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Keyword: taxreform

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  • Fantasy Math Is Helping Companies Spin Losses Into Profits

    05/01/2016 12:18:04 PM PDT · by Lorianne · 11 replies
    New York Times ^ | 22 April 2016 | GRETCHEN MORGENSON
    Companies, if granted the leeway, will surely present their financial results in the best possible light. And of course they will try to persuade investors that the calculations they prefer, in which certain costs are excluded, best represent the reality in their operations. Call it accentuating the positive, accounting-style. What’s surprising, though, is how willing regulators have been to allow the proliferation of phony-baloney financial reports and how keenly investors have embraced them. As a result, major public companies reporting results that are not based on generally accepted accounting principles, or GAAP, has grown from a modest problem into a...
  • E.J. Dionne: In American politics, stupidity is the name of the game (Need to Tax the rich more)

    07/29/2010 7:42:56 AM PDT · by SeekAndFind · 21 replies
    Washington (Com)Post ^ | 07/29/2010 | E.J. Dionne Jr.
    Can a nation remain a superpower if its internal politics are incorrigibly stupid? Start with taxes. In every other serious democracy, conservative political parties feel at least some obligation to match their tax policies with their spending plans. David Cameron, the new Conservative prime minister in Britain, is a leading example. He recently offered a rather brutal budget that includes severe cutbacks. I have doubts about some of them, but at least Cameron cared enough about reducing his country's deficit that alongside the cuts he also proposed an increase in the value-added tax, from 17.5 percent to 20 percent. Imagine:...
  • "The Forgotten History of the Federal Income Tax"

    04/25/2016 8:41:36 AM PDT · by Oldpuppymax · 17 replies
    The Coach's Team ^ | 4/25/16 | Susan Frickey
    “The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration.” – The 16th Amendment, Ratified 1913 The birth of the income tax! Prior to 1913, the constitutionally limited responsibilities of the federal government were generally covered by import tariffs. Occasionally, temporary taxes were imposed to pay for wars, but were to be apportioned by the states and could not be direct, personal taxes, according to the Constitution in Article I, sections 2 and 9. W. Cleon Skousen wrote a very...
  • NBC Pushes Trump to the Left on Transgender Bathrooms, Abortion, Taxes

    04/21/2016 10:27:35 AM PDT · by TexasCajun · 64 replies
    NewsBusters.org ^ | April 21, 2016 | Kyle Drennen
    Trump acknowledged that he “had a feeling that question was going to come up” and proceeded toe the liberal line of political correctness: “Well, look, North Carolina did something that was very strong and they're paying a big price and there's a lot of problems....People go, they use the bathroom that they feel is appropriate. There has been so little trouble.” ... Fellow co-host Savannah Guthrie turned to the subject of abortion: “The Republican platform, every four years, has a provision that states that the right of the unborn child shall not be infringed. And it makes no exceptions for...
  • Harvard Law activists demand free tuition as a matter of racial justice

    04/20/2016 2:38:23 PM PDT · by PROCON · 43 replies
    washingtontimes ^ | April 20, 2016 | Jessica Chasmar
    A group of Harvard Law School activists are demanding the graduate school do away with tuition fees, which they argue are “racially biased.” Members of the group Reclaim Harvard Law School published an open letter Sunday addressed to Law School Dean Martha L. Minow and members of the Harvard Corporation — the University’s highest governing body — demanding an end to tuition costs that they argue impose an unfair financial burden on students of color, The Harvard Crimson reported. Tuition at the law school will rise to $59,550 for the 2016-2017 academic year, and students are graduating with an average...
  • There's an even better solution to poverty than a $15 minimum wage (Basic universal income)

    04/20/2016 2:16:51 PM PDT · by 2ndDivisionVet · 33 replies
    Tech Insider ^ | April 20, 2016 | Chris Weller
    Bernie Sanders and Hillary Clinton spent a great deal of time debating the merits of raising the minimum wage at the last Democratic debate on April 14. Sanders, ever the radical, stood behind the popular $15 minimum wage figure that will soon take hold in California and New York. Clinton, who's long pushed for $12, updated her position in support of $15 figure. Both could be misguided. While raising the minimum wage does make sense on paper — working people need to make more to survive than they can on today's minimum wage, so we should give them more money...
  • 45% of Americans pay no federal income tax

