A $9.5 trillion price tag for Trump’s tax plan

Because Trump has Tea Party leaders in his campaign (e.g. Katrina Pierson).

 

So does Rand Paul. What is your point?

Besides Trump supposedly is racist and hates woman i guess Katrina is a figment of your imagination....

 

And your point is?

 

That the OP is pointless of course.

You see

This paper analyzes presidential candidate Donald Trump’s tax proposal. His plan would significantly reduce marginal tax rates on individuals and businesses, increase standard deduction amounts to nearly four times current levels, and curtail many tax expenditures. His proposal would cut taxes at all income levels, although the largest benefits, in dollar and percentage terms, would go to the highest-income households. The plan would reduce federal revenues by $9.5 trillion over its first decade before accounting for added interest costs or considering macroeconomic feedback effects. The plan would improve incentives to work, save, and invest. However, unless it is accompanied by very large spending cuts, it could increase the national debt by nearly 80 percent of gross domestic product by 2036, offsetting some or all of the incentive effects of the tax cuts.

Assumes there would be no spending cuts.

Yet again showing if you actually read the study and not the article.. Or hell PART of the study...

 

All Obama care has done is further increase inflation that was already bad do to the increase in minimum wage.

This in return makes Americans rely more on cheap Chinese goods and government hand outs. This in tern makes the government reliant on Americans purchasing those cheap Chinese goods. Which makes America reliant on china.

All of these hand outs sap initiative away. And people just become more reliant on them.

This is why Obamacare has been a disaster and this is why it will be thrown out.


It seems like a smart idea just divert half the defense budget to improve manufacturing and industry within our own country.

US has a defense budget of 600 billion. China is number 2 at something like 210 million.

We can take 300 billion from defense budget for 1 year every 5 years and use that 300 billion and give it to businesses to expand industry. This is important.

Because simultaneously, you start imposing ridiculous importing taxes to off set the improved industry, keeping the inflation stagnant in the process.

Our inflation stays the same while we break away from Chinese economic reliance.

Is half of defense budget every 5 years not worth economic independence?

I think so. Especially since we spend billions if not trillions on failed projects.

Once we achieve economic independence, that extra 300 billion every 5 years will only reduce inflation more and more.

They should just hire me to do this for them

 

Thank for providing that.

I still say that they should pay me instead

 

You have to be stinking drunk on the Kool-Aid to make such laughable claims.

FullRetardCare is the poster child of government overreach, incompetence and waste. It hasn't even lived up to the lies that it was sold on, most particularly the transparently bogus promise that it would drive HC costs down. The fact is, it was never about improving HC or reducing costs - it's always been about more government power and control, and that's why the Democrats who passed that steaming pile of crap have been driven out of office in droves. That, the lack of public support and Obama's own unwillingness to fully implement the program are testimony to its abject failure.

 

Conservatives championed the insurance mandate throughout the 1990s and up to 2007. Once Obama adopted it, the mandate became poison. Most of the ACA is a free market solution.

 

Specifically the richest 1%.

Trump's plan would cripple the government, increase the debt and deficit, and add zero to the economy because rich people don't spend.

 

Well, his tax plan is scary.

 

I never championed any insurance mandate and it became poison precisely because of conservative voters like me. The Republicans who endorsed it in the past were just as wrong as the Democrats who endorse it today.

As former Senate majority leader Harry Reid revealed in an uncommon fit of candor, FullRetardCare is just a step towards a government solution. It was never about giving individuals more freedom, control and choices, which is why most Americans, including myself, don't like it, don't want it and don't need it.

 

Guess you shoulda worried about that before electing Obama eh? How much debt did he add all by his lonesome?

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Rich people employ peop......wait rich people dont spend? Lol. Facepalm

 

My guess is, Trump's not an accountant.

 

The smallest fraction of wealth goes back into the economy. The economy is sustained by the middle class. Businesses are not people.

 

What poor person has paid you a routine salary?

 

Businesses pay wages and salaries, rich people don't pay out of pocket or from their personal wealth. You know how businesses work, right?

 

The "Tax Policy Center" have become pathological liars for political agenda. Their tactic is simplistic. The calculate the maximum cost of one aspect of what a candidate they oppose states, and ignore any income aspects of anything else the candidate also proposes.

By their logic, they would declare a high school student stating they are going to become a doctor would result in a net income lose and expense of over $250,000, leaving out the part that becoming a doctor would learn that person $5,000,000 and probably more in lifetime income.

The bogus "Tax Policy Center" are just lying political hacks, nothing else. Giving your organization a title means nothing. I am the "Center For Economic Analysis" and "Truth In Politics Association" - therefore I am the true authority on most political topics.

