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Donald Trump Is Proposing The Biggest Tax Cuts Since Ronald Reagan's Presidency
Fortune Mag. ^ | Aug. 6, 2016 | Madeline Farber

Posted on 08/06/2016 1:39:45 PM PDT by Innovative

In a new economic blueprint that is set to unveil next week, Donald Trump will propose one of the biggest tax cuts since Ronald Reagan’s presidency, an advisor to the Republican Presidential nominee told Bloomberg.

The proposal will reiterate Trump’s plan to cut the corporate tax rate to 15%, Stephen Moore, who is the chief economist for the Heritage Foundation, and of one of the men on Trump’s 13-member economic advisory team that the Republican presidential candidate announced Friday, said.

(Excerpt) Read more at fortune.com ...


TOPICS: Front Page News; News/Current Events; Politics/Elections
KEYWORDS: 2016issues; elections; heritagefoundation; reagan; taxcuts; taxes; trump; trumpeconomy
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Well, Trump wants to cut taxes, Hillary wants to raise them.

It should not be hard to decide for whom we should vote -- along with all the other big differences between the two candidates.

1 posted on 08/06/2016 1:39:45 PM PDT by Innovative
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To: Innovative

But liberal voters WANT to pay taxes. Remember a few days ago Hitlery said in her speech she plans to raise taxes by $1.3 trillion and everyone in the audience cheered? “Yippeeee! Giving 1/3rd of what I make to the government so they can give it to terror sponsoring countries is SOOOOO awesome!”


2 posted on 08/06/2016 1:45:58 PM PDT by GrandJediMasterYoda (By His wounds we are healed.)
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To: Innovative

The talking point for tomorrow will be along the lines of “How will he PAY for it!”.


3 posted on 08/06/2016 1:46:24 PM PDT by bubbacluck (America 180)
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To: Innovative

Clintoon’s head just exploded! Quick! Somebody get a bottle of Scotch!


4 posted on 08/06/2016 1:47:13 PM PDT by FlingWingFlyer (Let's Make Our Government and Founding Documents Great Again!)
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To: bubbacluck

One answer:

Cut all the BS out of the federal government....


5 posted on 08/06/2016 1:48:31 PM PDT by JBW1949 (I'm really PC....PATRIOTICALLY CORRECT!!!!)
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To: Innovative

I hope Trump is wary of Stephen Moore, he is in favor of cheap labor importation.


6 posted on 08/06/2016 1:48:36 PM PDT by Lurkinanloomin (Know Islam, No Peace - No Islam , Know Peace)
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To: Innovative

The tax cuts are a BIG WINNER!


7 posted on 08/06/2016 1:49:36 PM PDT by Biggirl ("One Lord, one faith, one baptism" - Ephesians 4:5)
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To: Innovative

Republicans in congress will insist on “pay-fors”. These tax cuts while terrific and classy, will enlarge the deficit enormously.


8 posted on 08/06/2016 1:49:37 PM PDT by babble-on
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To: All

He’ll create private sector jobs and eliminate government excess trash....


9 posted on 08/06/2016 1:49:42 PM PDT by JBW1949 (I'm really PC....PATRIOTICALLY CORRECT!!!!)
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To: Innovative

He needs to promote this


10 posted on 08/06/2016 1:50:19 PM PDT by GregoTX
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To: babble-on

Not if he leans government down...Which it badly needs....


11 posted on 08/06/2016 1:50:34 PM PDT by JBW1949 (I'm really PC....PATRIOTICALLY CORRECT!!!!)
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To: bubbacluck

“How will he PAY for it!” By saying to a bunch of fed supposed-workers “you’re fired!”, then closing down/eliminating some of the alphabet agencies they worked for...


12 posted on 08/06/2016 1:51:10 PM PDT by Texan5 ("You've got to saddle up your boys, you've got to draw a hard line"...)
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To: babble-on

Remember...Trump is NOT a “professional politician”.....


13 posted on 08/06/2016 1:51:11 PM PDT by JBW1949 (I'm really PC....PATRIOTICALLY CORRECT!!!!)
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To: FlingWingFlyer

Looking forward to this unveiling next week and watching libs heads explode.


14 posted on 08/06/2016 1:52:44 PM PDT by TADSLOS (Vote Trump. Defeat the Clinton Crime Syndicate. Reset America.)
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To: Innovative
Liberals want COMPANIES to pay taxes because they are rich, rich, rich and have tons of unused money laying around and is better off distributed to the people.
They never seem to get that corporate taxes makes products more expensive, reduces international competitiveness and it's money that can never show up in your paycheck.

15 posted on 08/06/2016 1:54:08 PM PDT by BitWielder1 (I'd rather have Unequal Wealth than Equal Poverty.)
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To: GregoTX

Trump needs something quick and catchy, to explain the basic concept of his tax plan for the public. The best example I can think of is Herman Cain’s “999” plan. He didn’t last long as a candidate, but his taxation plan did get a lot of air time. It was both catchy and fiscally sound. Cain’s lack of existing foreign policy helped to do him in. Plus, of course Ginger White, who seems to have disappeared ever since then.


16 posted on 08/06/2016 1:54:41 PM PDT by lee martell
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To: lee martell

Proposing tax cuts are all well and good. But you’d better have spending cuts to go along with them.


17 posted on 08/06/2016 1:55:26 PM PDT by dfwgator
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To: Innovative

>>Although he did not specify a timeline, Trump has managed to whittle down the cost in terms of lost tax revenue by about two-thirds, to $3 trillion, Moore said.<<

“Lost tax revenue” is a nonsensical term; one having meaning only to the court jesters in Versailles on the Potomac. Reducing taxes is NOT a cost to government. It has been proven time and again that reducing taxes results in economic growth.


18 posted on 08/06/2016 1:56:37 PM PDT by NTHockey (Rules of engagement #1: Take no prisoners. And to the NSA trolls, FU)
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To: dfwgator

There’s a first time for everything.


19 posted on 08/06/2016 1:58:36 PM PDT by Wolfie
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To: bubbacluck

Bingo!!

Estimates for tax fraud losses are 70 to 100 billion.

Welfare and SNAP slashing (except for the SICK and ELDERLY) could save another 50 billion.

Deciding what REALLY constitutes mental illness for SSDI could probably save 50 billion. I was in psych ward after brain injury for depression a few weeks and EVERY person in there needed SS and SNAP, the average person going to a shrink, not so much.

There’s plenty to cut.

BTW, there isn’t a deep enough depression in the WORLD that would make me go to a psych ward again!!!! Poor people.


20 posted on 08/06/2016 2:01:10 PM PDT by dp0622 (The only thing an upper crust conservative hates more than a liberal is a middle class conservative)
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