    04/18/2016 1:50:30 PM PDT · by george76 · 49 replies
    MarketWatch ^ | Apr 18, 2016 | Catey Hill
    An estimated 45.3% of American households — roughly 77.5 million — will pay no federal individual income tax ... The top 1% of taxpayers pay a higher effective income-tax rate than any other group (around 23%, according to a report released by the Tax Policy Center in 2014) — nearly seven times higher than those in the bottom 50%. On average, those in the bottom 40% of the income spectrum end up getting money from the government. Meanwhile, the richest 20% of Americans, by far, pay the most in income taxes, forking over nearly 87% of all the income tax...
  • Why Tax Reform Is Forever Doomed

    04/18/2016 9:06:11 AM PDT · by SeekAndFind · 33 replies
    RCM via Washington Post ^ | 04/18/2016 | Robert Samuelson
    WASHINGTON - Almost everyone agrees that America's income tax is too complex. Considering this, you might expect that simplifying the income tax would be a slam dunk. Sure enough, the various presidential candidates have proposed sweeping overhauls. But any agreement is mostly rhetorical. The odds that the next president, whoever it be, will engineer genuine tax simplification are negligible. On this Tax Day, it's worth pondering why. Make no mistake: I think we'd be better off with a simpler system. By this, I mean a system with a broader tax base and lower rates. I'd eliminate most tax preferences and...
  • Steve Forbes: Obama Ratchets Up War on Private Sector

    04/15/2016 3:33:34 AM PDT · by HomerBohn · 15 replies
    News Max ^ | 4/14/2016 | R. Williams
    President Barack Obama is making sure that his administration spends its last days in power by piling on more rules and regulations on private industry, and Republicans have failed to push back. That’s the message from publisher Steve Forbes in a magazine editorial published on its website. “The Obama Administration has let it be known that the White House and the regulatory agencies will be issuing a blizzard of new rules and decrees in the waning months of his miserable regime,” Forbes writes. “These will affect overtime, unionization, the environment and finance, among other areas, thereby hobbling enterprise even more.”...
  • Mad At Corporate Tax Dodgers? Blame Democrats

    04/15/2016 4:21:02 AM PDT · by IBD editorial writer · 9 replies
    Investor's Business Daily ^ | 4/14/216 | Staff
    Tax Reform: The left is aghast that more than 20% of large, profitable corporations paid zero income taxes. But it’s the Democrats’ own tax policies that have created this odd situation.
  • David Cameron should 'resign immediately' after admitting he trousered profits from Dad's...

    04/07/2016 6:13:57 PM PDT · by SunkenCiv · 29 replies
    Mirror UK ^ | Thursday, April 7, 2016 | Mikey Smith , Jack Blanchard
    MPs have called for the Prime Minister to 'resign immediately' after being 'less than honest' about profiting from his Dad's offshore firm. MPs have demanded David Cameron's immediate resignation, after being "less than 100% honest" about profiting from his father's offshore fund. The Prime Minister finally cracked tonight after days of dodging questions over whether he had personally profited from his late father Ian’s investment firm, which was based in a tax haven in the Bahamas. He admitted owning thousands of shares with wife Sam which he flogged for Ł30,000 just weeks before he became Prime Minister.
  • Senate Dem: National debt is not 'a threat to our country'

    04/07/2016 3:49:49 AM PDT · by kevcol · 35 replies
    The Washington Examiner ^ | April 6, 2016 | Joel Gehrke
    Senate Democrats on Wednesday couldn't agree that federal debt is a national security problem, in a hearing aimed at assessing the long-term strategic implications of the government's $19 trillion debt. "A realistic discussion about it, and accepting expert opinion that this debt that we have is not actually right now a threat to our country, is I think a more realistic and honorable way of talking to the American people about it," Sen. Ed Markey, D-Mass., said during a Senate Foreign Relations Committee hearing on Wednesday. That surprised committee chairman Bob Corker, who concluded the hearing by describing such views...
  • Russia flexes Central Asia military might amid Afghan fears

