Posted on 04/21/2016 7:40:43 PM PDT by AnalogReigns
Thursday morning, asked on the Today Show whether he believed in raising taxes on the wealthy, Donald Trump, the frontrunner for the GOP nomination for president, gave a reply that illuminated how much of a Democrat in GOP clothing the Orange-Haired One is, replying, “I do, I do.”
As time passes, Trump is becoming almost indistinguishable from Bernie Sanders. Daily Wire Editor-in-Chief saw this back in February, in a piece delineating how alike the two men were on numerous policies. For the sake of solely concentrating on their similarities vis-à-vis economic policy, here’s Shapiro’s section on that:
They’re both anti-establishment candidates who bash Wall Street. Here’s Trump from his victory speech last night:
It’s special interests’ money, and this is on both sides. This is on the Republican side, the Democrat side, money just pouring into commercials. These are special interests, folks. These are lobbyists. These are people that don’t necessarily love our country. They don’t have the best interests of the country at heart.
Here’s Sanders from his victory speech last night:
We have sent a message that will echo from Wall Street to Washington, from Maine to California, and that is that the government of our great country belongs to all of the people and not just a handful of wealthy campaign contributors, and their Super PACs.
Of course, when Trump says he believes in raising taxes on the wealthy, he also believes he will cunningly outsmart the system. As he said in January, "I mean, I pay as little as possible. I use every single thing in the book.”
Trump has boasted that his tax plan would help working people, but that simply is another Trumpian lie. As Robert Shapiro, chairman of economics and security advisory firm Sonecon, pointed out, "To the extent he says he's fighting for working people, his tax plan refutes that -- it's a complete refutation. He's fighting for himself, and those like him, at the very top of the income distribution. That's what his policies do." Shapiro added, "He's actually going to provide a much larger tax break to hedge funds and private equity fund general partners than what the carried-interest loophole does.”
"I mean, I pay as little as possible. I use every single thing in the book.” -DONALD TRUMP
As the Tax Policy Center noted of Trump’s tax plan, according to Fortune, “By 2017, the highest-income 1% of taxpayers would receive a tax cut of 17.5% of after-tax income, and the top 0.1% — those with incomes of over $3.7 million in current dollars — would experience an average tax cut of more than $1.3 million, nearly 19% of after-tax income.”
Trump may say he’s for raising taxes on the wealthy just to curry favor with Democrats and establishment Republicans, but it simply isn’t true. And by saying he would do so, any credibility of Trump being a conservative is ripped to shreds.
His tax plan is actually a rearrangement of the tax code, with elimination of some loopholes. It is meant to be revenue-neutral.
This is so tiring. Hannity also asked about this tonight and Trump repeated what he’s said from the beginning. He wants to lower taxes across the board (see his plan on his site) but he wants to stop Wall Street from cleaning up on carried interest etc.
None of this is new and none of this is liberal.
Let’s see Trump campaign across the nation on that tax promise and transgender bathrooms. His enormous defeat will win him an ambassador’s post from President Hillary Clinton.
People posting from Ben Shapiro’s website thinking people will read it... is beyond me.
You realize you’re citing an article that leans on the ‘wisdom’ of Robert Shapiro, late of the Clinton administration, advisor to Gore and Kerry, cofounder of the Progressive Party Institute ... I think you get the idea.
You're correct Kenny... however the DIM BULBS do not read the details nor do they listen.
Yet another article from the #NeverTrump team led by Pajama Boy and Michelle Fields’ BFF Ben Shapiro.
Donald Trump was on Hannity tonight. He said that he wants to raise the tax rates on hedge fund managers that benefit from carried interest. Otherwise, the rest of his tax plan is a cut from current rates.
Here’s Ted Cruz’s tax plan: “I won Colorado in a landslide, and Donald Trump hates women.”
Why don’t you try attacking the message, rather than the messenger boys? Oh that’s right, your hero little Donnie is the prince of Ad hominem, isn’t he?
As conservatives and patriots,
it’s time to put bruised egos behind us,
heal our differences and act united
in the best interests of our nation.
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Congratulations to our presumptive nominee, Donald Trump!
April 20, 2016 | by Jim Robinson
http://www.freerepublic.com/focus/f-news/3422979/posts
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Yes, but it eliminates “carried interest” so people who use this in Hedge Funds will have their taxes go up to whatever level ordinary incomes are taxed.
Besides, Donald Trump is being opposed by a bunch of rich people, so, of course, he is going to say something that will upset them, and the peons who follow the rich people around. ;-)
Raise taxes? Look what it did for Walter Mondull.
take your complaints to Jim Rob.
I am not familiar w/ the Daily Wire, but this doesn’t read like a news article.
Trump is also looking at ways to collect taxes from the members of the underground economy who mow pay no taxes because they do not declare income
We cant elect Trump...
I haven’t got any more room on my back for another knife.
None of this is new and none of this is liberal.’
Yeah, some of the crony capitalists want their super tax breaks to continue forever and no cuts for the small business and moderate income taxpayers.
Whine me a river, fatcats.
Mr.Trump has an excellent tax reform program and it is detailed on his site. The elimination of the corporate tax,and allowing repatriation of off shore earnings should keep or return jobs and business to the US.
Trump has submitted his tax plan. This shouldn’t be news to you.
Personally, I like the plan.
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