Donald Trump Tax Plan for Economic Growth And Repatriation of Business

Posted by Tina

Donald Trump unveiled a tax plan to “Make America Great Again” this morning with great enthusiasm. I share his enthusiasm because the plan would kick start our sluggish economy, create amazing opportunities for American workers, and simplify the tax code. Trump predicts this plan will create economic growth at between 3% and 6%. The details follow:

Reduce the number of tax brackets to four. The highest tax rate reduced from 39.6% to 25% imposed on married couples making more than $300,000 a year. The other brackets would have rates of 20%, 10% and zero

The alternative minimum tax and the death tax would also be gone.

Capital gains tax would be lowered from 23.8% to 20%

Trump also talked about trade, government waste, and inequitable free military protection for other nations.

The corporate tax rate would be lowered from 35% to 15%

The plan would grant a one-time repatriation of corporate cash held overseas at a discounted rate of 10 percent and an end to the deferral of taxes on corporate income earned abroad.

Major deductions and loop holes will end, including the carried interest loop hole that allows managers of hedge funds and private equity firms to pay a lower tax rate than “their secretaries!”

A cap on what businesses can deduct as expenses would also be phased in, according to the Trump blueprint. Trump leaves in place all current deductions for charitable giving and mortgage interest.

Expect mixed blow back from hard core liberals as well as his competition…the contest rolls on.

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34 Responses to Donald Trump Tax Plan for Economic Growth And Repatriation of Business

  1. Pie Guevara says:

    “A Few Quick Thoughts on Trump’s Tax Plan

    “Donald Trump fancies himself a financial whiz and an original thinker, but his tax plan—characteristically vague though it is—runs up against the same problems faced by Jeb Bush and many other would-be tax-cutters and repeats their errors: It is nearly impossible to cut federal income taxes in a way that primarily benefits low-income Americans, because high-income Americans pay most of the federal income taxes.”

    http://www.nationalreview.com/corner/424734/few-quick-thoughts-trumps-tax-plan-kevin-d-williamson

    • Tina says:

      A few thoughts on Mr. Williamson’s thoughts.:

      Obviously we’ve already cut income taxes for lower income citizens…you can’t get lower than zero. A few more people would fall into this category (I suppose) under the Trump plan. But….

      The number one priority for America right now is growth that will create lots of JOBS. This tax plan has several elements that would stimulate growth like this country hasn’t seen in awhile. The “benefit” to low and middle income Americans, and that benefit is huge, is increased opportunity. Opportunity to get a job, to get a better job, to start a business, and an opportunity for all Americans to save and invest in there own futures.

      The tax plan also directly benefits the small businesses that create most of the jobs with lower tax rates.

  2. J. Soden says:

    Would like to see those who received welfare, food stamps, unemployment or housing benefits from goofernment pay a tax on those handouts. Social security – that we earned – is also taxed as income, so why shouldn’t other goofernment benefits be treated the same?

    You don’t want to pay taxes on your benefits? Then don’t accept benefits!

    • Tina says:

      J. (Can I call you that?), I agree that all Americans should contribute so your idea is very intriguing. My only problem with it is that it would expand the bureaucracy unless the tax is deducted prior to distribution…can we count on the various departments that hand out free goodies to track it? Hmmm, questionable at best.

      I prefer a flat tax or consumption tax so every American pays a percentage of what he “gets” or pays based on consumption.

      Of course all tax plans will be changed by a calculating Congress down the road.

      The best defense is an educated pubkic but with liberals playing word games it’s tough. Sad, America could be so much stronger and people so much more satisfied in their lives.

      • J. Soden says:

        A flat tax is fairer so everybody pays!
        The way it is now, there are too many lobbyist-induced loopholes and convoluted “instructions” that make it impossible for anyone to honestly understand. Even the IRS – when they’re not too busy going after conservative 501(c) applications . . . .

  3. Chris says:

    We should make sure to get Snooki’s tax plan too, as long as we’re talking about plans from ridiculous reality stars who will never be president.

    • Tina says:

      Chris is that the best you can do with that college educated mind? You sound more like a teenager than an adult who, God help us, teaches our kids.

