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Trump Says Taxes for the Wealthy Should Go Up
Newsmax ^ | 5/8/16 | Thompson/Reuters

Posted on 05/08/2016 7:10:24 AM PDT by Nachum

Donald Trump said on Sunday that taxes for the wealthy should go up but that his tax plans would likely be renegotiated with Congress should he win the U.S. presidency.

"For the wealthy I think frankly it is going to go up and, you know what, it really should go up," the presumptive Republican presidential nominee told NBC's "Meet the Press."

Trump said that he see his current tax plans, which would reduce taxes for the middle class and businesses and increase those for the wealthy, as a negotiating "floor" that may change in dealings with Congress. Latest News Update Get Newsmax TV At Home »

However, he added, "when it comes time to negotiate, I feel less concerned with the rich than I do with the middle class."

(Excerpt) Read more at newsmax.com ...


TOPICS: News/Current Events; US: New York
KEYWORDS: 2016election; 2016issues; alreadyposted; election2016; howmanymoretimes; millionaires; newyork; repost; taxes; taxincrease; taxtherich; tdsnotcontained; tdsoutbreak; tdsregrouping; trump
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To: Dana1960

Oh, I believe it!!!! My wife was born in New Dehli, and is a fire-breathing conservative, of course.

She and her family spent 10 years in the ghetto of PG county, Maryland, surrounded by Obama’s sons. They got out, of course, and are all fabulously successful—work 2 jobs, save every dime, get beaten senseless by the parents for every B on the report card, etc...

But, you know what? Most of her family, despite TALKING and BELIEVING in EXTREMELY CONSERVATIVE TONES on social issues especially, and work ethic and out of wedlock babies, and welfare, etc, etc., despite all that, most of her family is Democrat filth.

UNBELIEVABLE!


41 posted on 05/08/2016 8:21:57 AM PDT by Don Hernando de Las Casas
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To: lodi90

He said that TODAY, yes?

Is this “old news”?


42 posted on 05/08/2016 8:24:01 AM PDT by Don Hernando de Las Casas
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To: Don Hernando de Las Casas

If that’s the case then he is talking about the loopholes.

I believe that hedge fund partners can defer paying taxes indefinitely because of the carried interest loophole. So their rates would go up from zero to normal rates.


43 posted on 05/08/2016 8:24:17 AM PDT by Helicondelta
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To: Nachum

Before all the sore cruzermans have a hate Trump fest he isn’t talking about all wealthy people. Just section that are currently getting away with murder. Read his tax plan.


44 posted on 05/08/2016 8:24:47 AM PDT by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped)
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To: Nachum

But we all must vote for Trump this November without any insistence on him taking conservative stances on economic issues!


45 posted on 05/08/2016 8:26:31 AM PDT by Tolerance Sucks Rocks (Stick a fork in America; she's done.)
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To: Georgia Girl 2

Read his tax plan.

************************************

I did read his tax plan. Maybe he should read it too.


46 posted on 05/08/2016 8:27:11 AM PDT by kara37
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To: Don Hernando de Las Casas

He said that TODAY, yes?

Is this “old news”?


Nonsense. This is Sunday talk show banter. Trump long ago proposed tax increases. Nothing new here at all.

Since Cruzies still want to fight the primary and damage Trump in the general, I see no reason for Trump supporters to ever support Ted Cruz. Period. Could be rough in 2018 when 5 million Trump voting Texans decide Cruz’s Senate race.


47 posted on 05/08/2016 8:28:39 AM PDT by lodi90 (Clear choice for Conservatives now: TRUMP or lose)
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To: Helicondelta

How in the name of god can you possibly know this. He did not say hedge fund or loop hole, he said,

“For the wealthy I think frankly it is going to go up and, you know what, it really should go up,”

If I want to talk about hedge fund partners, I, strangely enough, speak of hedge fund partners, I do not say “the wealthy.”

In standard English “hedge fund partner” is not a synonym for “the wealthy.”


48 posted on 05/08/2016 8:30:58 AM PDT by Don Hernando de Las Casas
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To: lodi90

Nonsense? Sunday talk show banter?

It happened today, right? Proposing raising taxes on talk shows makes it NOT liberal?

Trump long ago proposed raising taxes? He did it long ago, so that makes it okay?

