“Has he finally stumbled?”
According to Trump Derangement Syndrome Sufferers, Trump stumbles 10 times a day. And as is Typical for anti-Trump posts, a few sentences are quoted out of context.
As regards a flat tax or so called fair tax. Popular as those notions might be with conservatives, they’re nonstarters politically. You’re not going to get widespread agreement to the idea that someone who earns 30,000 a year should be paying the same rate of tax as someone who earns 30 million. You can call it progressive, regressive, or late for dinner: it’s still a nonstarter.
What Trump is proposing instead is a drastic simplification and reduction of tax rates. You would think that conservatives would like that. In my own case putting pen to paper, my taxes would drop by about a third to half. Wow. I think I can live with that. As an added bonus, everyone pays something. Even those at the bottom of the income scale who would currently pay nothing. They pay a token 1% which gives them some needed skin in the game.
All in all its a simplification and tax cut and a very Reaganesque move. But for TDS sufferers, no proposal is good or conservative if it comes from Donald Trump.
Actual paragraph from article:
“Trump was asked, [relevant exchange beings around 3:00] “You want to lower the tax, you want to implement a flat tax.” Trump objected to this characterization. After host Sean Hannity said, “I thought you liked the flat tax.” Trump stated, “The problem with the flat tax is it’s sort of the same. I actually believe that people as they make more and more money can pay a higher percentage.” Later he added, “I don’t like where everybody’s paying the same. If I make a billion dollars, and somebody else is making a hundred, and he’s paying ten dollars and I’m paying — to me, I don’t know. I like somewhat of a graduation. What you have now is a system that’s too complicated. The easiest thing to do is make that system uncomplicated, and make it really good, make it really good. And you know, as far as the IRS, people say ‘Let’s get rid of the IRS,’ somebody’s got to collect the money.” Regarding simplifying the tax code, also stated, “The word is simplification. We can simplify. We can get rid of deductions.”
“What Trump is proposing instead is a drastic simplification and reduction of tax rates. You would think that conservatives would like that. In my own case putting pen to paper, my taxes would drop by about a third to half. Wow. I think I can live with that. As an added bonus, everyone pays something.”
Actually, under Trump’s plan, most of the folks making under 30K would lose big time. Many are eligible for the EITC, which puts up to $6K in their pockets. If you think someone who is used to paying no taxes, but who gets a refund of $4K is going to vote for someone who wants them to pay $300, you are nuts.
Over 25 million people get the EITC. I’m not sure Trump has heard of it, since he doesn’t run with those folks. But anyone who thinks we can sell a tax revision which causes everyone to have “skin in the game” when half the people in America do not currently pay anything needs to get real.
Folks might go for a sales tax. I don’t think they will go for increasing taxes on the poor so those making 50-100K can pay less. It ain’t going to happen.