Posted on 01/29/2016 1:23:39 PM PST by Citizen Zed
For a man who is running to "make America great again," Donald Trump's tax plan is exceedingly expensive. According to an analysis by the Tax Foundation, Trump's plan would add trillions to the national debt, more than the current sum added after seven years of President Obama's policies (via Weekly Standard):
When Barack Obama took office, America's national debt was $10.6 trillion. It's now $19.0 trillion -- an increase of $8.4 trillion in just seven years, or $1.2 trillion per year. One of the key reasons the Tea Party movement was founded was out of frustration with this skyrocketing debt. Yet Republican presidential candidate Donald Trump's proposed tax plan would increase the national debt by $10.1 trillion, according to scoring by the nonpartisan Tax Foundation.
(Excerpt) Read more at townhall.com ...
I like Cruz too. In the beginning, I was leaning towards Gov. Walker. I like that he has withstood tough odds to accomplish what he’s accomplished.
My problem with Cruz is the eligibility factor. He’s eligible but that won’t matter if he gets the nomination. The hellfire that will rain down on him from the Democrats and the news media will be relentless. He’ll end up spending half his time answering the same questions about this “controversy” to the detriment of his own message getting out to the public. Cruz has yet to prove he is capable of going over the heads of the media. I don’t like his chances.
I would love to see him remain in the Senate to raise hell and push the right agenda there. He already has that gig.
Mad at illegals ?? : He will deport them all
Worried because you need them to paint your house and cut your lawn? :
He will bring them back
Don beats them all.
Trump: Living rent free in your head since 2015!
This wasn't an issue (and to me is not because despite where he was born, his mother was a natural born US citizen and registered his birth with the US consulate in Canada - under this concern no one born overseas to at least one natural born parent would be a US citizen) until Trump made it one AFTER saying his lawyers looked into it and it wasn't an issue. Fear factor stuff.
If.....this is your main concern then I can see your apprehension in supporting him BUT if he has the same principles as you do and a record of defending them then the lawsuit thing would be a pure afterthought.
Walker is a good man and despite his leaning toward amnesty would still probably have made a formidable candidate had his funds not dried up. He was a tad lazy it seemed, like Fred Thompson was.
Trump has done wonders in bringing major issues to the fore and exploiting them not only for his benefit, but that of the country.
I can't back him now as there is a true Conservative in the race, but I can against any Liberal on the planet.
You want to redefine Conservatism to squeeze a non-Conservative like Trump into the box, it's a free will thing.
The principles aren't living and breathing no matter how popular the candidate may be.
So you are for a VAT Tax?
Its a GOP tradition to promise to cut taxes without any near parity in spending cuts, as with Dems promising increasing spending without near parity tax increases(as Sanders is doing now) . Trump just does every-thing bigger than the others esp BS.
But what we should have learned from GWB is that he couldn't get his tax cuts past a Senate filibuster so the GOP Senate used budget resolution to cut them with a simple Senate majority.
The drawback was they expired 10 years later at the end of 2012.
Recall all the fuss here cursing at Boehner because he only got most of those tax cuts extended signed by Obama, instead of all?
Recall all those here claiming they raised taxes by extending only SOME of the Bush tax cuts? All goes back to how they got passed in the Senate
That was what it was about.
OH,,worse yet 2017 (2016 )might just bring a Dem controlled Senate.
Expect a beating this fall in the Senate races
That would be NO real tax cuts, Trump or no Trump.
This makes me laugh, Trumps plan is essentially the same as Ronald Reagan’s. He must have been a progressive too.
But I think it's not the best way to pitch it despite the flat aspect to it. I think (hope) if he were to become president he would modify it be a simple flat tax. Right now he's riding Laffer’s endorsement on it from the growth aspect but the reality it the same can be accomplished if he simply defined it as a business tax and enforced it as such.
Meaning he won’t reduce the size of government.
Perhaps you're both!
Whom do YOU support?
Are you sure that you can trust him? And if you do, WHY ?
Cruz's plans change as the winds blow and then he LIES about what he says earlier.
Have you ever read Trump's tax plan?
Trump IS a CONSERVATIVE, as opposed to many of the other arrogant, ambitious, power hungry candidates.
This is getting truly insane. :-(
Yup. These morons never heard of “The Laffer Curve” nor ever studied famed economist Milton Friedman’s writings on the topic.
Vote for Bernie...get free chit.
Aside from that, all the bashers tout themselves as economic and financial geniuses who think his daughter is an ugly bimbo too..
Yes, for some reason Sen. Cruz’s VAT tax hasn’t gotten much publicity. VAT taxes are a terrible idea.
Regardless of how the tax is collected, it has exactly the same effect. Practically speaking, in order to get compliance the tax will either have to be collected at the time of sale or provision of service, or there will have to be an elaborate enforcement scheme.
And remember, a "business" tax is a personal tax for every self employed person, and most small business owners. And the customer will most certainly have to pay the 16%, since the seller or service provider will owe the 16% as soon as the transaction is completed.
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