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 ...
Very different breed of cat.
Corzine is a crook...Trump simply plays to win.
Please consider that you may be wrong. I do all the time.
So then Trump wasn't kissing Clinton rear end when he donated 100K to their corrupt fund?
That's not kissing arse...that's bidness.
He's buying a $100,000 worth of Clinton...and then some.
Sadly, I think you may have nailed it.
For me it’s been a brief fling with HOPE. A ten day interlude that brightened the political landscape. At this stage of my life I let go of delusions much faster than I did as a young woman.
When I see sane people trying to twist reality to fit their hopes, to make excuses we would never make for anyone else, I know it’s time to let go of my own hope this guy might be a viable choice.
I’ve learned some new information. Megyn Kelly has an ego close to Trump’s and she’s fixated on some cloudy sense of “woman as victim”...while behaving as anything but. She lacks class.
"Doing business" with a corrupt politicians is a good thing?
It’s a cult of personality. They like Trump, or the idea of Trump, at least. And so they shape the reality of Trump to fit the idea, facts be damned. Trump says something they like? Great, he’s the best! Trump says something they don’t like? Well, we all change our mind, he’s still the best!
Very well said. It's sad to watch because one hopes/assumes that learned conservatives wouldn't be susceptible to such phenomenon, but alas it seems buying into these cults of personality can affect people of all political stripes.
Yes, because it's Trump. If it were ANY of the other candidates they'd be vilified by the same people who will defend Donald Trump for doing it.
Trump has been for massive tax increases, single payer healthcare, had a position of complete pro abortion, just a few years ago said he was a Democrat, praised Hillary Clinton, said Obama fixed the economy, etc, etc, the list just goes on and on and on. If any other candidate had these positions or said these things they'd be hated by the Trumpsters, but because it's "the Donald" and his cult of personality all is forgiven.
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?The campaign has only just started... and like the thin skinned political whore Strumpet, you are emotionally twisted into a knot over a comment -LOL!
Follow through with your squeal - like your Warren Buffett tax hiking fraud candidate and threaten to go third party for President Hillary.
Of course not, in 10 years, Obama faced no question even close to one asked by Fox last night. Obama would have cried and bitched for weeks.
And the questioners called racists just as anyone who questions Her Heinous Hillary Rotten Klintoon will be called misogynist.
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