    05/17/2015 4:09:32 AM PDT · by Paid_Russian_Troll · 18 replies
    AFP/Yahoo ^ | Akbar Borisov with Chris Rickleton in Bishkek
    Russia has deployed hundreds of troops for drills in Central Asia with its ex-Soviet allies in a show of force as anxiety grows over a surge in fighting in neighbouring Afghanistan. Around 2,500 personnel from the Russian-led Collective Security Treaty Organisation (CSTO) are taking part in joint exercises due to run to Wednesday in Tajikistan. The move is seen as re-enforcing Moscow's role as the main guarantor of the fragile region's security after US troops leave Afghanistan. The Russian deployment of about 500 troops for the drills started last week, bolstered by soldiers from Tajikistan, Kazakhstan, Kyrgyzstan, Armenia and Belarus....
  • Why Is America Richer than Kazakhstan, and Why Has Estonia Surpassed Croatia?

    05/04/2015 9:12:26 AM PDT · by Kaslin · 6 replies
    Townhall.com ^ | May 4, 2015 | Daniel J. Mitchell
    Even small differences in economic growth make a big difference to living standards over time. I frequently share this chart, which highlights how long it takes to double economic output based on different growth rates. I also use real-world examples to show how some nations become much richer than other nations within just a few decades because of better policy and faster growth.HereÂ’s another way to approach the issue. LetÂ’s use a hypothetical example to reinforce the importance of growth. If we went back to 1870 and assumed our economyÂ’s nominal growth rate was one percentage point slower than it...
  • Russian Federation Stirring pro-Russian Separatism in the Republic of Kazakhstan

    04/04/2016 7:19:17 AM PDT · by Leo Carpathian · 11 replies
    InformNapalm ^ | 04/04/2016 | Falcon Bjorn
    The political and military environment in Kazakhstan is deteriorating due to the efforts of pro-Russian activists. The activities of pro-Russian movements in Kazakhstan indicate a tremendous growth of the threat to the acting authority, which emerged in the last 18 months. Currently, Kazakhstan is ready for the repeat of the “Crimean scenario”. It could be triggered by domestic problems in the Russian Federation or a sudden change in the state regime of Kazakhstan. Such threats to Kazakhastan are driven both by its citizens, who are coming home having obtained combat experience in Donbas region, and the increased activities of Cossack...
  • The Income Tax: Root of all Evil

    04/04/2016 7:08:53 AM PDT · by Taxman · 60 replies
    von Mises Institute ^ | 1954 | Frank Chodorov
    The Income Tax: Root of all Evil by Frank Chodorov Foreword THIS WAS, to be sure, "the home of the free and the land of the brave." Americans were free simply because the government was too weak to intervene in the private affairs of the people it did not have the money to do so and they were brave because a free people is always venturesome. The obligation of freedom is a willingness to stand on your own feet. The early American wanted it that way. He was wary of government, especially one that was out of his reach. He...
  • Cruz Plan: VATs Help Trade but Invite Corruption [aw!m vanity]

    04/04/2016 6:38:51 AM PDT · by Arthur Wildfire! March · 15 replies
    Cruz addresses a major reason for our trade deficit. However ... If something confuses people? It invites corruption. A handy rule of thumb in government. Are VATs confusing? Very. ~~~ Even explaining a VAT* is tough because there are many different kinds. Some alleged VATs aren't even VATs according to many. But I'll break it down into two categories: 1. A good VAT. 2. A bad VAT. ~~~ A Good VAT Senator Cruz proposes 'turning the tables' on Europe and other nations which are sneaking money back to corporations which give them jobs. In the nutshell, a good 'VAT' is...
  • Trump doubles-down on allies paying more for US protection, vows to repeal ObamaCare

    04/03/2016 6:10:02 PM PDT · by Innovative · 53 replies
    Fox News ^ | April 3, 2016 | Fox News
    Republican presidential candidate Donald Trump doubled-down Sunday night on his comments that the US should “do a better deal” with Japan, South Korea and other allies, saying they should pay more for America’s protection while taking a greater role in their defense — including building their own nuclear weapons "If you start raising that minimum wage, you're going to make a lot of our companies even more non-competitive," he said. Trump also delved into his plans to change the nation's tax code by "simplifying" it. He also renewed his promise to repeal ObamaCare — though he again wouldn’t offer specifics...
  • IRS Commissioner Admits Defeat - Due To Budget Squeeze IRS Now Poised To Lose $5 Billion Per Year