What the OPer, who is a partisan Democrat, leaves out, is the "Tax Policy Center" then also concluded there is no budget advantage to reducing companies taking their jobs and funds out of the USA and no budget advantage in not eliminating more American jobs. In their analysis, whether there is 0% unemployment or 100% unemployment in the USA is totally irrelevant to future budget calculations.

As I stated, they are just more lying political hacks.

 

Yes, corporations and the super rich are increasingly taking their money and jobs out of the USA to avoid paying one of the highest tax rates in the world and to avoid a billion pages of restrictions and regulations, that's how it works. It has become so extreme that now even liberal rich people are formally disavowing American citizenship to get out from under the massive taxes.

 

The ACA was for two actual purposes:

1 To justify denying medical care to the poor by deductables, which are so high that they virtually equal the 50% deduction people receive if they pay cash. By definition, NO poor person can afford to pre-pay a 20-40% deductable on ANY major medical issue.

2. Indigent healthcare was paid for via property taxes. The rich and large corporations pay the highest property taxes.
The ACA was to shift the tax burden for indigent care from millionaires home property taxes and rich corporations' property taxes to instead be paid for out of the general federal treasury - meaning Obama shifted the cost from the rich to working people and found a way to tell poor people "take this pill and go away and die unless you can come up with your $7,000 copay."

THAT is what the ACA was for. Everything said about it is are slogans that are lies diametrically opposite from the truth. It was a massive tax relief bill for the rich and to cut off government providing medical care to the poor.

 

Rich people and corporations are going to continue playing shenanigans with their finances unless and until they are penalized for doing so. The government could reduce taxes by 1000% and it wouldn't matter unless they implement a zero tax policy and never make businesses pay their fair share from taking advantage of America's infrastructure.

 

I guess you are starting to realize that Obama is a corporatist and not a socialist or communist. At least we can put that lie to rest.

 

When Congress appointed a bipartisan committee for tax reform of retired members of Congress from both political parties - thus having no personal political agenda - their recommendation was a flat tax. They pointed out that the tax code is WRITTEN by the super rich and mega corporations so it doesn't matter what the tax rate is as they exempt themselves. The ONLY way to eliminate the rich writing the tax code is to eliminate it and make a no-exceptions flat tax. So if there was a 10% flat tax, that would have the super rich and mega corporations paying a 10% tax, rather than 0% percent tax.

But this is FAR too complex for ignorant peasants who buy what liberal Democrat politicians say about the rich, claiming the rich don't pay enough and the tax rate should be raised on them, when they could raise the tax rate to 99% and the super rich and mega corporations wouldn't pay a dime.

Obama had a Democrat Congress and he changed NOTHING to tax the rich. His favority corporations do not pay $1 in taxes. In fact, he and Democrats, like Republicans, have the government paying them.

Everything Bernie Sanders and Hillary Clinton say about taxing the super rich is a lie and they know it. Neither of them have EVER proposed tax plans that actually do tax their super rich individuals and corporations who finance their campaigns. They never have and they never will, nor do they have to because they have millions of little minions who will belief anything they say without question.

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And taxes could be increased to 99% by Democrats and it wouldn't change anything either because Democrats will give the super rich any exemptions they want, plus they can just go offshore with the Democrats blessings too.

 

I agree with you. Imagine that. From the start I've stated that Obama is the greatest shill this county has ever had. He can bomb any country he wants to, militarily overthrow any government, give the rich anything they want, and he will still be declared a liberal socialist and military dove.

 

You seem to be under the erroneous impression that I'm a Democrat, support Democrats, think they are a liberal party, of have any interest in defending them.

 

The only ways to end the absurd levels of tax corruption are:

1. A flat tax
2. A national sales tax and/or value-added tax.
3. Penalty for taking any large sum of money out of the USA
4. Any monetary transaction and commercial sale considered an American transaction regardless of
company's or individuals national. Any dollar that in anyway goes thru or from the USA is an American transaction
and American taxable.

As long as there are tax exemptions other than for children there will be unlimited tax fraud and bribery for the rich. Taxes should be based singularly on where the transactions occur, not the nationality of who does it.

The only way to protect American jobs is tariffs to offset the higher costs of doing business in the USA due to regulations, taxes and employee protections.

Do any Democrats support any of that? No.

Do any Republicans? Few. Do any of those few mean it? Unlikely. Could they ever get into law? Virtually impossible.

So it's really mostly just irrelevant noise of us peasants bickering with each other, when what any of us think changes nothing - ever.