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To: Hostage; TexasCajun

>> Donald Trump was speaking about the elimination of the passive investor tax credit <<

Yes, that credit was exactly the kind of rigged, special-interest loophole that should be opposed by anybody with an informed commitment to free-market capitalism. It was a classic example of the government’s arbitrarily favoring one type of investment over another, a gimmick which made millionaires and billionaires out of some real-estate operators who knew how to exploit the complicated rules of the old system. We should applaud its elimination.

(And for the life of me, I can’t figure out why Mr. Trump would have opposed eliminating this notoriously rigged gimmick in the tax system, because he clearly is against any kind of system that has complicated and exploitable features.)


16 posted on 04/20/2016 9:10:30 AM PDT by Hawthorn
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To: Hawthorn

> “Yes, that credit was exactly the kind of rigged, special-interest loophole that should be opposed”

It was a tax write-off to encourage investment in building and construction.

It was closed by greedy democrats that wanted to preserve their share of the tax revenue pie that Reagan’s income tax cuts were threatening.

So you are in league with greedy democrats.


18 posted on 04/20/2016 9:29:59 AM PDT by Hostage (ARTICLE V)
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