    03/26/2016 2:01:17 PM PDT · by Kid Shelleen · 59 replies
    Forbes ^ | 03/26/2016 | Josh Ungerman
    Gone are the days of sophisticated tax plans offered by international accounting and law firms to their wealthiest clients which the IRS, with the benefit of hindsight, categorized as “tax shelters”. So why is Commissioner Koskinen raising the flag upside-down in a signal of distress in March of 2016? Tax practitioners all around the country know exactly why. Too many taxpayers and a handful of unscrupulous “tax practitioners” are taking advantage of the almost absolute absence of tax enforcement by the IRS. Yes, “Joe the plumber” and other average taxpayers know that no-one is minding the store. What happens when...
  • Ted Cruz May Have Just Stepped into a Fight That Is Dividing NRA Members (Norquist)

    03/18/2016 2:11:01 PM PDT · by 2ndDivisionVet · 59 replies
    The Trace ^ | March 18, 2016 | Mike Spies
    His newest foreign policy advisor, Frank Gaffney, is a key player in the effort to remove Grover Norquist from the organization's board. Ted Cruz named Frank Gaffney his foreign policy advisor on Thursday, a move that threatens to involve the Republican presidential contender in a contentious fight to get the party's most prominent anti-tax advocate kicked off the National Rifle Association's board. Gaffney once worked for President Ronald Reagan's Department of Defense and now runs the Center for Security Policy, a hyper-conservative think tank that promulgates theories about a Muslim Brotherhood conspiracy to infiltrate the U.S. government. The Southern Poverty...
  • Sorry, Republicans, Ted Cruz is Lying About Abolishing the IRS

    03/04/2016 3:21:31 PM PST · by BlackFemaleArmyCaptain · 161 replies
    The Daily Banter ^ | 3/4/2016 | BOB CESCA
    It's America's favorite pander. Pledging to abolish the Internal Revenue Service is only slightly less attractive than promising unlimited, consequence-free sex with the partners of our choice. Nobody likes the IRS, and eliminating it entirely will surely resolve many, many sleepless nights for too many Americans, especially at this time of year. So, it's no wonder why Ted Cruz is promising to abolish the IRS. It's such a crucial aspect of his platform that he mentioned it twice during his Super Tuesday victory speech in Texas because, for middle-aged Republican voters, it's way better fapping material than naked pics of...
  • Buffett Rails Against Presidential Candidates Who Talk Down Economy

    02/27/2016 1:19:00 PM PST · by Hojczyk · 24 replies
    OANN ^ | February 27,2016 | Jennifer Ablan and Jonathan Stempel
    Warren Buffett bemoaned the “negative drumbeat” on the U.S. economy from presidential candidates in his annual Berkshire Hathaway Inc shareholder letter on Saturday, saying they are misleading Americans into believing their children will be worse off than they are. “It’s an election year, and candidates can’t stop speaking about our country’s problems (which, of course, only they can solve),” Buffett wrote, italicizing “they” for emphasis. As a result of their dour outlook on the U.S. economy, many Americans now believe that their children will not live as prosperously as they themselves do, the 85-year-old Buffett said. “That view is dead...
  • Mega-donors shy away from fight with Trump

    02/24/2016 5:00:43 AM PST · by McGruff · 42 replies
    POLUTICO ^ | February 23, 2016 | KENNETH P. VOGEL and ISAAC ARNSDORF
    As Donald Trump picks up momentum, the chances of a well-funded assault to block him from the Republican presidential nomination are dramatically dwindling, according to interviews with about a dozen donors and operatives who are appalled by the billionaire real estate showman's campaign. The party's elite donor class has mostly closed its checkbooks to groups dedicated to stopping Trump, while the outfits that have built massive reserves are increasingly deciding to forgo anti-Trump campaigns, despite widespread fears that he is making a mockery of conservatism and could undermine Republicans up and down the ballot. The deepest-pocketed operation on the right,...
  • Trump Lays Out Day One Presidential Priorities — Roll Back Obama Exec Orders, Knock Out ObamaCare

