Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Albion Wilde
I've watched his testimony in that video before, and I'm not sure I agree with him. He's complaining about the Tax Reform Act of 1986, which may have had its issues but was hardly a flawed tax reform law. It simplified the tax code considerably and reduced the top income tax rate from 50% to 28%. It was signed into law by Ronald Reagan, by the way. Trump is complaining about it in that video because he owned apartment buildings all over New York City -- and the 1986 tax reform included tax incentives for homeowners that effectively diminished the value of rental housing.

He also says in his testimony that he was invited to testify before Congress by the chairman of that committee. The chairman was Frank Guarini of New Jersey -- a Democrat.

166 posted on 01/30/2016 4:08:53 PM PST by Alberta's Child (My mama said: "To get things done, you'd better not mess with Major Tom.")
[ Post Reply | Private Reply | To 163 | View Replies ]


To: Alberta's Child

OK, your question was why hasn’t he gotten involved before, which I amply answered, so your reply is another whine that he’s doing it wrong. Here, have a tissue.


168 posted on 01/30/2016 4:16:25 PM PST by Albion Wilde (Who can actually defeat the Democrats in 2016? -- the most important thing about all candidates.)
[ Post Reply | Private Reply | To 166 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson