I guess I shouldn’t really be surprised (given his stance on health care), but Trump’s tax plan is complete crap.
If you’re going to have an income tax (which you shouldn’t, because it’s one of the most profoundly destructive policies), you HAVE to tax the poorest Americans as well, to make sure they have skin in the game. If you don’t tax them, they vote for every spending bill they get their grubby little hands on. While Trump seems to recognize the problem with taxing the highest brackets 40-50% (namely, that it provides an incentive to donate to Democrats), 25% is still far too high.
The best way for our government to receive revenue consists of seizing all assets from Dementocrat voters; this will pay off the national debt that they caused. In the long term, a simple 1-10% flat tax is all that is needed to fund the military (the only legitimate function of the federal government).
Hopefully, Cruz or one of the fellows at the Mieses Institute can get Trump on the right track.
That might work, and monkies will fly out of my butt!