    02/24/2016 10:55:52 AM PST · by BlackFemaleArmyCaptain · 79 replies
    Breitbart ^ | 2/24/2016 | Jeff Poor
    Wednesday on ABC's "Good Morning America," Republican presidential front-runner Donald Trump told co-host George Stephanopoulos some of his first-day priorities should be elected president of the United States. Trump, coming off a win a night earlier in the Nevada Republican Caucus, said rolling back President Barack Obama executive orders, including one dealing with the border and immigration, repealing ObamaCare and taking care of the veterans would be his priorities. "Well, the first thing I'd do is knock out some of the executive orders signed by our president," Trump said. "Especially the one on the border where people are allowed to...
  • Tax Reform That Will Make America Great Again

    02/13/2016 10:19:42 AM PST · by UnwashedPeasant · 36 replies
    donaldjtrump.com ^ | unknown | Trump staff
    The Goals Of Donald J. Trump's Tax PlanToo few Americans are working, too many jobs have been shipped overseas, and too many middle class families cannot make ends meet. This tax plan directly meets these challenges with four simple goals: Tax relief for middle class Americans: In order to achieve the American dream, let people keep more money in their pockets and increase after-tax wages.Simplify the tax code to reduce the headaches Americans face in preparing their taxes and let everyone keep more of their money.Grow the American economy by discouraging corporate inversions, adding a huge number of new jobs,...
  • Why Warren Buffett Is a World-Class Con Man

    12/01/2015 10:28:57 AM PST · by Vigilanteman · 13 replies
    InvestmentU.Com ^ | 1 December 2015 | George Everett
    Polls regularly show that investor Warren Buffett is one of the most trusted men in America. What a crock. The man is an imposter, a four-flusher and a humbug. And I can prove it. If you’re skeptical, maybe that’s because - like mushrooms - you’ve been kept in the dark and fed a lot of horse manure. Too many people believe what they hear in the mainstream media. They listen to the lying politicians - that’s 98% of them - in both parties. And they swallow a lot of nonsense from self-styled investment “experts.” (I’ll have a lot more to...
  • H.L. Menckin and Tax Reform

    11/12/2015 11:50:38 AM PST · by Kaslin · 14 replies
    Townhall.com ^ | November 12, 2015 | Hank Adler
    "There is always a well-known solution to every human problem--neat, plausible, and wrong." This comes from H.L. Menckin. "There is always a politician trying to convince you that tax reform is easy, you should be able to do your taxes on a postcard and we should be able to abolish the IRS." This quote comes from me and I suggest this is proof that H.L. Menckin was right. Tuesday's economic debate on Fox provided various tax proposals including a flat tax, elimination of the estate tax, the postcard tax return and the abolishment of the IRS. Let's tend to these...
  • The Cruz Plan: Reagan Reenters the Republican Field

    10/31/2015 6:58:17 AM PDT · by Isara · 8 replies
    American Spectator ^ | 10.30.15 | Peter Ferrara
    Post-Obama tax reform for the 21st century. The Republican Party woke up new and fresh, and ahead of the curve, yesterday morning, leaving the Democrats stale and old back in the 20th century (Keynesian 1930s), if not the 19th (1870s, when Marx was new and cutting edge).History books will note the turning point of the 2016 election as the evening of October 28, 2015. At the Republican debate that night in Colorado, Texas Senator Ted Cruz emerged from the Republican Presidential field as the modern 2016 embodiment of Ronald Reagan.The tax reform plan he unveiled at that debate is as...
  • As Speaker, Paul Ryan Can Finally Get Tax Overhaul Done

    10/28/2015 2:12:08 PM PDT · by afraidfortherepublic · 24 replies
    Wall Street Journal ^ | 10-28-15 | Mark Bloomfield
    Washingtonians agree almost universally on two political phenomena: The House Republican conference is ungovernable, and tax reform is dead That was yesterday. In a matter of days we will have Speaker Paul Ryan, whose track record shows a man that may make the impossible happen. This is based on three key assets. 1. Passion. With a vice presidential candidacy already under his belt, Rep. Paul Ryan declined to run for president in 2016 to devote all of his energy as chairman of the House Ways and Means Committee to his long-time true passion – tax reform. His passion derives from...
  • Donald Trump's wild claim: Unemployment is 42%

