Posted on 08/17/2011 12:14:58 PM PDT by SeekAndFind
Donald Trump would be willing to pay more in taxes, he said today in response to Warren Buffett’s news-making op-ed in The New York Times and to President Barack Obama’s exhortation to “put country first.” But, unlike Buffett, Trump doesn’t think all tax hikes are a good idea, economically speaking, because less “patriotic” business “machines” would be apt to take their business outside of the country. National Journal reports:
“I’d be willing [to pay higher taxes],” Trump said on Wednesday, responding to Buffett’s op-ed on ABC’s Good Morning America. “I put country first. A lot of people don’t necessarily put country first…. In many cases, they’re not patriotic. They’re business machines. And they’re going to say, ‘Thank you very much, I appreciate you letting us know. We’re moving to Switzerland.’”
Trump said there would be a “mass exodus” of business if the tax rates were raised. However, he did say that keeping tax breaks for big oil companies would be a mistake. “For us to be subsidizing oil companies is absolutely insane,” he said, breaking from many tea partiers and Republicans who do not want taxes raised on businesses or individuals.
“When [it’s] explained to the tea party, I can’t imagine anyone will stick up for Exxon Mobil or some of these big oil companies making a fortune and paying relatively little in taxes,” Trump said.
Obviously, the nation needs tax reform. The tax system shouldn’t be used to play political favorites. But, in the meantime, the demonization of the rich has got to stop — and presumably well-meaning men like Trump need to stop playing into the hands of those who buy the lie that the rich don’t deserve to keep what they earned solely because they’ve earned more than the rest of us. And, as has been said over and over again, nothing is stopping Warren Buffett or Donald Trump from voluntarily giving more money to the federal government. In fact, that gesture would mean far more anyway as it would signify an over-and-above abundant kind of generosity rather than the mere fulfillment of obligation.
Man is Trump full of sh*&. It’s unpatriotic to move your business outside of the US based on taxes!? That’s wrong on about 300 levels.
Right - Whose stopping you, Donald??? If you think that is the best use of your $$$$$$$$$$$$$$, then go for it!
Its easier and cheaper to talk.
Exactly. Dollars to doughnuts he pays the minimum possible, or none at all.
Isn't Exxon Mobil the largest single tax payer in the country? I believe I read that somewhere.
A leader goes first.
That’s the definition of a leader.
I don’t expect Donald to be writing any checks for a dime more than what his lawyers can wring out of the tax law.
RE: “For us to be subsidizing oil companies is absolutely insane,”
I really want to understand this word “SUBSIDY”. What do they really mean by this?
For me:
A) If I don’t take more of your money, it is NOT a subsidy. It is tax relief
B) If I use tax payer money to pay you for doing business, THAT is a subsidy.
So, when they (e.g. Donald Trump) talk about “subsidies” for the oil industry, which of the above two are they referring to?
Hey, Don, write 'em a check. It says right here they'll take it.
RE: “For us to be subsidizing oil companies is absolutely insane,”
I really want to understand this word “SUBSIDY”. What do they really mean by this?
For me:
A) If I don’t take more of your money, it is NOT a subsidy. It is tax relief
B) If I use tax payer money to pay you for doing business, THAT is a subsidy.
So, when they (e.g. Donald Trump) talk about “subsidies” for the oil industry, which of the above two are they referring to?
Whose side is he on anyway? First he complains about taxation then he calls for it.
***...nothing is stopping Warren Buffett or Donald Trump from voluntarily giving more money to the federal government.***
Very good point. I wish some media interviewer would ask point blank why don’t these guys stop talking and start writing. But I’m sure they have a ‘logical’ answer as to why they ‘just can’t’.
Is that really the definition of "Patriotism"?
ML/NJ
You’ve accepted a lot of leftist premises when you say you’re willing to pay more taxes, here’s a few:
1.The government puts your money to good use.
2.The government doesn’t waste money.
3.The government doesn’t need to control their spending.
4.You have too much money.
6.The government doesn’t have enough money.
7.The government should determine how much of your money you can keep.
Exactly - I hereby officially offer Donald Trump the opportunity to pay my taxes. Donald? Get back with me, k?
Amen to that. Trump and Buffet are all hat and no cattle.
I guess Donald is out of checks for the time being?
How is it patriotic to pay more in taxes?
How much is enough? What we pay right now is more than enough.
Stop spending, and start cutting!
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