Posted on 08/31/2015 1:28:22 PM PDT by rickyrikardo
In recent weeks, Mr. Trump has threatened to impose tariffs on American companies that put their factories in other countries. He has threatened to increase taxes on the compensation of hedge fund managers. And he has vowed to change laws that allow American companies to benefit from cheaper tax rates by using mergers to base their operations outside the United States.
Alarmed that those ideas might catch on with some of Mr. Trump’s Republican rivals — as his immigration policies have — the Club for Growth, an anti-tax think tank, is pulling together a team of economists to scrutinize his proposals and calculate the economic impact if he is elected.
“All of those are anti-growth policies,” said David McIntosh, the president of the Club for Growth, a group that Republican candidates routinely court. “Yes he’s a businessman, but if those are the policies he implements, they’ll drive the economy into the ground and we’ll see huge drops in G.D.P., and frankly I think it would lead to massive loss of jobs.”
(Excerpt) Read more at nytimes.com ...
I’m for a flat tax that charges the same rate on income whether it’s earned by labor or by investment. I don’t see why the government should punish or encourage one more than the other. They shouldn’t be in the business of engineering the economy or picking winners and losers.
Some of the loopholes these companies go through to get their operations based offshore look like ridiculous accounting gimmicks. I don’t know what the cause or solution to that is, but it should not be happening. However, I don’t understand why a “company” should be taxed at all. When income goes to an individual, that’s what should be taxed. If a company earns revenue or profits, why should that be taxes before it is paid out to an individual? If that’s what the corporate tax rate is, them it should be abolished.
SIGGGGGGGGHHHHHHH....
Trump is asking for a tax structure which is MUCH lower than the present one, albeit still internally progressive. As in 15% max. The “rich soaking” is relative within that structure. It is something like a 50% tax CUT compared with present rates.
He is taking a daring bet on Laffer curve theory (he’s actually been advised by Art Laffer).
“I agree with Trump. Tax increases are not always bad.”
Tariffs were extremely effective for the United States in the 19th Century. They protected fledgling US industry from dumping by European manufacturers. In fact the high tariffs fully funded the federal government. During that period of high tariffs the US went from a primitive agricultural nation to the most powerful industrial economy in the world. It developed a strong middle class and the highest standard of living for its people.
Contrast with the modern era. Since 1990 when “free trade agreements” resulted in the elimination of tariffs, and offshoring of much of US manufacturing, the standard of living for the average American family has declined, wealth disparity has increased, and the middle class has shrunk.
You need to wake up to history, the founding fathers were protectionist extraordinaire.
That's silly. If a country is doing a better job producing great products that Americans want to buy, and hence we import more from them than they do from us, neither we nor they should be punished for it.
If a country puts up tariffs to punish us, then it's okay to use tariffs against them in retaliation, but with the hope that they would back down and we could get rid of all the tariffs.
We don’t have a deficit/debt problem in this country because we aren’t taxed enough. It’s because government spends too much. End EVERY transfer of funds to individuals, no matter how “vital” it may seem. It’s stealing, pure and simple.
When it comes down to it, a Free Traitor™ will always choose individual income taxes over tariffs and/or a NRST.
News flash, every country (except Singapore) places protective tariffs on imports from the USA.
My comment was based on the content of the posts on this thread. Not on any detailed analysis of Trump’s plan.
Donald Trump explained that the flat tax doesn’t work.
““I don’t like where everybody’s paying the same. If I make a billion dollars, and somebody else is making a hundred, and he’s paying ten dollars and I’m paying — to me, I don’t know. I like somewhat of a graduation.”
Anything that helps middle class taxes annoys the republican elites. They love the cheap labor express of legal & illegal immigrants, H1-B visa’s increased 5-fold, and tax cuts for the top 1%.
A person making $100 per week needs that $10 for food money. If you tax him $10, then he will get more in food stamps to make up.
Whose growth - the greedy? A middle class Trump will let me vote Republican again.
“Congress is not empowered to tax for those purposes which are within the exclusive province of the States.” —Justice John Marshall, Gibbons v. Ogden, 1824.
So patriots who support Trump need to get him up to speed on Congress’s limited power to appropriate taxes and work with patriots to exercise their voting muscle to peacefully force corrupt Congress back into its Section 8-limited power cage.
Note that a big part of the reason for unconstitutional federal government spending is the following imo. The corrupt, post-17th Amendment ratification Senate is not doing its job to protect the states, as Founding States had intended for it to do, by not killing unconstitutional House appropriations bills, bills which Congress cannot justify under Section 8.
The ill-conceived 17th Amendment needs to disappear, and corrupt senators along with it.
Not me! We cannot, and never could, compete with third world slave labor controlled by corrupt Marxist dictators. Personally, I am all in favor of raising tariffs to level the playing field. Indeed, in the interest of national defense, we need to do so. What do you think is going to happen if we are ever forced into another world war with our industrial infrastructure gone? What we have done is utter insanity. The sooner we bring our industrial base back, put our own people back to work, and protect our own markets the better. There will come a point when this drain of capital and infrastructure will destroy us, we are already quite crippled.
The establishment GOP has absolutely no credibility on this issue anymore.
***************
The establishment GOP has no credibility on ANYTHING anymore.
i’ll take my chances...
A little history lesson: If you don’t know the answer make your best guess Answer all the questions before looking at the answers. Who said it?
1) “We’re going to take things away from you on behalf of the common good.”
A. Karl Marx
B. Adolph Hitler
C. Joseph Stalin
D. None of the above
2) “It’s time for a new beginning, for an end to government of the few, by the few, and for the few and to replace it with shared responsibility for shared prosperity.”
A. Lenin
B. Mussolini
C. Idi Amin
D. None of the Above
3) “(We) ... can’t just let business as usual go on, and that means something has to be taken away from some people.”
A. Nikita Khrushev
B. Josef Goebbels
C. Boris Yeltsin
D. None of the above
4) “We have to build a political consensus and that requires people to give up a little bit of their own ... in order to create this common ground.”
A. Mao Tse Dung
B. Hugo Chavez
C. Kim Jong Il
D None of the above
5) “I certainly think the free-market has failed.”
A. Karl Marx
B. Lenin
C. Molotov
D. None of the above
6) “I think it’s time to send a clear message to what has become the most profitable sector in (the) entire economy that they are being watched.”
A. Pinochet
B. Milosevic
C. Saddam Hussein
D. None of the above
Answers:
(1) D. None of the above. Statement was made by Hillary Clinton 6/29/2004
(2) D. None of the above. Statement was made by Hillary Clinton 5/29/2007
(3) D. None of the above. Statement was made by Hillary Clinton 6/4/2007
(4) D. None of the above. Statement was made by Hillary Clinton 6/4/2007
(5) D. None of the above. Statement was made by Hillary Clinton 6/4/2007
(6) D. None of the above. Statement was made by Hillary Clinton 9/2/2005
Be afraid. Be very, very afraid and vote
Anybody (woman) that would vote for her just because she has a vagina and they think it’s time for a female president has got to be out of their lunatic mind!
You must be playing ostrich. Trump has proposed lowering corporate taxes. I think tariffs on countries where the trade is uneven isn’t a bad idea.
“I agree with Trump. Tax increases are not always bad. “
If the scum of the country club sell out then by god they should shell out. No body denies that rich libs should pay more taxes but given the fecklessness, duplicity and out right treachery of our Republican C of C brainiacs obviously they are just as maybe even more deserving then the gentry libs.
Tax penalties for ditching American soil to exploit slave labor a bad thing? Since when?
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