      Celebrity or not, the man knows more about business, getting things done in the face of multiple road blocks, fighting the bureaucratic maze and working with foreigners, and their bureaucratic mazes, than most who are running…especially those on the left who have none of these skills.

      Trump may not win…but then again, he might. Barring ridiculous IRS and voting shenanigans, the American people will decide. Their decision, whatever it is, couldn’t possibly be as disastrous as the man who ran as celebrity in the last two elections.

      I think your real problem is that you don’t have a quality, skilled candidate of any prominence, other than one with a hefty set of baggage.

      • Chris says:

        Tina: “You sound more like a teenager than an adult who, God help us, teaches our kids.”

        That you can say this while defending Trump, an adult who talks like a fifth grade schoolyard bully, is deliciously ironic.

        All anyone needs to know about Trump’s tax plan is this:

        “If you are single and earn less than $25,000, or married and jointly earn less than $50,000, you will not owe any income tax. That removes nearly 75 million households – over 50% – from the income tax rolls. They get a new one page form to send the IRS saying, “I win,” those who would otherwise owe income taxes will save an average of nearly $1,000 each.”

        http://www.nationalreview.com/corner/424717/under-trump-certain-tax-forms-would-say-i-win-jim-geraghty

        Does this sound like a serious proposition from a serious man? The rest of his tax plan was pretty conventional, but he just couldn’t resist getting one of his petty and vindictive digs in there. The man is a moron who inherited half his wealth and lies about being a self-made man, and has gone bankrupt several times. He is incredibly secretive about his true wealth and yet you say nothing about that when you claimed Obama was so secretive about his own past. He calls everyone who even mildly criticizes him a “loser,” a “lightweight,” or some other dumb insult. He went after Megyn Kelly with mysoginistic attacks after she asked him about his history of mysoginistic attacks. He makes clothes in China while saying it’s everyone else’s fault that China is outcompeting us. Anyone who would even think of voting for him is as stupid and unethical as he is.

        • Tina says:

          Chris it does sound like a man with a serious plan.

          It took the Democrats 75 years to get most of what they wanted and they did it one bite at a time. When they passed medicare what they wanted was universal healthcare but they knew the people wouldn’t go for it. They experienced a few setbacks along the way but always came back for another bite.

          Republicans have lost ground again and again because we eat our own rather than being unified behind what is possible right now…always looking to future gains.

          The plan isn’t perfect but let’s face it, any plan issued by a presidential contender (or a president for that matter) is just a proposal…a set of ideas for consideration by Congress.

          I don’t care whether the Trump proposal is perfect; I care that it moves the ball toward the goal post. I care that it has elements that would end loopholes, repatriate companies, and create a more vibrant economy and JOBS!

          You focus on celebrity and personality, which is fine. You make accusations of “secrecy” but offer no evidence., which is also fine. But if you’re going to criticize his tax plan at least do me a favor and argue the plan on the merits of the plan!.

          And for the record I have not decided who I will support for President other than knowing there isn’t a Democrat that I would ever consider. Eight years of their radical, destructive, America bashing, Marx loving agenda is quite enough!

          • Chris says:

            Having the poor sign an IRS form that says “I win” is a serious plan to you? Are you insane?

            In other words, you will never, ever criticize a fellow Republican no matter how crazy or radical they are. (Oh wait, unless they’re a “RINO,” which is of course way worse than being a fringe extremist.)

            “I think your real problem is that you don’t have a quality, skilled candidate of any prominence, other than one with a hefty set of baggage.”

            That is certainly a problem, but it has nothing to do with the problems with Trump, which are obvious to any halfway intelligent person.

  4. Robert says:

    Com on man, this cash repatriation of a 10% comes out to be a 625 billion dollar wind fall tax credit to the rich. What does America get for that much money? 2.5 trillion times a present 35% tax rate is 875 billion dollars and Trumps 10% comes to 250 billion and the difference is 625 billion wind fall.

    • Tina says:

      Robert you might benefit from answering a few questions…heck we all might if you’re willing to be honest.

      1. If you pay income taxes, do you take advantage of the tax laws that give you deductions?

      2. If you had a very large company would it make sense to locate in a nation that gave your company a more competitive edge than the US currently does? (Tell the truth)

      3. Who benefits when American companies and their cash are kept in foreign countries, American workers or foreign workers?

