Donald Trump is not just going to propose raising taxes, and propose raising taxes on the rich, but he is going to argue that too many of the rich and large corporations have been acting like "takers."
Hoo-boy! Let the real fireworks begin:
Republican front-runner Donald Trump began to flesh out his economic vision for America, and it includes raising taxes on the wealthy.
Trump said during a Wednesday interview on Bloomberg’s With All Due Respect that he would like to change the tax code.
Trump sat down with Bloomberg Politics’ Mark Halperin and John Heilemann, and surprisingly enough, he voiced his support for scrapping the carried-interest loophole, which tax hedge-fund profits at a lower rate than usual income. Eliminating the Wall Street tax break been a priority for many Democrats for quite a while.
Trump went on to complain that multi-millionaires are currently “paying very little tax and I think it’s outrageous.” After stressing his support for middle-class tax breaks – the Republican candidate has not yet outlined any specifics – Trump added, “I know people in hedge funds that pay almost nothing and it’s ridiculous, OK?”
As the NYT reports, Trump has also proposed imposing a 35% additional tax on carmakers that ship jobs overseas, and
Mr. Trump has also been critical of hedge fund managers and the favorable tax treatment they receive. Calling them “paper pushers” who he says often just get lucky in making their money, Mr. Trump said last weekend that their taxes should be higher while the middle class should have their taxes reduced.
Hedge funds are not the only business groups that Mr. Trump has singled out. This month he lamented corporate “inversions” — when an American company acquires an international company so it can relocate its headquarters to a country with a lower tax rate.
“They have no loyalty to this country,” Mr. Trump told NBC. “And we have to do something.”
This could be really significant. Everyone knows that the modern Republican party is an awkward, fragile alliance between disaffected White Southern voters largely advancing the economic interests of an extremely wealthy elite. A self-financed, maverick billionaire - who holds the most xenophobic positions in the race - while indignantly attacking the core Republican shibboleths of "trickle-down" economics and uncritically worshiping the wealthy?Trump is cherry picking issues that are truly of concern to the majority but keep this in mind republicans can sanction him and obstruct and Dems who might agree have to consider the whole picture he can't do any of this without the rest of his multi factioned party and Progressive help.
he's created a reverse dynamic proposing what his party has traditionally not supported or even whispered and what Dems have been trying to accomplish for decades unsuccessfully do to republican resistance, this is a move to try and bring in Liberal voters but don't bite he can not do any of it even if Dems backed him
because republicans and more so the right wing won't permit their status quo to be tampered with he's trying to zoom us. recognize all this conflict between him and the right wing i believe is just act one in the their play the greatest thing they can do is convince us that they are not doing it, hmmmmmm wasn't there a similar line in the movie "THE USUAL SUSPECTS" about the devil??????????? just sayin
https://www.youtube.com/watch?v=KnGo6Qm0Wt8
