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| Trump tax plan(s) | |
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| Tweet Topic Started: Jun 2 2016, 07:26 AM (617 Views) | |
| Stoned | Jun 2 2016, 07:26 AM Post #1 |
Fire & Ice Senior Diplomat
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As with any Trump proposal one must start at the beginning so as not to lose track of the twists and turns ommissions, additions and changes.. All of which are YUUUGE! Sometime in Sept last year: On Monday, a left-leaning think tank analyzed Donald Trump's new tax plan and found it would cost roughly $10.8 trillion over a decade, more or less cratering the government's finances into fiery rubble while largely benefiting the rich. That estimate, however, did not account for any salubrious effects the proposal might have on economic growth. What happens when you do? Today, the conservative Tax Foundation offered an answer. Without factoring in growth, it found that Trump's plan would actually add $11.98 trillion to the 10-year deficit. Once the boost to growth that would result from slashing taxes is factored in, it would only cost $10.14 trillion ... more or less cratering the government's finances into fiery rubble. http://www.slate.com/blogs/moneybox/2015/09/29/donald_trump_s_tax_plan_the_tax_foundation_says_it_would_add_at_least_10.html |
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| Stoned | Jun 2 2016, 07:35 AM Post #2 |
Fire & Ice Senior Diplomat
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We m will add this justy to show that no one, conservatives included thought much of this "plan" The Tax Foundation also noted that Trump’s plan, based on the idea that it will make up for lost federal revenue by closing tax loopholes, is mathematically impossible. The Tax Foundation is a Koch-funded conservative group. This is more proof that the Trump is all talk. http://trofire.com/2015/09/30/trumps-tax-plan-would-cause-the-national-debt-to-explod/ |
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| Stoned | Jun 2 2016, 07:41 AM Post #3 |
Fire & Ice Senior Diplomat
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By December nothing much had changed here is what Fortune thought. An analysis of Donald Trump’s tax plan by a research institute reveals two interesting points: the U.S. government would get a lot poorer, and the wealthy would get a lot richer. http://fortune.com/2015/12/23/donald-trump-plan-tax-policy-center/ |
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| Stoned | Jun 2 2016, 07:41 AM Post #4 |
Fire & Ice Senior Diplomat
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For the policy wonks such as Neutral who demand to know the facts http://www.taxpolicycenter.org/publications/analysis-donald-trumps-tax-plan/full |
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| Brewster | Jun 2 2016, 09:17 AM Post #5 |
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Fire & Ice Senior Diplomat
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$10.14 Billion? A mere bagatelle! The poor and middle class will have no problem with a tiny deficit like that... Go for it! |
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| Sea Dog | Jun 2 2016, 10:03 AM Post #6 |
Fire & Ice Senior Diplomat
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"An analysis of Donald Trump’s tax plan by a research institute reveals two interesting points: the U.S. government would get a lot poorer, and the wealthy would get a lot richer." Sounds like the standard GOP to me! |
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| Berton | Jun 2 2016, 10:32 AM Post #7 |
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"Without factoring in growth" Under Trump the economy will finally start to grow so the conclusions are wrong. |
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| Brewster | Jun 2 2016, 12:35 PM Post #8 |
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Fire & Ice Senior Diplomat
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What in the world led your tiny brain to THAT conclusion? Which of his scams? Was it his "University"? Which of his commercial ventures, which usually end with him either admitting he had no money in it, or outright bankruptcies? Or maybe it's the fact that he was one of the few who actually made money off Fanny Mae? (On the backs of the Little Guy, of course...) I Know! It was his famous Trump Steaks!!! Ahh yes, the whole world will be better off with such an outstanding businessman at the helm... Edited by Brewster, Jun 2 2016, 12:40 PM.
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| jackd | Jun 2 2016, 07:17 PM Post #9 |
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You should not worry too much, Trump has some very high level supporters. One in Russia, the other in North Corea.
Edited by jackd, Jun 3 2016, 07:44 AM.
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| Berton | Jun 2 2016, 07:42 PM Post #10 |
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It doesn't take much to get the economy growing again. Just getting rid of Obama will be a first big step. I understand that as a socialist you are unable to understand that so I will not berate you for your shortcomings. |
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10:44 PM Jul 11
