Posted on 08/07/2015 2:01:35 PM PDT by arista
Donald Trump takes a lot of flak for failing to offer specific policy proposals, but there was a time when he offered a very specific tax plan -- one that raised taxes on the wealthy so much it might have made Bernie Sanders blush.
In classic Trump fashion, the plan was big and bold. If enacted, Trump's plan would have been biggest tax hike, in total raw dollars, in history. In a word, it would have been huge.
The year was 1999 and Trump was toying with the idea of running for President as a third party candidate. The idea, which Trump says he no longer supports, was to impose a one-time tax of 14.25 percent on every American worth more than $10 million and raise exactly enough money to pay off the debt.
Trump himself would have had to pay more than $700 million. But he didn't care. He calculated his plan would erase the entire national debt and save the government millions in interest payments, allowing tax cuts for everybody else.
Here's how Trump described the plan on "Good Morning America" on Nov. 10, 1999:
"Well, basically, this would be a one-time tax, 14.25 percent against people with a net worth of over 10 million," Trump said. "It would pay off in its entirety the national debt of $5.7 trillion, and you'd save $200 billion a year. So taxes for the middle class would go way down, the estate and inheritance tax totally wiped out, and the Social Security system would be saved."
In a screaming front page headline that same day, the New York Daily News featured a photograph of Mr. Trump with the words, “SOAK THE RICH: Trump's way-out plan to end nat'l debt...Proposes one-shot $5.7 trillion tax on the super-wealthy.”
(Excerpt) Read more at abcnews.go.com ...
Trump is indeed republican.. THIS WEEK..
Soon enough nationalised healthcare will be “conservative” to Trump supporters
Changes his beliefs like changing socks
He can change them again any time
The election is aways away. Let Trump slap around the GOPee, LSM, and Rats for at least a year. Concentrate your fire on Boner and Ditch.
I think people are linking a relatively successful man with a determined speech and liking the combonation
The people that call Trump a Conservative are the ones that point out how he isn't
I think most Americans are just flat out sick and frikkin' tired of the lamestream and the commies and the muzzies and all the lies and selling out .... and Trump says one thing ...
I'll make America great again
NO ONE .... Republican, Democrat nor Socialist is saying that.
“The idea, which Trump says he no longer supports,” - Article
Bill Clinton set this up probably
He is the master of triangulation
Poor widdle ting.
He won’t make America great again.
How is reporting on a candidate’s past public policy positions not a legitimate and relevant thing to talk about during a campaign?
The facts are not a “hit piece.”
Romney never flip-flopped this much and FR banned his supporters.
so, if jeb reverses himself tomorrow on amnesty and common core . . . VIOLA!! we have our nominee.
because, after all, people’s opinions evolve.
Put it on a separate thread.
On the contrary, almost all candiates say bland platitudes like they’ll restore America’s greatness.
What they mean by that and what actions and policies it entails are what’s important to know.
Lol. Have you not been paying attention? Folks keep saying this, every time he comes out and says something new. This is it! The end of the Donald! And the next day his poll #'s are higher. Lol. Nice try though. Don't you have anything better to do? You know, like spit shining some GOPe jackboots?
We can be against Trump without supporting the GOP-e. That’s why God made Ted Cruz.
Give it a rest. We get it that you're scared to death of Trump. But the rest of us aren't.
If you have cogent argument to make...make it. But repeating the same stuff on every Trump thread causes our eyes to glaze over whenever we see your name.
HA!
You forget that liberal Republicans in Congress have added $Trillions to the National Debt.
That ain’t conservative one bit!
People are being played. They need to know.
George Bush once lead the country into a failed war using bogus intelligence which cost the country thousands of lives and trillions of dollars and then he lead the country into the biggest financial calamity since the great depression. His father once famously promised not to raise any new taxes and then went ahead and raised new taxes anyways. And now his brother wants to be president.
And spraying kerosene on a fire isn’t a good way to put it out...
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