Republican frontrunner Donald Trump released his much awaited tax proposal Monday. At first glance, many Americans and businesses who hate paying taxes should be celebrating because it reduces taxes in a lot of areas and for both the rich and the poor. Whether or not it goes far enough can be debated.
More importantly, the establishment media detests it. The Washington Post, CNN and the New York Times are enraged by the proposal, which could mean a good thing. If you’re hated by the mainstream media then take it as a compliment, plus it’s usually good for your polling numbers.
Here is what Trump said about his own tax plan:
“It will provide major tax relief for middle income and for most other Americans. There will be a major tax reduction,” Trump said Monday at a press conference at Trump Tower in New York. “It’ll simplify the tax code, it’ll grow the American economy at a level that it hasn’t seen for decades.”
For those households that pay zero income taxes, “They get a new one page form to send the IRS saying, ‘I win.'”
So, what is inside Trump’s tax plan? Here is a brief rundown of his tax strategy:
– Top income tax rate would be cut from 39.6 percent to 25 percent.
– Maximum rates on capital gains and dividends would be cut from 23.8 percent to 20 percent.
– The corporate tax rate would be cut from 35 percent to 15 percent, and provide a special tax rate of 15 percent to business owners.
– He would eliminate the estate tax.
– Married couples would pay zero tax on their first $50,000 of income and just 10 percent on the next $50,000.
– Individuals with low-to-moderate incomes would see their income tax bills reduced to zero.
– Thirty-six percent of Americans today pay no income taxes. This would rise to 50 percent under Trump’s plan.
When asked if his plan would affect his own rate, he responded that he’s cutting taxes and “there will be people in the very upper echelon that won’t be thrilled with this.” He added that he fights “like hell to pay as little as possible.”
Here is what WaPo’s editorial board states:
“Mr. Trump claims his plan wouldn’t starve the treasury of any revenue. That seems impossible. He claims he would do more to phase out income tax deductions for the rich and super rich, but he doesn’t provide nearly enough specific details, and he exempts from reform the mortgage interest tax deduction — a $70-billion-per-year tax break that overwhelmingly benefits the wealthy. Similarly, he claims he would limit corporate deductions, but, with a couple of exceptions, he doesn’t say which ones or by how much.”
Another common malnomer put out by Salon is that Trump’s plan would cost the federal government trillions of dollars. This is a false premise.
When the government is giving you your money back, it isn’t costing them a thing because it’s your money in the first place. By accepting this idea that tax cuts cost government anything is welcoming the concept that the government owns all of the property in the country. It doesn’t.
For anyone who hates taxes, the IRS and Washington, this may be the best plan out there today among all of the presidential candidates.
The dishonor that has been brought upon our great nation is at times too much to bear. Obama has demonstrated complete disrespect for the law and We the People throughout his presidency. And now he has shown the same utter disregard and disrespect for rule of law and the US Constitution. These administration Big Lies are getting tougher to cover up. With the future help of patriotic citizens like you, less Democratic and liberalized press outlets are publicizing treacherous tactic this government attempts and exposing Obama’s anti-American agenda showing Americans the wilting economy and bad policies.
People, this man has blood on his hands. Remember Kate Steinle–the American woman allegedly killed by an illegal alien with SEVEN felony convictions and FIVE deportations! He’d found protection in the “sanctuary” city of San Francisco–which openly defies cooperation with federal immigration enforcement. Righteously indignant elected officials advanced “Kate’s Law” to reveal the truth and deny sanctuary cities federal funding.
But this is just one blood drop in the ocean of the pain and suffering of unknown numbers of citizens an lawful residents murdered by illegal aliens and the facts hidden from us all by the mainstream press or some lesser known state law. I think the national Press whose encompassing presents dominates the internet and hide the truth about the mayhem on city streets or highways by illegal immigrants.
However, friends this is one of the most important messages that’s ever delivered–we have a major problem that’s even bigger than Obama’s lax enforcement at the border or in the interior of our country. Lurking in the shadows is an even greater risk to liberty. That through Obama’s executive orders and the failure of the judiciary to stop the illegal alien amnesty, we will be inundated with even more illegal aliens trying to gain entrance through illegal means, knowing that once here, deportation will be out of the question especially women with children.
Government already feeds the needs of business owners with 1 million plus most legal immigrants a year, so we can least afford to allow more when we have 90 million American in part time, unemployed situations. The only I see for a less reckless future that is entertained by both the GOP establishment and Democrats is the emergence of Mr. Donald Trump. My family and friends see that ONLY Senator Ted Cruz that is willing to stop another path to citizenship as was unfortunately granted in 1986.
Being honest is essential for the next President, as the American people have been lied to, by the political parties and Donald Trump is the ONLY one trusted alleviate the damage done to the American economy by illegal welfare recipients, who has paid nothing into the system. I do not even believe that their are only 12 million illegal aliens in the United States. Numbers I have heard range in the 30 million? The cost also I have heard is about $$100 billion annually, with taxes some people pay around $$13 Billion.
Like a lottery win I wish for Donald Trump to be President; to build his wall and being to an end to ‘Optional’ E-verify law. The American people must insist of the 100 Senators and 435 members of the House of Representatives introduce MANDATORY E-VERIFY, that nobody escapes in the workplace. Every person in any working environment must be screened–everybody, including ALL hires–not just new hires. That this is a crime against the American people of illegal immigrants stealing jobs in complicity with US companies. A reward and a need for informants to contact ICE, furnishing details of a felony being committed and not a misdemeanor. With heavy duty fines and even prison for untrustworthy business owners who pay no heed to the MANDATED law. Just for once the law under Trump as President will be unable to manipulated by Special Interests and Cronyism.
During this campaign season John Boehner, McConnell and his fellow lapdog establishment Republicans promised to lay to rest Obama’s proposals. Trust us, they whispered, we’re with the American People, So they were voted back in there seats, as a majority. They waited for Americans to ease back to inanimate slumber. Then these calculating morons and white haired hacks scurried about to implement Obamacare, amnesty, tax hikes and gross deficit spending nervous that they might have to deal with a government shut down? I think Americans realized they had been taken to the cleaners, because these career insider politicians have caught the wrath of promoting Donald Trump, Ben Carson, Carly Fiorina to top of the polls. The analysis of Senate actions under McConnell shows the majority voting with Obama as high as 82 percent of the time. Once again the American People came last.
McConnell has the same behavior pattern as Harry Reid in more ways than one. Just like Reid, he’s abusing Senate procedures to manipulate votes, policy and members of his own party. Thank God for Senator Ted Cruz who rightfully called McConnell a “liar.” Some establishment Republicans condemn Cruz for the breaking of decorum, but he was right. We should applaud Ted Cruz his heroic self-control, under impossible circumstances.
Donald Trump could do no better than Senator Cruz as Vice President?