DONALD TRUMP DELIVERS CENTER-RIGHT POPULIST TAX PLAN

Breitbart: Sometimes presidential candidate Donald Trump seems to be winging it, but other times he acts with clockwork timing and political precision. The unveiling of his tax plan comes at exactly the right moment, when he needed to deliver something substantive.

[…] Trump’s delivery in his Monday press conference was perfectly in sync with the mood of his tax-reform document, which can be read here. Allow me to quote verbatim from the first of the plan’s listed goals:

If you are single and earn less than $25,000, or married and jointly earn less than $50,000, you will not owe any income tax. That removes nearly 75 million households – over 50% – from the income tax rolls. They get a new one page form to send the IRS saying, “I win,” those who would otherwise owe income taxes will save an average of nearly $1,000 each.

You don’t see a lot of policy white papers that talk about taxpayers sending one-page forms to the IRS that say “I win.” It’s lovably cheeky, but this is a purely populist measure, not a conservative reform. Paying zero income tax, while consuming government benefits, is not a “victory” over the IRS, government, or the Americans who are paying for all that stuff.

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SNIP: Another take on Trump’s tax plan HERE, at The Last Refuge.

h/t Czar of Defenestration

10 Comments on DONALD TRUMP DELIVERS CENTER-RIGHT POPULIST TAX PLAN

  1. The amount of money he would repatriate would be mind blowing with a 1 time 10% levy. Just from Apple. And the amount of revenue even at 10% would be huge.

    Brilliant.




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  2. For me, I would put America through economic shock with a fair/flat tax. But hey, i’m not a billionaire that knows how capital is created.




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  3. No.
    Everyone needs to pay 9.99% tax. Even if you only pay a dollar a week. No one is exempt. No deductions, no loopholes, no returns without receipt/store credit only, no earned income credit, no discounts, no vouchers.

    Shrink the gubmint. Everyone pays. No welfare for illegals and no illegals.

    MJA / Yo’mama 2016!




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  4. Dear Yo’mama,
    The day Obama leaves office we will start to see what a real train wreck he’s left us. Considering he’s all but destroyed our economy, 9.99% might initially be a tad aggressive.




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  5. My guess is Trump is trying to put more $ into the middle class without reducing overall revenue.

    He knows he can’t slash revenue yet without reducing the rabid spending of the 0bama empire, but he does need to unscrew the lower and middle class (which are becoming one and the same).




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  6. Not to mention a lot of what used to be the middle class is no longer EMPLOYED. He needs to get them producing again and paying into the system instead of taking out of the system.




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