The article mentions two trouble spots in Trump’s tax plan:
1) His declaration that some 70 million households will not pay income tax under Trump’s plan. That’s close to two-thirds of the 110 million or so US households.
Every citizen should have a stake, even if minimal in the running of his country.
Already close to 4 of 10 Americans pay no income tax. Do we really want the top third in America bearing the whole burden?
2) Trump’s approach could build a political tidal wave of support in the future for raising income taxes higher and higher to finance more “free” services from government, because, after all, it’s only the rich who are going to pay the tab.
Jindal doesn’t like the plan, who knows more about pro growth taxes Jindal or Investors Business Daily.
Bobbi, that will be a Slurpy and a hot dog to go.
As usual, IBD is right. The plan cuts rates and closes off loopholes. That is good. But IBD is right that we can’t keep shrinking the tax base. The top third should not pay 90%+ of all income taxes. Its a recipe for disaster.
Let’s hear more from the RINO critics about how he doesn’t deliver specifics.
Frankly, if he makes things so hostile and uncomfortable for illegals that they mostly pack up and self deport, I’ll let this one slide.
It appears to do nothing about payroll taxes, which for many lower wage workers is there greatest tax liability.
Also, I haven't seen the specifics of how this is paid form so that's smoke and mirrors right now.
The article says capital gains is still taxed at a separate rate. I didn't see that, but I may have just overlooked it.
I'm not crazy at all about exempting half of households from federal income taxes. but that is easily remedied bty adding a bottom rate of 1% - 5%.
It still doesn't persuade me to vote for Trump, but kudos for a specific, good plan.