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Steve Bannon Pushing For 44 Percent Marginal Tax Rate On The Very Rich
The Intercept/Drudge ^ | 7/26/2017 | Ryan Grim

Posted on 07/26/2017 5:10:06 PM PDT by sunrise_sunset

Top White House adviser Steve Bannon is pushing for tax reform to include a new 44 percent top marginal tax rate, hitting people who earn more than $5 million a year, with the revenue paying for tax cuts for the rest, according to three people who’ve spoken to him recently.


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: 115th; bannon; bannontaxes; taxandspend; taxcuts; taxes; taxreform; trump; trumptaxes; trumptaxreform; wealthy
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To: Nifster

Where did I dictate anywhere what someone could earn?

Please take your ideological talking points elsewhere, because you clearly are either incapable of reading or comprehending the written word.

The US entire political and economic system is at risk if capital continues to fail to flow throughout the system... The failures of the last 30-40 years of that distribution to flow is basically setting in motion events that will kill the golden goose. Maybe you should go re read, or read for the first time, that parable so you can remotely understand the statements I have made.

Capitalism is not inherently good, it is necessary for a free state but it is not by itself a causation or creator of one. Capitalism is an economic system it is amoral. Free states all have capitalism but not all states with capitalism as their economic policies are free states.

The continued accumulation of ever larger percentages of earnings by fewer and fewer people is the death knell for a free state... Capital and wealth must flow through all of society... There was a time those who had incredible wealth understood that the wealth had to flow to all or their own heads would eventually wind up on pikes... History is full of this lesson being taught over and over again.

There is no concept or principal I have stated at odds with some of the greatest defenders of capitalism have personally stated... If you think this makes me a communist then that just shows how fully uninformed you are to the very constructs you claim to be the defender of. If you believe these ideas make me a communist then you believe the likes of Milton Friedman is a communist.


81 posted on 07/27/2017 7:16:52 AM PDT by HamiltonJay
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To: Tennessean4Bush

I’m just covering my rear. I’ve been piled on before, on this site. Lol


82 posted on 07/27/2017 7:27:20 AM PDT by CommieCutter ("Trump is god emperor and he will win." -- some hacker)
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To: sunrise_sunset

Stealth progressive? Go be a Democrat, Steve!


83 posted on 07/27/2017 9:40:17 AM PDT by JimRed ( TERM LIMITS, NOW! Building the Wall! TRUTH is the new HATE SPEECH.)
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To: napscoordinator

Yeah, but read what I posted. My concern wasn’t the effect it would have on those at the top (though in a general sense, I think they’re getting screwed and we should level it back out) — it’s with the effect of those on the bottom. You turn government into a free ride, you spawn a generation of Democrat voters. Why would you do that? I realize doing the opposite is thorny politically, but while you’re trying to navigate that issue, at least don’t grow the 47% to 52%. We’re screwed by that badly enough as it is, we need to find ways to SHRINK the 47%.


84 posted on 07/27/2017 12:15:50 PM PDT by Still Thinking (Freedom is NOT a loophole!)
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To: sunrise_sunset

Steve Bannon looks very haggard and looks to be drinking a lot.
Compare to what he use to look like. I will not be surprised he drops dead.

Oh btw NO MORE TAXES!


85 posted on 07/27/2017 1:59:48 PM PDT by minnesota_bound
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To: minnesota_bound

Steve Bannon is a great American. One of Trump’s best advisors.


86 posted on 07/27/2017 2:07:24 PM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: central_va
ping
It looks like he just gave up and decided to drink and smoke as a hobby. ping
87 posted on 07/27/2017 2:16:18 PM PDT by minnesota_bound
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To: SarahPalin2012
Sometimes some sacrifices need to be made.

Says who? F the minority democrats and what they say/think.

88 posted on 07/27/2017 5:33:37 PM PDT by Impy (End the kritarchy!)
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To: BillyBoy; sickoflibs

Completely unacceptable, if true, hard to trust any supposed news about the White House from anonymous sources.

But look at the comments, some people would support any policy if it came from this admin.


89 posted on 07/27/2017 5:34:01 PM PDT by Impy (End the kritarchy!)
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To: sunrise_sunset
according to three people who’ve spoken to him recently.

YAY! More anonymous sources!!

Those are even more reliable than CNN Polls!

90 posted on 07/27/2017 5:40:33 PM PDT by Lazamataz (The "news" networks and papers are bitter, dangerous enemies of the American people.)
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To: Impy

I don’t know if I would support the policy or not, it would depend on what exactly the priorities are... if you are remaining revenue neutral, and keeping government the same size, you really aren’t changing the overall vector of the federal government..

If however, you not pretending to be revenue neutral, and will be cutting expenditures and using the revenues to reduce the federal debt, and institute policies that will help to aid the free flow of capital to the lower classes, which it has been doing less and less of over the last 40 years, putting our entire nation and economic system at long term risk, then I would support it.

We are killing the goose that lays the golden egg folks, and most people are just blind to it.. either because of ideological blinders, or pure ignorance.... And you want to see what political upheaval looks like, do nothing... its just a matter of when, not if, it will come.


91 posted on 07/27/2017 6:11:28 PM PDT by HamiltonJay
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To: Impy; BillyBoy
RE:”Completely unacceptable, if true, hard to trust any supposed news about the White House from anonymous sources.”

I saw this thread but declined to comment on it for similar reasons.

Bannon has zero control what gets through congress, and at this point Trump will sign ANYTHING called Healthcare or Tax Reform that the congress can get to him.

Look at Obamacare, Now its the ‘skinny version’.

That is desperation.

92 posted on 07/27/2017 6:16:18 PM PDT by sickoflibs (Message to Trump : I am not tired of winning yet. Please more winning ! Get your crap together fast!)
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To: Impy

Says anyone who knows politics and the stupid way the Republicans behave and lose, even now.

F those who in the name of idealism keep making us lose. Really.


93 posted on 07/30/2017 8:19:37 PM PDT by SarahPalin2012
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To: SarahPalin2012

Tax hikes f the economy and would lose a major chunk of the GOP base.


94 posted on 07/30/2017 8:48:28 PM PDT by Impy (End the kritarchy!)
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To: Impy

Did you see the Rasmussen poll now under 40% for first time. Do you understand nuance? Just saying “TAX HIKES’ doesn’t f make it all the f same.

It’s only for talking point purposes to defeat the left. If one increases taxes by 0.0001% for those in the top 0.00001% of the population, then dramatically lower taxes for 99.99999% of the population to 10%, you still win the talking points war without actually in a literal sense raising taxes.

But I get it. We’re the stupid party. I really really get it.


95 posted on 07/31/2017 7:35:44 AM PDT by SarahPalin2012
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To: SarahPalin2012

Decent people don’t want to “tax the rich” and doing that will gain the GOP nothing. Cut taxes across the board.


96 posted on 07/31/2017 2:11:42 PM PDT by Impy (End the kritarchy!)
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To: Impy

Since you’re having a hard time understanding that this is hardball politics, let’s make it easier for you to understand. Why don’t we say that we will increase taxes on the top two individuals by $1 each, so we can say that we raised taxes on the ultra wealthy (to counter the left’s claims that we are the party of the rich).

By the way, those two top individuals are Jeff Bezos of Amazon/Washington Post, and Bill Gates.

Would that be ok with you? It’s just a dollar for those two guys. By the way, I’m done. Cheers.


97 posted on 07/31/2017 5:22:23 PM PDT by SarahPalin2012
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