Bleh. I take the Cruz version - a flat tax and cut the IRS down to nothing.
As if that would ever happen. No offense to Cruz, but he can’t even get one person to support him to defund Planned Parenthood. Not a single person.
Not bad, but I would prefer a flat rate around 10 - 15% and a break for those at or near minimum wage, say 7%. No loopholes, tax shelters and write offs for big shots, maximum 15% corporate rate, penalties for moving out of the country to avoid taxes or outsourcing jobs.
This is still not bad at all, and I heard someone today (don’t know who, I was half listening) who said Trump is also looking at ways to cut spending and trim fat, he’s a businessman after all, and that’s what he does. You don’t build a business like his by insane out of control spending...
That’s where I think he will make up the difference, people are still not paying enough attention to the fact that he is a businessman first, and cutting cost is one of his strongest suits.
Also, cutting corporate rates will tend to bring back jobs, I’d be willing to bet he will also try to reduce a lot of Obama’s business killing regulations too.
Trump also said he hashed this out with some of the best economists he could find.
Add that up and it starts to look like a better economy overall. Cut tax rates pretty much across the board, eliminate most of the ways to avoid paying anything at all, bring back jobs and incentive to expand, innovate and create jobs, cut back frivolous spending, and it starts to look pretty doable.
“Bleh. I take the Cruz version - a flat tax and cut the IRS down to nothing.”
That would be nice, but you would never get elected... Lower income people haven’t paid taxes in a generation, and are not going to vote for someone that proposes it. You need the votes of some of them to win.
I am with ya on that. I don’t understand why the Trump plan get more support than the more Constitutional plan of Cruz. We have one shot at a True Constitutional prez... Cruz understands the actual procedures and processes...
I am glad to finally see something in writing from Trump... Is the Jeb Bush comparison necessary?
Wouldn’t it be easier to say... You have two choices... End the IRS slavery and go flat... Or invoke RR and just put a bandaid on it. RR did well.. No doubt about it.. but we could do better and he would look down from heaven and say... Way to go... Don’t give those liars an inch.
RE: Bleh. I take the Cruz version - a flat tax and cut the IRS down to nothing.
A flat tax will not cut the IRS down to nothing. It will cut the IRS down, definitely, but won’t eliminate it.
And I am still waiting for Cruz’s tax plan.