Hillary long ago proposed raising taxes, so that makes it okay?


49 posted on 05/08/2016 8:33:11 AM PDT by Don Hernando de Las Casas
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To: Georgia Girl 2

He is not talking of all wealthy people? How in the name of god can you possibly know this. He did not say hedge fund or loop hole, he said,

“For the wealthy I think frankly it is going to go up and, you know what, it really should go up,”

If I want to talk about hedge fund partners, I, strangely enough, speak of hedge fund partners, I do not say “the wealthy.”

In standard English “hedge fund partner” is not a synonym for “the wealthy.”


50 posted on 05/08/2016 8:34:19 AM PDT by Don Hernando de Las Casas
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To: Don Hernando de Las Casas

LOL. Loser Cruzers still tantruming about losing the primary. They won’t give it up. Still trying to suppress conservative vote for trump?

If you think this won’t blow back on Saint Rafael you are delusional. This is two way street here, FRiend. Trump has the voters, nobody else does. Ted Cruz included.


51 posted on 05/08/2016 8:40:02 AM PDT by lodi90 (Clear choice for Conservatives now: TRUMP or lose)
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To: Don Hernando de Las Casas
-- I don't begin to see that at all. He said, "For the wealthy I think frankly it is going to go up and, you know what, it really should go up." --

I'm not denying he said that. What I'm saying is that he said more, and if you take only that quote and present it as Trump's position, then you are misleading.

CHUCK TODD: Let me move on. Let me move on some issue things. There's a few things that some people think are contradictions, so I want to see if I can pin you down here. The issue of taxes. Your tax plan is one where the biggest beneficiaries are the 0.1 percent when it comes to raw dollars that will be saved among taxes.

But then in an interview earlier this week, you seemed to say, "You know what, my tax plan, it's not set in stone. And maybe I'll raise taxes. Maybe I'll actually raise taxes on the rich." So I guess, which is it? Are you willing to raise taxes on 0.1 percent or not--

DONALD TRUMP: It's definitely-- no, no, no. Let me explain how the world works, okay? I think nobody knows more about taxes than I do, and income than I do. But I'll explain how it all works. I come up with the biggest tax cut by far of any candidate. Anybody. And I put it in. But that doesn't mean that's what we're going to get. We have to negotiate.

The thing I'm going to do is make sure the middle class gets good tax breaks. Because they have been absolutely shunned. The other thing, I'm going to fight very hard for business. For the wealthy, I think, frankly, it's going to go up. And you know what, it really should go up. Because the wealthy--

CHUCK TODD: The wealthy need to pay more taxes? What do you define as wealthy, by the way--

DONALD TRUMP: No. No, let me explain-- somebody like me. Let me explain something--somebody like me--let me explain something. I'm putting in a plan, Chuck. I have to negotiate now with senators and congressmen and lots of-- the fact that I put in a plan, it really is a floor. That's what it is. Whether we like it or not.

So I put in my plan. It's quite simple to see. It's a simplification. We lower the number of brackets. We lower the taxes on the middle class, on business. And we lower the taxes on everybody, very substantially. But I have no illusions. I don't think that's going to be the final plan. Because they are going to come to me, including the Democrats and everybody else, they're going to come to me. They're going to want to negotiate. But that's a floor. That's where we're starting.

CHUCK TODD: So is that--

DONALD TRUMP: Now, when it comes time to negotiate, I feel less concerned with the rich than I do with the middle class.

CHUCK TODD: So it sounds like-- should we take that--

DONALD TRUMP: And I feel very concerned at that.

CHUCK TODD: --should we assume that most of your plans, then, we shouldn't take you at your word, as sort of that they're floors? What you just described? That, "You know what, it's my opening statement, but everything is negotiable--"

DONALD TRUMP: It's not a word. Excuse me. Excuse me. It's called life, Chuck. It's not my word, of course. I put in a proposal. You know what they are? They're really proposals. People can say it's a tax plan. It's really a tax proposal. Because after I put it in, and I think you know the Senate and Congress--

CHUCK TODD: Sure. Yeah.

DONALD TRUMP: --you know as much as anybody, they start working with you, and they start fighting. And you know, let's see what happens. But I put in a proposal. Under my proposal, it's the biggest tax cut by far, of any candidate by far. But I'm not under the illusion that that's going to pass. They're going to come to me. They're going to want to raise it for the rich. Frankly, they're going to want to raise it for the rich more than anybody else.

