Posted on 07/05/2017 3:56:49 PM PDT by be-baw
(snip)
Bannon's insurance policy is that he's the keeper of the base. Trump understands he's never going to be broadly popular, so he absolutely has to preserve his 46%.
Axios' Jonathan Swan says that behind closed doors, Trump talks constantly about the base as "my people" and "our people": "What does this mean for my people?"
Be smart: The biggest reason that Bannon is back is that his worldview is Trump's worldview. For the all the ups and downs, in-and-out-of-favor drama, Trump is more Bannon than he is Jared or Ivanka.
(Excerpt) Read more at axios.com ...
I hope that this is true.
As long as Bannon is there, I know Trump is staying true.
Why would Bannon want to push a tax increase?
Where did this come from?
Not a good move.
That is to say not Holder's people.
He was very clear about this all along. Bannon said he was going to ring up trillion dollar budgets and expand government.
All I heard from Trump was tax reduction.
I wasn’t voting for Bannon.
Bannon’s insurance policy is that he’s the keeper of the base
So the base wants to raise taxes? Bannon is overrated.
“Bannon said he was going to ring up trillion dollar budgets and expand government.”
I missed that. Can you back it up?
Actually its a very fair trade. A personal tax increase of the top 1-3% to offset a 20% reduction in corporate tax rate works out net, net much better for everyone, including the top 1-3% who benefit much more from corporate tax reform the most (at least the stock price gain). I’ve been arguing that for years. And as someone in the top 2%, I’d happily pay another 2-4% higher tax rate to have corporate tax rate drop 57% and have my stocks skyrocket in value.
Written by Mike Allen, one of the Ministry of Propaganda’s best.
A broken promise is not a fair trade.
Really. When I heard that he’s pushing for a 40% tax on certain people I was not happy! That’s not why we hired DJT, and I hope Bannon remembers that.
Put it this way, if you are Bill Gates and Warren Buffet, lets say you make $50 million per year. If the top tax rate went up 4%, they'd pay an extra $2 million per year. However, if the corporate tax rate was more than halved, the E part of the P/E would increase about 12%, adding $9,000,000,000 to their net worth (each) assuming the P/E ratio stayed constant. Pretty good trade for the rich, eh? Same thing for me, just on a much smaller scale.
Yes the horrible Fake News experts renamed itself Axios staffed with the same pathological liars like Mike Allen who liked water guns fights with his buddy Joey Bidden during the Fascist Muslim Rat regime.
After-all,
Mikey's Allen’s wife works for the Demo- Rat party .
He is. As others have noted above, those who would get the hit would likely have their “losses” more than offset by their gains in investment income.
It has also been leaked to Fox News. The leaks are definitely coming from the White House, possibly as a trial balloon.
A side note: I understand why people are skeptical about Axios, but I’m pretty sure Swan from Axios has connections to the White House. He was the first to report it.
I love Bannon as much as Trump. (And that’s a lot!)
The report is that he thinks there should be a top rate with a “4” in front of it. The bracket that I read would start at 438k per year. I’m not ecstatic about any tax increase, but keep in mind, these are marginal rates. If you made 450K, the 4x% would be applied to just the last 12k, basically a few hundred dollars.
You’d have to really be pulling in a lot of money before you’d start feeling that, and as noted above, if you are making a half million a year or more, it’s very likely that you’d receive far more back from the cut in the corporate tax rates. I’d be OK with it.
As I kept telling you all along, Bannon thought the stories of him being “gone” were funny.
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