Posted on 09/27/2015 6:40:19 AM PDT by RoosterRedux
Donald Trump will release his tax plan Monday morning, his campaign manager said Saturday.
Corey Lewandowski also told CNN that the plan will be published on Trump’s website.
On Wednesday, Trump said his plan will call for middle class tax cuts and hikes for hedge fund managers.
“(It) will be very long on policy and will be a great plan, with a major reduction in taxes for the middle class,” Trump said at a town hall meeting in Columbia, South Carolina, at the University of South Carolina.
Trump promised that his plan would be “great” for middle income residents and businesses, but not so much for hedge fund managers, who he has turned into political punching bags of late.
“It’s going to be very specific,” Trump said of his proposal. “And I think it’s going to be a plan that creates incentives, and I think it’s going to be a plan that makes people happy, other than maybe the hedge fund guys, who make hundreds of millions of dollars and pay very little tax. I mean, those guys will not exactly love me.”
(Excerpt) Read more at cnn.com ...
Ping
Love it or not, Trump’s plan should be directly compared against the detailed tax plans put forth by Jeb, Rubio and Fiorina.
I read where he has been in discussions with Art Laffer a while back. This will be interesting.
Jeb, Rubio and Fiorina have plans??
Whatever this plan is I can almost guarantee two things:
1) It not only will be superior to what we’ve had in decades and very growth oriented, and
2) It will be widely criticized as hurting women, minorities, and the homeless.
Are any of the other candidates held to this ‘be specific’ standard these days? Or just Trump?
Yeah, I thought so.
It’s gonna be YUUUUGE!
I think Trump worked with both Laffler (of Laffler Curve fame) and Steve Forbes, on ideas, particulars.
You can't win an election without giving your potential supporters someone to hate. We don't have massive, systemic political and economic problems that have been decades in the making. It's just those evil hedge fund guys, not paying their fair share!
I wonder how many voters even know what a hedge fund is and how it works. I can't give a definition off the top of my head ... I'd have to look it up.
“It’s going to be very specific,” Trump said of his proposal.
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It will lower taxes. lol
I like Trump, but I also like to hear how one plans to do something. So far he’s been vague on nearly everything. Time to up your game Mr. Trump. It will be good for your candidacy.
But he never releases any specifics. Waaaaaaahhhhhh. He’s all style no substance. Waaaaahhhhhhh.
(Just doing my media impression.)
I wonder how many voters even know what a hedge fund is and how it works.
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Its a very expensive financial mechanism and one that does not always produce good results. Not unlike our government.
Hey starbord....what “SPECIFICS” have these other Aholes put forth?...why is it that Trump is singled out?...BECAUSE HE IS SCARING THE S__T OUT OF THE CRIMINAL RACKET IN D.C. good for his campaign?....
Still doesn’t seem to be any reason to believe that this “plan” will be anything but another variation on the graduated income taxes of Marx and Engels.
In other words, it won’t really solve much of anything.
If a tax plan doesn’t treat every American fairly and equally, I’m not interested.
If it targets some for increased burdens, and panders to “the middle class,” it’s really nothing but more class warfare and social engineering.
A hedge fund is an investment vehicle and a business structure that pools capital from a number of investors and invests in securities and other instruments.[1] It is administered by a professional management firm, and often structured as a limited partnership, limited liability company, or similar vehicle. Hedge funds are generally distinct from mutual funds as their use of leverage is not capped by regulators and distinct from private equity funds as the majority of hedge funds invest in relatively liquid assets.
[...]
While hedge funds have existed for many decades, they have become increasingly popular in recent years, growing to be one of the world's major investment vehicles and sources of capital.
Their status as tax-villains seems to have been achieved by their taking advantage of offshore domiciling in tax havens like the Cayman Islands.
“You can’t win an election without giving your potential supporters someone to hate.”
Trump emphasized that the plan would make people happy, not that it would give supporters someone to hate. Most of us support Trump because he gives us some optimism that things will change; we are not interested in hate; hate will not repair what needs to change. Most of us ARE already angry. Just mention Boehner, McConnell, gutless politicians, etc.
Kind of a modified Laffer plan.
But someone MUST address the offshore $$ caused by the higher corporate tax rates (highest in the world). If he does that, he would simultaneously bring in $2 TRILLION that could be applied to debt, and rejuvenate American business.
No financial mechanism always produces good results, but most produce good results often enough to stay in business. The ones that don’t are gone.
Unlike our government ... unlike any government ...
There wasn't any need to emphasize: just point.
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