Posted on 08/07/2015 2:01:35 PM PDT by arista
Donald Trump takes a lot of flak for failing to offer specific policy proposals, but there was a time when he offered a very specific tax plan -- one that raised taxes on the wealthy so much it might have made Bernie Sanders blush.
In classic Trump fashion, the plan was big and bold. If enacted, Trump's plan would have been biggest tax hike, in total raw dollars, in history. In a word, it would have been huge.
The year was 1999 and Trump was toying with the idea of running for President as a third party candidate. The idea, which Trump says he no longer supports, was to impose a one-time tax of 14.25 percent on every American worth more than $10 million and raise exactly enough money to pay off the debt.
Trump himself would have had to pay more than $700 million. But he didn't care. He calculated his plan would erase the entire national debt and save the government millions in interest payments, allowing tax cuts for everybody else.
Here's how Trump described the plan on "Good Morning America" on Nov. 10, 1999:
"Well, basically, this would be a one-time tax, 14.25 percent against people with a net worth of over 10 million," Trump said. "It would pay off in its entirety the national debt of $5.7 trillion, and you'd save $200 billion a year. So taxes for the middle class would go way down, the estate and inheritance tax totally wiped out, and the Social Security system would be saved."
In a screaming front page headline that same day, the New York Daily News featured a photograph of Mr. Trump with the words, “SOAK THE RICH: Trump's way-out plan to end nat'l debt...Proposes one-shot $5.7 trillion tax on the super-wealthy.”
(Excerpt) Read more at abcnews.go.com ...
But we have to support him. He’s the only one that, “stands up!” Raising taxes is actually conservative!
But he’s not now.
Implosion 6,5,4...
Minds change. Especially after seven years of Reality Obama.
Darwin called it something like “Evolution”. Works with animals and ideas.
It was just a few years ago that Obama and Clinton said that marriage was between a man and a woman.
I”m more worried about his flirtation with single-payer healthcare and letting all the non-violent/criminals getting an “expedited” legalization.
I think conservatives could appreciate Trump’s getting swept up during the Perot era in a one-time elimination of the federal debt by one-time taxing only those with $10M+.
*talking about illegals, perhaps obviously, above*
Once upon a time,,,,,
http://spectator.org/articles/63706/trump-and-reagan-bush-divide
This a good article.. how we got here…can you repost articles here??
No wonder the rich, caring liberals and compassionate conservatives, are terrified of him!
I once told my brother I would kill him ... and I once told a prospective girlfriend I had a job ... and I once thought I would be a fighter pilot ... and I once was confused between a common monomial and a common binomial .... come to think of it ... still am ... and I once ....
DONALD TRUMP IS THE ONYL ONE HE STANDING UP FOR US HE FIGHTING AND TAKES NOSHIT FROM ANYBODY!!11!! MAXICANS!11! HE RULZ !!11 !11!111
But when the RATS propose such things, Jonathan Karl and ABC News never have such blaring headlines.
It doesn’t matter. It just doesn’t matter. To many of the people (including Freepers) who support Trump, what he says, what he has said, what he does, what he has done....none of that matters.
It’s a cult of personality. They like Trump, or the idea of Trump, at least. And so they shape the reality of Trump to fit the idea, facts be damned. Trump says something they like? Great, he’s the best! Trump says something they don’t like? Well, we all change our mind, he’s still the best!
A hit piece from ABC. Really??
Bush once promised to not raise taxes.
he is in the wrong party.
I heard that he criticised Walker for fighting the unions and said he could have just raised taxes to avoid being divisive
lol
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