    09/28/2015 5:47:46 PM PDT · by 2ndDivisionVet · 93 replies
    CNN Money ^ | September 28, 2015 | Heather Long
    The official U.S. unemployment rate is 5.1% -- the lowest in seven years -- but Donald Trump calls that a "joke." On Monday, he claimed he'd seen numbers that show America's real unemployment rate is as high as 42%. How does he arrive at such a wild figure? Trump appears to be looking at the number of American adults not working. Period. Out of about 251 million American adults, roughly 102 million -- or 40.6% -- aren't working. But, of course, there are a lot of reasons people don't work. They could be disabled, in college, at home raising kids...
  • Trump: Unemployment Rate As High As 40%

    09/28/2015 11:05:48 AM PDT · by TigerClaws · 80 replies
    At Trump Tower, only a few blocks away from the meeting of world leaders at the United Nations, GOP presidential frontrunner Donald Trump announced his new plan to reform the U.S. tax code. After the main announcement, he took questions from the press. On how his plan would address income inequality: TRUMP: In terms of income inequality, we're going to create a lot of jobs. You know, right now we have a false [unemployment rate] 5.4%, 5.3%, 5.6%, every month it is different. It is such a phony number. Because when people look and look and look and then they...
  • Strange bedfellows: Donald Trump and the white working class

    08/23/2015 9:05:46 PM PDT · by 2ndDivisionVet · 68 replies
    Reuters ^ | August 23, 2015 | Justin Gest
    Republican presidential candidate Donald Trump clearly prides himself in shunning focus-group research. He refuses big campaign donations that he asserts make his opponents beholden to special interests. He seems to target no specific constituency. Many pollsters remain puzzled by Trump’s political appeal. “Republican support for Donald Trump just continues to grow,” said Patrick Murray, director of Monmouth Polling after its August survey, “with no clear sense of who his constituency really is.” Yet a constituency is emerging. Trump’s strongest supporters, roughly a quarter of Republican voters across the polls, are not dissuaded by any increased media scrutiny of their candidate....
  • Donald Trump Claims The 'Real' Unemployment Rate Is 18%. Here's What Wall Street Says.

    08/06/2015 11:47:59 AM PDT · by wtd · 52 replies
    Forbes ^ | August 6, 2015 | Dan Diamond
    Donald Trump Claims The 'Real' Unemployment Rate Is 18%. Here's What Wall Street Says.After Donald Trump announced his latest bid for the presidency, I reached out to get details on Trump’s plan to replace Obamacare, and posted that interview on FORBES last week. But for many FORBES readers, the most eye-catching part of the interview wasn’t Trump’s plan for health care. It was what the Trump campaign said about unemployment. “Mr. Trump believes that the real unemployment rate is over 18%, not the reported 5.5%,” a spokesperson told me. Trump’s distrust of the government’s job statistics isn’t new. In July,...
  • TAX REFORM THAT WILL MAKE AMERICA GREAT AGAIN

    09/29/2015 10:23:03 AM PDT · by WilliamofCarmichael · 18 replies
    TRUMP MAKE AMERICA GREAT AGAIN ^ | 9/28/2015 | Donald J. Trump
    This is a HTML LIST version of full text of TAX REFORM THAT WILL MAKE AMERICA GREAT AGAIN [Full text of Trump's Tax plan]. Personally I find it easier to get information when the entire document is in a kind of outline format. Hover underlined words for definitions.
  • Trump's zero-tax plan involves an ‘I win’ letter

    09/28/2015 10:27:15 AM PDT · by vbmoneyspender · 66 replies
    CNBC ^ | 9/28/2015 | Reuters with CNBC.com
    The plan calls for eliminating federal income taxes on individuals earning less than $25,000 and married couples earning less than $50,000. If you fall under the no tax bracket you'll get to send a one-page letter to the IRS that says "I Win," Trump said. But the plan would also benefit businesses and the rich.
  • Grading Trump’s tax plan (video - Fox Business)

    09/28/2015 10:58:46 AM PDT · by RoosterRedux · 43 replies
    Stuart Varney hosts Peter Morici, Charlie Gasparino, Grover Norquist. Video Link
  • Norquist Blesses Trump's Tax Plan, Brings 'Jobs, Jobs, Jobs'

