Posted on 09/27/2015 6:40:19 AM PDT by RoosterRedux
Donald Trump will release his tax plan Monday morning, his campaign manager said Saturday.
Corey Lewandowski also told CNN that the plan will be published on Trump’s website.
On Wednesday, Trump said his plan will call for middle class tax cuts and hikes for hedge fund managers.
“(It) will be very long on policy and will be a great plan, with a major reduction in taxes for the middle class,” Trump said at a town hall meeting in Columbia, South Carolina, at the University of South Carolina.
Trump promised that his plan would be “great” for middle income residents and businesses, but not so much for hedge fund managers, who he has turned into political punching bags of late.
“It’s going to be very specific,” Trump said of his proposal. “And I think it’s going to be a plan that creates incentives, and I think it’s going to be a plan that makes people happy, other than maybe the hedge fund guys, who make hundreds of millions of dollars and pay very little tax. I mean, those guys will not exactly love me.”
(Excerpt) Read more at cnn.com ...
So, yeah, there will be "demons" to focus on, with only themselves to blame.
Love to see him on stage with Art and Steve @ some point to drive home the Reaganesque message we are going for Growth, Growth is Good, and this shicken chit No-Grow, Green Shoots, ZIRP, heavy handed 4 branch regulatory stifling of innovation and jobs hasn't done anybody a bit of good.
It would certainly send a message to business that he means business as these two men carry a lot of weight IMHO....
He said he was going to develop his tax plan by working with some of the leading experts in tax simplification and reduction (Laffer, Forbes).
Lastly, though he hasn't mentioned it, it would be best if he had his tax plan "scored" by some authoritative body BEFORE releasing it so that he can say that it has been lab tested and is at a minimum revenue neutral and, at best, revenue positive.
One additional point. He has said that he is going to eliminate the corporate tax. That is an explosive issue. If his plan includes that, I think his tax plan will shake up the entire campaign and election for the better.
Most voters don't know how a small business works. They believe that a business selling a product for $100 collects a $100 profit.
I get where you’re coming from and even sympathize with you. But...while Trump is calling out the right people for the right things, we need more than that. The country is in serious trouble and we are facing problems that threaten our very existence as a nation. And those problems are getting graver by the day.
In my opinion, Trump needs to show that he has the gravitas and the way forward to get us out of the mess we’re in. We need big solutions to big problems, and we need to hear what they are.
Pointing fingers does put the spotlight on the sources of our problems, but it does not solve them. If Trump can outline a realistic path forward, the election is his.
No plan will be truly great unless it is combined with a cut in government growth and government spending.
Oh yeah, all those plans the other candidates have laid out. Glad we've got those.
I’m following you, but back it up a step: Why did the “toxic mortgage assets” exist in the first place? GOVERNMENT.
We already got Sarbanes-Oxley, hundreds of small-print pages of regulations to “fix” a problem that was created 100% by government. I’m prepared to applaud a smart tax proposal from Trump, but without a massive teardown of functions like government mortgage brokering, the best efforts will (in my opinion) simply result in more of the same.
Maybe it won’t be mortgages that are the trigger of the next meltdown. Maybe it will be college loans. Maybe it will be municipal or state bankruptcies. No amount of money-supply expansion can stave off disaster forever.
He’ll likely do just that.
When Trump says he “has people”, he means it. He’ll roll out folks, who’ve agreed to work on his team, as the time calls.
Excellent point.
I'd bite on the 1-5-15, but a 15-15-15 for Dividends, Capital Gains and a Flat Business Tax ( no deductions and yes I haven't figured out depletion ) would have Capital flocking back here so fast it would make you heads spin.
Just think of all the lawyers and tax gurus that can be purged from the Corporate and Federal level when it come to this idea of a Flat Business Tax...
I have posted it a number of times and I bet they lurk here or thought of it themselves, it is not rocket-science. It will be interesting to see if I or others here are close with their predictions of what it might be...
Two trillion is a lot of money.
Well, DT did say he was going to bring money back into this country, so what you’re outlining may eventually become part of the plan.
Also, the current tax code is so vast and so complex, it’s impossible to make corrections without taking something away from someone. And this is exactly why it’s critical that Trump answers to no one, except We the People.
This is his attraction (among other things) that the Establishment sellouts can’t seem to comprehend.
No financial mechanism always produces good results
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I think you misunderstood my point which was that given their costly nature (and they are quite expensive), one would expect better and more consistent results. If you pay up for something, you generally get quality (i.e., you usually get what you pay for).
Detailed plans don’t survive their first month on capital hill.
All that counts is commitment to change, commitment to fight viciously and vision.
That renders Rubio and Jeb meaningless when they publish fiction.
You know, all the specifics the mediots claim Trump doesn’t have that all the other candidates do.
Pray America is waking
Is the media demanding specifics from the GOP-e candidates?
Any “tax plan” that does not throw 70,000 pages of IRS regulations in the trash can and close IRS is not a plan that excites me!
The “tax return on a postcard” is the only “fair tax” on the federal level.
Notwithstanding, I still support Trump though like many my preference is CRUZ.
Hubby and I were just talking about this, the other day.
With Trump, the media and even folks on OUR side, demand Trump lay out his exact and specific plan for said policy.
Other Pubbie candidates get a pass for either not having specific policy plans, or just listing legislation they worked *really hard* to pass, but never came to pass.
Which other candidates have SPECIFICALLY said all of the following:
a.) They’ll build a wall on our southern border
b.) They’ll send illegals back to Mexico/wherever...and they can apply to come back LEGALLY.
c.) What their Immigration plan is....posted it on their website.
d.) What their 2nd Amendment Rights position is....posted it on their website.
e.) What their tax plan is, will post it on their website.
Yet, Trump is the one who gets pounded, for not laying out specifics :-/
most produce good results often enough to stay in business. The ones that don’t are gone.
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Not exactly true. There are thousands of mutual funds in existence, some of which charge high fees, that cannot beat a simple and cheaper S&P 500 ETF. Vanguard founder John C. Bogle has written extensively on this. You may want to read his excellent book “Don’t Count on It”.
Ah, different animal same flu. The flu being some form of redistributive insanity ( a program ) that no free-marketer will take because of the intrinsic risk and the "Moral Hazard" these programs expose us all too. and that no banker or fiduciary in his right mind would expose him or herself or a client too if they engage in the free-market without the the visible hand of regulation smacking them down all the time.
My bet would be on student loans....
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