Posted on 09/07/2015 11:41:15 AM PDT by MeshugeMikey
Donald Trump doesn’t sound like most Republican candidates—and not just because he uses unusually pointed language. It’s also due to his policies. One prominent example: He’s talked about raising taxes on some wealthy Americans and corporations.
The idea of raising taxes is anathema to most GOP politicians. Many sign a pledge promising not to increase them.
How can Mr. Trump lead the Republican presidential field while calling for higher taxes? A look at poll data suggests that a constituency exists for raising taxes on the wealthy—even within the Republican Party.
(Excerpt) Read more at blogs.wsj.com ...
I thought Trump already has a fair tax plan of sorts already out there. I don’t know what the uber rich pay, but it didn’t seem out of line to me.
Something change?
I don’t think this is accurate.
I’ve heard him say he believes in tiered system, like we have, where higher rates exist for larger incomes.
But he has said everyone will have reduced taxes.
Trump’s plan in his book is massive tax cut.
We shal see where he stands come.....2016
He is pointing out that people running hedge funds have a loophole where their “salary” isn’t a salary but categorized as capital gains, so they are only paying 18%. I agree with him on this point.
It’s not raising taxes, it’s taking away an unfair loophole.
What the Wall Street Journal is really concerned about is that Trump threatens their employers, The Cheap Labor Express.
http://www.newsiosity.com/articles/politics/trump-raise-taxes-rich-give-others-relief
Trump: True Progressive
Trump is not consistent on anything. ANYTHING.
Much is likely to change as the race unfolds. Mr. Trump has given only hints to his tax policy rather than a full plan. So far, he has suggested that he would tax the compensation of hedge fund managers as ordinary income rather than at its current, lower rate.
He has also suggested he would act against mergers that cut a corporation’s U.S. tax bill by moving operations overseas. As he fleshes out his plan, the willingness of GOP voters to stay with him will be clarified.
he may in fact start to impress democrats....
Can’t wait for his Foreign Policy speech on the 15th from the Battleship USS Iowa, in California.
The WSJ still hasn’t figured out that the Middle Class taxpayers & evangelicals are tired of voting for Republicans and getting shafted by them when they win.
perhaps they are far more concerned with that matter than might be immediately apparent to all their readers...
You’ll get his tax cut plan this month. About certain it’s going to be a massive tax cut.
“only 18 percent eh?
Of course non gope Republicans see need for higher taxes on obscenely weathy who got it on the backs of the middle class.
Keep Trumping middle class Americans. Rein him into true conservatism.
Is that all?
The title is very misleading then.
Note to WSJ: this is yet another reason I told you to go p!$$ up a rope years ago and gave my money to Investors Business Daily.
The main reason, of course, is that IBD is geared to making money without wasting my time. WSJ is geared to wasting my time without giving me any actionable market information.
Yep, the Wall Street Journal is full of it and who are part of the Trump Derangement Syndrome crowd.
Half the people today pay nothing -- who thinks that is right or fair?
Trumps wants everyone to pay at least 1%: have some skin in the game.
Others will pay 5%.
Others 10%.
The highest tax bracket Trump has talked about is 15% -- how awful is that?
1-5-10-15. That's it. Trump wants it to be simple enough to fit on a postcard. No loopholes. Nothing for a clever accountant to latch on to.
If other candidate in the GOP can come up with a better plan, I'm all ears. But so far, I hear mostly crickets.
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