    09/28/2015 10:00:05 AM PDT · by Helicondelta · 60 replies
    Republican presidential candidate Donald Trump's newly released tax plan was given a blessing Monday by the nation's biggest anti-tax advocate, Grover Norquist, who said it would produce "jobs, jobs, jobs." As Trump revealed his plan at a press conference, Norquist's influential Americans for Tax Reform released its review that Trump's plan is "consistent" with the advocacy group's "Taxpayer Protection Pledge." ATR said that the Trump plan overall budget neutral, and reforms some of the current tax code. On Twitter, Norquist wrote: "The @realDonaldTrump tax plan cuts business tax from 35% to 15%. This makes us competitive worldwide. Jobs. Jobs. Jobs."
  • Video: Donald Trump Unveils Tax Plan at Trump Tower

    09/28/2015 9:53:07 AM PDT · by JoeSeales · 44 replies
    Donald Trump ^ | 9-28-15 | Donald Trump
    September 28, 2015: At Trump Tower in New York City, GOP Presidential candidate and current front-runner Donald J. Trump unveiled his tax policy plan at a news conference.
  • Full Press Conference: Donald Trump Unveils His Tax Plan (9-28-15)

    09/28/2015 9:45:16 AM PDT · by Arthur McGowan · 25 replies
    YouTube ^ | 150928 | Donald Trump
    Visit https://www.donaldjtrump.com/position... to see the full plan September 28, 2015: At Trump Tower in New York City
  • Tax Reform That Will Make America Great Again

    09/28/2015 9:33:15 AM PDT · by GGpaX4DumpedTea · 16 replies
    Donald J Trump Website ^ | 9/28/2015 | Donald J Trump
    Tax Reform That Will Make America Great Again The Goals Of Donald J. Trump’s Tax Plan Too few Americans are working, too many jobs have been shipped overseas, and too many middle class families cannot make ends meet. This tax plan directly meets these challenges with four simple goals: 1.Tax relief for middle class Americans: In order to achieve the American dream, let people keep more money in their pockets and increase after-tax wages. 2.Simplify the tax code to reduce the headaches Americans face in preparing their taxes and let everyone keep more of their money. 3.Grow the American economy...
  • Trump officially unveils tax plan that would lower taxes for millions

    09/28/2015 9:27:50 AM PDT · by SeekAndFind · 29 replies
    AP via Yahoo News ^ | 09/28/2015 | By JILL COLVIN
    WASHINGTON — Republican presidential front-runner Donald Trump is calling for an overhaul of the tax code that would eliminate income taxes for millions of Americans, while lowering them for the highest-income earners and business. The plan unveiled Monday would eliminate federal income taxes on individuals earning less than $25,000 and married couples earning less than $50,000. But the plan would also benefit businesses and the rich. It would lower the corporate tax rate from 35 percent to 15 percent and lower the highest income tax rate from 39.6 percent to 25 percent. But Trump said the plan would also impact...
  • TAX REFORM THAT WILL MAKE AMERICA GREAT AGAIN

    09/28/2015 9:20:30 AM PDT · by DannyTN · 77 replies
    Donald Trump Official Campaign Site ^ | 9/28/2015 | Donald Trump
    The Goals Of Donald J. Trump’s Tax Plan Too few Americans are working, too many jobs have been shipped overseas, and too many middle class families cannot make ends meet. This tax plan directly meets these challenges with four simple goals: Tax relief for middle class Americans: In order to achieve the American dream, let people keep more money in their pockets and increase after-tax wages. Simplify the tax code to reduce the headaches Americans face in preparing their taxes and let everyone keep more of their money. Grow the American economy by discouraging corporate inversions, adding a huge number...
  • Trump Plan Cuts Taxes for Millions

    09/28/2015 8:18:50 AM PDT · by Helicondelta · 277 replies
    wsj.com ^ | Sept. 28, 2015
    Republican presidential candidate Donald Trump plans to unveil an ambitious tax plan Monday that he says would eliminate income taxes for millions of households, lower the tax rate on all businesses to 15% and change tax treatment of companies’ overseas earnings. Under the Trump plan, no federal income tax would be levied against individuals earning less than $25,000 and married couples earning less than $50,000. The Trump campaign estimates that would reduce taxes to zero for 31 million households that currently pay at least some income tax. The highest individual income-tax rate would be 25%, compared with the current 39.6%...
  • Donald Trump: Hey let’s tax the wealthy!

