Posted on 09/13/2017 1:54:15 PM PDT by nodwam
President Trump spoke after his bi-partisan meeting with members of congress and said that individuals in the middle class will definitely be receiving tax cuts, the corporate rate must be 15%, and the rich will either stay where they are or have a slight increase on their tax rate.
Wednesday morning Trump tweeted that congress must work swiftly in passing the tax reform package.
The approval process for the biggest Tax Cut & Tax Reform package in the history of our country will soon begin. Move fast Congress!— Donald J. Trump (@realDonaldTrump) September 13, 2017
"I think the wealthy will be pretty much where they are," Trump said at a meeting with lawmakers at the White House when a reporter asked if the rich will see higher tax rates.
"If we can do that, we'd like it. If they have to go higher, they'll go higher, frankly. We're looking at the middle class and we're looking at jobs," he added.
"More and more we're trying to work things out together, and it's a positive thing and it's good for the Republicans and good for the Democrats," Trump said.
Trump is doubling down on the 15% rate for corporations and 'focusing' on the middle class, but after meeting with democrats including Pelosi and Schumer the president appears to have conceded on any tax cut for the wealthiest Americans.
.@POTUS: “I think the wealthy will be pretty much where they are, pretty much where they are…If they have to go higher, they’ll go higher." pic.twitter.com/JVolMfxeTV— CSPAN (@cspan) September 13, 2017
They totally have bearing on your claim that the “Middle class is very narrow.” You used quintile average federal income tax paid to make it look like there are just a few people between those who pay no income tax at all and those who pay a whole lot of income tax.
What I didn’t point out then, but I will offer further here is that the top quintile number is itself misleading, because it averages the dollars from those who pay a huge amount with those who pay substantially less (e.g., are in just the 80 to 90 or 95% range).
And, yes, those numbers do have bearing on the correct view that the middle class is particularly tax burdened—which is why they are most likely to get relief in the individual cuts.
Levin claims the “rich” threshold Trump is speaking of is about $250 to $300K. Any truth in that?
If so, to hell with Trump as well.
That’s easier than cutting spending and the size of government........
How much will Trump supporters here take before it dawns on them what is going on?
Every small business I ever worked for was incorporated. And if Joe is making over 250K annual net profit on his flower stand and he’s not incorporated he should be. Incorporation protects your private assets from lawsuits against your business.
“And Reagan did it with a democrat-controlled House!”
In Reagan’s time, Democrats were Democrats. Now, they’re Socialists and Communists. A whole ‘nother breed.
FreeRegards.
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>> “Other FReepers have assured me that September 25, 2017 it all ends, except for the righteous.” <<
Which is total nonsense to anyone who reads Yehova’s word.
No “Anti-christ,” no trib, no falling away. Just doesn’t even come close.
Paul plainly said that those things must first come.
.
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The “rich” for taxation purposes are all who have disposable income.
That is who they mean, you and me.
The truly rich pay no taxes, they make the rules. Congress follows those rules.
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hell yes!
https://www.youtube.com/watch?v=8NVex4qmuws
Totally good with that...........
Actually very DAMN GOOD with that!!!
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