they’re gonna resist. Where does the tax revenue come from? Corporations and the wealthy,” Bannon said during an interview with Semafor that was published Friday.

“And when they start squealing, we have a conversation,” the conservative media personality added. “We’re all partners in this, everybody’s going to take a little pain, but the working people are going to take less pain than you guys.”

On the campaign trail, Trump, Bannon’s former boss, said he wants to extend many provisions in his 2017 tax legislation, his signature economic achievement during his first White House term. He also vowed to slash taxes on tips and Social Security. Trump has also shown support for dropping the corporate income tax rate to 15 percent.

Personally, I'm for adding perhaps four new higher brackets on the top end. So yeah, I agree. On corporate taxes, we need to be careful and remain competitive globally, but I'm for establishing a Minimum Effective Tax Rate of maybe 10%, so that we don't have huge companies paying zero, like Amazon.

Thoughts?

Steve Bannon supports increasing taxes on the wealthy

We have a spending problem, not a revenue problem

We need to end the connection between Congressional spending and their personal net worth. Many other civilizations executed their corrupt politicians, we reelect ours

Milei did it in Argentina in record time, faster the Harding and Coolidge

 

[shockedcanadian]

We have a spending problem, not a revenue problem

We need to end the connection between Congressional spending and their personal net worth. Many other civilizations executed their corrupt politicians, we reelect ours

Milei did it in Argentina in record time, faster the Harding and Coolidge

That's what I've been saying for some time. China is using the same playbook against America that America used against Russia, "drive fiscal bankruptcy". what Americans dont understand is the collapse will occur quickly, just as the 2008 financial crisis occurred but this time it isnt corporations.

 

[EMH]

Bannon is lying, of course.

He’s the master of lies and disinformation, like most on the right, used to spread conflict and chaos, such as advocating for ‘taxing’ the rich; only a fool would believe anything Bannon says.

For once you are right. Bannon has RAV censor

911 truth
CO2 FRAUD truth
10/7 truth - even as his network gave it out in spades on 10/8....


"There are no conspiracies" is a quote on the wall hanging behind him... which translates to...


Don't check my 2001 tax return and notice I made a fortune investing in gold, oil, the long bond, and defense stocks on 910....


Steve Bannon is not to be trusted. Steve Bannon is from Goldman Sachs....

 

[Picaro]

Don't care; not many billionaires are pro-American, and their multi-national corporations loves them some Red Chinese Cadre and slave labor.

The country needs to replace all the anti-trust, anti-monopoly, and anti-chain store laws it had from the 1930's up to the early 1970's. That was the greatest generator of productivity, competition, wealth, and a large middle class in world history.

 

[Harry Dresden]

Bannon is lying, of course.

He’s the master of lies and disinformation, like most on the right, used to spread conflict and chaos, such as advocating for ‘taxing’ the rich; only a fool would believe anything Bannon says.

like most on the right, used to spread conflict and chaos,

you do the same thing jones....why i call you a fucking hypocrite.....

 

[Cellblock2429]

That won't change anything. They will just borrow or print. Trumps initial tax cuts lead to record debt under Biden. America is in deep fiscal trouble, your government treats $100B "items" as if they are handing out candy. The GOP basicaly just passed a Dem Bill, 100% of Dems voted for it. Astounding.

/----/ "Trumps initial tax cuts lead to record debt under Biden"
Still spreading that lie like a good little tool.

The truth is, the Trump tax cuts resulted in economic growth that was a full percentage point above CBO’s forecast, and federal revenues far outpaced the agency’s predictions. In fact, under Trump tax policies in 2022, tax revenues reached a record high of nearly $5 trillion, and revenues averaged $205 billion above CBO predictions for the four years following implementation of the law.

Beyond what the Trump tax cuts did for economic growth and federal revenues, it provided major benefits to working families. The officially reported poverty level fell to its lowest rate in 50 years and unemployment rates for minorities and those without a college degree hit all-time lows.