    09/28/2015 7:43:39 AM PDT · by SeekAndFind · 77 replies
    Hotair ^ | 09/28/2015 | Taylor Millard
    Donald Trump is expected to release his tax plan at some point today, but he let 60 Minutes in on a little sneak peak. There’s good news and bad news on the plan. Here’s the good news first. Donald Trump: I know. I know. I will say this, there will be a large segment of our country that will have a zero rate, a zero rate. And that’s something I haven’t told anybody.Scott Pelley: You’re talking about–Donald Trump: We’re talking about people in the low-income brackets that are supposed to be paying taxes, many of them don’t anyway.Scott Pelley:...
  • Trump press conference to release tax plan - live stream

    Live StreamIf you have a better live feed, please provide link.
  • Trump Says Tax Plan Will Be Good News for Everyone But Hedge Fund Managers

    09/28/2015 7:24:38 AM PDT · by TangledUpInBlue · 43 replies
    Yahoo Finance ^ | 9/28 | Michael Bender
    Criticized by Republican presidential rivals as having a loose grip on policy, Donald Trump will lay out a tax plan on Monday that he said will increase the burden on hedge fund managers, cut rates for corporations and the middle class, and eliminate payments for more of the poor.
  • Trump to release tax reform proposal on Monday

    09/27/2015 4:38:36 PM PDT · by Red Steel · 25 replies
    Hill ^ | September 27, 2015, 03:28 pm | Jonathan Easley
    Republican presidential front-runner Donald Trump will release a policy proposal outlining his ideas on tax reform on Monday. Trump will announce the proposed reforms at a press conference at Trump Tower in New York City. “Essentially, the plan is a major tax reduction for almost all citizens and corporations, in particular, those in the middle and lower income classes,” the Trump campaign said in a statement. “Likewise, a major beneficiary will be corporations and job producers, with an emphasis on businesses in the United States and bringing money back into the United States, which is locked in other countries (Corporate...
  • Donald Trump: Tax the Rich More

    08/28/2015 12:18:58 PM PDT · by z taxman · 170 replies
    CNN ^ | Aug. 28, 2015 | Heather Long
    Donald Trump is finally showing us more of his economic plan beyond the "Make America Great Again" slogan on his red hat. America has now learned: -- He wants to tax the rich more and the middle class less. -- He wants to lower corporate taxes. -- He wants to cut government spending and stop raising the debt ceiling. "The hedge fund people make a lot of money and they pay very little tax," Trump said in an interview Wednesday with Bloomberg. "I want to lower taxes for the middle class." In short, Trump is willing to raise taxes on...
  • Glenn Beck Goes Off: ‘I Was Diane Sawyer’s Little Bitch,’ ‘She Became A Bigot’

    08/01/2013 9:30:56 AM PDT · by Mozilla · 62 replies
    Mediaite ^ | , July 31st, 2013 | Andrew Kirell
    On his radio show this morning, Glenn Beck not-so-fondly recalls the time he was employed by ABC News and became Diane Sawyer‘s “little bitch” before their working relationship soured and “she became the biggest bigot I’ve ever seen.” According to Beck, during his brief stint as an ABC contributor, Sawyer was fond of him and would call him up frequently to discuss what sorts of ideas she had for improving television. “I was Diane Sawyer’s little bitch,” he told his co-hosts today, recalling how she’d call and e-mail him so frequently his wife became concerned. However, he alleged, Sawyer stopped...
  • GOP mission: Name 3,000 things after Reagan (Mount Reagan, Grover Norquist)

    05/14/2014 8:05:39 AM PDT · by EveningStar · 30 replies
    San Francisco Chronicle ^ | May 13, 2014 | Carolyn Lochhead
    Conservative activist Grover Norquist wants to name 3,000 things after Ronald Reagan. His next target is a small mountain in Democratic Sen. Harry Reid's home state. The would-be Mount Reagan, at 3,366 feet, is not nearly the highest peak in Nevada. But it does overlook Las Vegas and, as such, would remind all who visit and live there of the former two-term California governor who went on to become president and lodestar of the Republican Party.