But the middle class has to be protected. The rich is probably going to end up paying more. And business might have to pay a little bit more. But we're giving a massive business tax cut. Remember this, we're the highest taxed nation in the world. But this is a tax-- Chuck, this is a tax proposal--

CHUCK TODD: Wait a minute. Let me stop you there. You just said, "Businesses might pay a little bit more." You just said, "Business might pay a little bit more, but we're going to get 'em a massive tax cut." You just said it within ten words.

DONALD TRUMP: No, no. I didn't say it. Excuse me. I said they might have to pay a little bit more than my proposal, Chuck. I said they might have--

CHUCK TODD: Oh, your proposal. Okay. I just wanted to get that clear.

DONALD TRUMP: --yeah, than my proposal.

CHUCK TODD: Fair enough.

DONALD TRUMP: I'm not talking about more than they're paying now.

Meet The Press: May 8, 2016

52 posted on 05/08/2016 8:40:57 AM PDT by Cboldt
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To: jwalsh07

I posted the transcript. People can read for themselves whether my parpahrase was false, as you claim it was, or accurate.


53 posted on 05/08/2016 8:42:27 AM PDT by Cboldt
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To: Nachum

The lifestyles of the rich and famous are made possible by the importation of cheap labor.
The rest of us have been paying the true cost, both financial and human, of their landscaping, household help and employees in their businesses.


54 posted on 05/08/2016 8:43:03 AM PDT by Lurkinanloomin (Know Islam, No peace - No Islam, Know Peace)
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To: HomerBohn
"Taxes should go down for everyone.."

You have been suckered, like so many millions of us for the past 3 decades into this mindless and stupid ideology where "taxes must go down for everyone".

That's not the real world, and while the "1%" laugh at us by controlling the message that you get suckered on, and they get to write the rules with their FAT ASS DONOR CHECKS, people with your mindset continue to support your own downfall.

55 posted on 05/08/2016 8:44:25 AM PDT by LibFreeUSA
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To: Don Hernando de Las Casas

I had this conversation with relatives who live in Oklahoma and Arkansas. How can you be conservative in thought and vote for a Democrat? How can you claim to be a Christian and vote for a Democrat that believes in killing babies?
I explain to them that the Democrat party of today is not the Democrat party of old.
They don’t have any answers.


56 posted on 05/08/2016 8:46:11 AM PDT by sheana
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To: lodi90

I voted for Trump, and I will vote for him again in NOV. I do NOT want Cruz to get the nom, because this will anger the base more than I can possibly describe.

Again, I voted for Trump, and I have 3 reasons for doing so, 1 VERY VERY good reason and 2 not so good reason.

However, just because I voted for him I do NOT need to pretend that he is an infallible God. Most of his supporters seem to feel that need.


57 posted on 05/08/2016 8:51:30 AM PDT by Don Hernando de Las Casas
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To: Cboldt

Loser Cruzers just grasping at anything to smear Trump. Seems the plan is to Goldwater him until the convention. Then we’ll have a “unify” kabuki and everyone will pretend they didn’t spend 2 months trashing Trump. Sad to see so many deluded Cruzers preferring the Butcher of Benghazi to Trump.

This is a conservative vote suppression campaign and Ted Cruz is just fine with it. How conservative of him.


58 posted on 05/08/2016 8:53:31 AM PDT by lodi90 (Clear choice for Conservatives now: TRUMP or lose)
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To: Nachum

“wealthy” = anybody who makes a dollar more than you....

Hat tip Rush.

Donald will never define what he means by “wealthy”.


59 posted on 05/08/2016 8:53:50 AM PDT by G Larry (ILLEGAL IMMIGRANTS impose SLAVE WAGES on LEGAL Immigrants.)
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To: Cboldt

YES, he did say a lot more, but he took the bill and Hillary position, the Bernie position, the Hillary position, the harry reed position that taxes on the wealthy should go up. Period!

Also, like ALL of those dems, he pandered to the middle class, “Oh, no! I won’t raise YOUR taxes, it’s that other guy over there who’s gonna get his taxes raised.”


60 posted on 05/08/2016 8:54:25 AM PDT by Don Hernando de Las Casas
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