I have not yet read Trump’s tax plan, and I have been making comments on the article posted about carried interest and hedge fund managers. I am not assuming anything about his entire tax plan because that wasn’t what the article was about. My degree is in finance/accounting and I have worked as CFO for years so I know a little about finance and taxes. I thought this was a discussion forum where conservatives can exchange ideas, you need to chill out a little because not everyone here is going to agree with you.
I’m sorry, but all this hand-wringing is just ridiculous. This Williamson jackass is either trying to mislead people or is ignorant of Trump’s tax plan. The plan is a graduated flat tax with no deductions. The top tax rate is 15% on all income, regardless of how it is earned. There is no carried interest deduction, because there are no deductions at all, thus hedge fund guys are ‘punished’.
In actuality, everyone (except maybe people in your line of work, I’m afraid) makes out pretty well. Trump is merely using populist language to sell what is actually a really conservative plan.
Glenn Beck and NRO appear to me to be intentionally misleading people into believing that Trump is some kind of Democrat when it comes to tax policy.
Of course, all of this will be cleared up in like a week, when Trump puts his plan out officially, but in the meantime, these guys getting away with this crap ticks me off.