Despite CBO’s Predictions, Trump Tax Cuts Were a Boon for America’s Economy and Working Families | The U.S. House Committee on the Budget - House Budget Committee

The Official U.S. Congressional website of The Republican Budget Committee

budget.house.gov

 

[Votto]

That won't change anything. They will just borrow or print. Trumps initial tax cuts lead to record debt under Biden. America is in deep fiscal trouble, your government treats $100B "items" as if they are handing out candy. The GOP basicaly just passed a Dem Bill, 100% of Dems voted for it. Astounding.

With friends like the GOP, who needs enemies?

 

[Manonthestreet]

Not cut spending, we need to get spending.

 

[SweetSue92]

We need fairer taxes, which includes some kind of redo of corporate/high earning tax brackets. And we need much, much, MUCH less regulation.

 

[1srelluc]

I really have no answers in that regard other than scrapping the reams of tax code and going with a fair/flat tax.

We have plenty of revenue but a totally dysfunctional .gov as far as spending goes.

In other words:

 

[C_Clayton_Jones]

For once you are right. Bannon has RAV censor

911 truth
CO2 FRAUD truth
10/7 truth - even as his network gave it out in spades on 10/8....


"There are no conspiracies" is a quote on the wall hanging behind him... which translates to...


Don't check my 2001 tax return and notice I made a fortune investing in gold, oil, the long bond, and defense stocks on 910....


Steve Bannon is not to be trusted. Steve Bannon is from Goldman Sachs....

Like other conservatives, Bannon uses disinformation and lies to deflect from his fascist, anti-democratic agenda – such as ‘taxing the wealthy.’

This thread is evidence of that attempt to deflect.

 

[wamose]

Whoa. Holy crap. I'm not surprised by much any more, but this made me do a double-take. STEVE BANNON said this.

“I’m for a dramatic increase in corporate taxes. We have to increase taxes on the wealthy. For getting our guys’s taxes cut, we’ve got to cut spending, which they’re gonna resist. Where does the tax revenue come from? Corporations and the wealthy,” Bannon said during an interview with Semafor that was published Friday.

“And when they start squealing, we have a conversation,” the conservative media personality added. “We’re all partners in this, everybody’s going to take a little pain, but the working people are going to take less pain than you guys.”

On the campaign trail, Trump, Bannon’s former boss, said he wants to extend many provisions in his 2017 tax legislation, his signature economic achievement during his first White House term. He also vowed to slash taxes on tips and Social Security. Trump has also shown support for dropping the corporate income tax rate to 15 percent.

Personally, I'm for adding perhaps four new higher brackets on the top end. So yeah, I agree. On corporate taxes, we need to be careful and remain competitive globally, but I'm for establishing a Minimum Effective Tax Rate of maybe 10%, so that we don't have huge companies paying zero, like Amazon.

Thoughts?

Steve Bannon supports increasing taxes on the wealthy

Minimum effective tax sounds like it might be a good idea. It's not fair that the super-rich can pay 0 taxes. But when you start talking about 30% taxes on corporations, that's crazy to me.

 

[shockedcanadian]

/----/ "Trumps initial tax cuts lead to record debt under Biden"
Still spreading that lie like a good little tool.

The truth is, the Trump tax cuts resulted in economic growth that was a full percentage point above CBO’s forecast, and federal revenues far outpaced the agency’s predictions. In fact, under Trump tax policies in 2022, tax revenues reached a record high of nearly $5 trillion, and revenues averaged $205 billion above CBO predictions for the four years following implementation of the law.

Beyond what the Trump tax cuts did for economic growth and federal revenues, it provided major benefits to working families. The officially reported poverty level fell to its lowest rate in 50 years and unemployment rates for minorities and those without a college degree hit all-time lows.

Despite CBO’s Predictions, Trump Tax Cuts Were a Boon for America’s Economy and Working Families | The U.S. House Committee on the Budget - House Budget Committee

The Official U.S. Congressional website of The Republican Budget Committee

budget.house.gov

You miss the point. Who cares if you grow by even 10% while your debt increases.by even larger numbers. $1T a year on interest payments alone. I repeat again and again, you don't have a revenue problem.you have a spending problem and no one cares.because those who can tell you that you should care are going to cash out long before you do or even can.