Posted on 08/31/2015 1:28:22 PM PDT by rickyrikardo
In recent weeks, Mr. Trump has threatened to impose tariffs on American companies that put their factories in other countries. He has threatened to increase taxes on the compensation of hedge fund managers. And he has vowed to change laws that allow American companies to benefit from cheaper tax rates by using mergers to base their operations outside the United States.
Alarmed that those ideas might catch on with some of Mr. Trump’s Republican rivals — as his immigration policies have — the Club for Growth, an anti-tax think tank, is pulling together a team of economists to scrutinize his proposals and calculate the economic impact if he is elected.
“All of those are anti-growth policies,” said David McIntosh, the president of the Club for Growth, a group that Republican candidates routinely court. “Yes he’s a businessman, but if those are the policies he implements, they’ll drive the economy into the ground and we’ll see huge drops in G.D.P., and frankly I think it would lead to massive loss of jobs.”
(Excerpt) Read more at nytimes.com ...
The establishment GOP has absolutely no credibility on this issue anymore. They’ve given Barry everything he’s wanted regarding spending especially ObamaCare. (The biggest tax of all)
As opposed to the great job A-holes like you and your Republican cronies have been doing for the past 8 years. I'll try Trump.
Speaking of Trump, does he have any rallies or interviews scheduled? It’s been rather quiet the past few days.
The first three comments failed to agree or disagree with Trump’s proposal. Focus please.
Most Trumpsters would call all of these taxes socialist rubbish if anyone but “the Donald” were proposing them. Again, the Trump fanatics are attaching themselves to the man, not the policies he actually represents.
There are many issues where I remain skeptical of Mr. Trump.
Having said that, isn’t it nice that the NYT is so concerned for us? Thank you NYT, you are always giving us the best advice.
Tax Wall Street and the other big criminals. Fine with me.
LOL!
Is tax policy one of those issues?
Laughable. The liberal media and RINO establishment types collaborating together to take out Trump. As always the stupid RINOs make friends with their enemies and enemies with their allies.
Great summary of the last 6.5 years.
Oh wait! He's talking about Trump.
The State couldn’t care less about taxing the rich. Its the vast middle class they have in their crosshairs.
Cut spending. Don’t raise taxes. Raising taxes on the rich doesn’t put a dent into deficits. They then figure out another way to get money out of the middle class pockets. Trump is just like the rest of them. His proposals seem to be geared toward costing more money and taxing the rich. Where have I heard that before?
Do you agree with Trump’s tax proposals?
It’s pretty clear from reading this thread that the “no new taxes” consensus which has stood since Reagan is falling apart.
Higher taxes on the wealthy are coming, because most Americans want them. Trump is just the messenger.
Indeed.
Mr. Trump has a very rational and extensive program of tax reform.
His policies are extremely pro growth and pro jobs for the US.
Fat cats do not like his tax reforms.
Once again, the biased New York Times floats another serd of disinformation half truths and distortion.
TWB
TWB
I’m wary about the NYTs telling me what anyone’s tax proposals actually are.
Before Trump proposed them, can you link a post of yours ever criticizing tax increases for “fat cats”?
First one is a bad idea. If these companies are competing against global competition, IN THE US, then this will just very likely put them out of business completely.
What we need is responsibly managed trade. That means putting tariffs on countries where we run a trade deficient and allowing countries that run a trade deficit with us to put tariffs on our goods.
The second point - is a bad idea. While the compensation structure of the entire financial industry is sickening, I don't want the government involved and playing favorites. This is a big government idea that might sound useful but will work as well in the long run as all other government involvement always does.
The third point - another big government, bad idea. If you want US companies to stay in the US then lower the corp. tax rate so we are competitive with other nations. Problem solved and watch the economy boom. At the same time savagely simplify the tax code so that the government stops playing favorites and all of the huge corporations that currently pay no tax year after year start doing so. Or better yet - move to a consumption tax and completely get rid of all income taxes.
Wake up Free Republic. Trump is not a Founding Father type conservative.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.