      4. What do companies do with their profits?

      5. Would you rather be successful and self sufficient or needy and dependent?

      6. If other people are rich does it matter, does it impact you in your everyday life, or can you do well based on your own willingness to work and plan for your future?

      7. What would you wish for able bodied Americans, a life based on self sufficiency or class envy?

      That should do for starters.

      I’m guessing you are a fairly logical, common sense kind of guy. I’d like to tap into those qualities and ask you to set aside politics for a minute. I encourage you to think beyond the sound bite, “tax cuts for the rich” and see what your gut tells you about America making smart tax policy that creates opportunity for Americans and America basing it’s tax policies on class envy and redistribution.

  5. Robert says:

    Tina, I just asked what do the classes get from this tax cut to the rich? You are a trickle down economist and I know it does not work. Trumps tax plan was refreshing and entertaining, I like the simplicity. As someone who has been on their knees to the IRS man their could not be a better problem to fix, unless he choose women’s equal rights.

    Tina were you asking who benefits with the cash that is held in tax heavens that requires repatriation, well that should be specifically apparent, the outlaw who put it there and the employees/partners that action involved. Tax havens require fees and percentages mostly so foreign economies benefit and continue to benefit.

    You ask would I take a company overseas to make money no but to service other locations yes.

    Why you ask “Would you rather be successful and self sufficient or needy and dependent – ” trying to piss someone off. Then If other people are rich does it matter, does it impact you in your everyday life, or can you do well based on your own willingness to work and plan for your future? then 7. What would you wish for able bodied Americans, a life based on self sufficiency or class envy? Answer I cuss. Then to stay on topic Trumps NAFTA attack rings home too.

  6. Tina says:

    Robert thank you for responding. I wish you had been willing to answer the questions directly.

    You say trickle down doesn’t work. I would ask, “what does?”

    Under the polices of those who criticize trickle down we have experienced a sluggish economy, a shortage of jobs, a downturn in small business creation, businesses unable to expand or hire, a lot of people moving into dependence on their fellow citizens for handouts, and big corporations and the wealthy being the only ones making money. That’s why I would ask, “Would you rather be successful and self sufficient or needy and dependent.” I ask not to “piss you off” but to ask you to consider.

    I’d describe the socialist record described above as trickle up poverty. How would you describe it?

    Robert I think you are fooling yourself. I think if you owned a big company, even if your first priority was service to other people in other countries, you would also be interested in the money you would make because it would be unavoidable! Companies make money or die and that money would create a dilemma for you. What to do with it? You can’t keep it all in your pocket. So you would invest the profits by expanding your business (creating jobs) and paying investors dividends on their investment. You, being an honest person, would also do what is legal to limit your tax liability. And since the US tax code is hostile toward you, you would do what you had to do (legally) to avoid that hostile environment of higher tax rates than your global competitors, double taxation on profits, and unreasonable, costly, regulations.

    You say I asked, “who benefits with the cash that is held in tax heavens that requires repatriation, well that should be specifically apparent, the outlaw who put it there and the employees/partners.”

    “Outlaw” is only an apt description if you believe the money was stolen, or to put it another way, you believe all money belongs to a Marx style government that blatantly claims they will distribute it “fairly”

    Also, the money held offshore doesn’t “require” repatriation. That money is the property of the companies that hold that money off shore, a constitutionally protected right. But it is “desirable” to repatriate the money because it would benefit the American people.

    It’s STUPID for our government to write tax policy that drives companies and their profits out of the country! It’s also a gross miscalculation of cause to blame companies for simply doing what is legal and smart for the viability of the company, it’s investors, and employees.

    Go ahead and cuss if you think it will make a difference. I’ll continue to explain why the alternative to trickle down (Obama style economics) results in the rich getting richer (They always do) and the rest of us falling into economic misery with lost opportunity and a growing slavish dependence on the elites in government to provide as they see fit!

  7. Robert says:

    Tina and to whoever is listening to her, a reckoning, like real Roosevelt style stuff like when the big rich cough up 100% of their profits as taxes. This is America and it is to big to fail. So the rich pay for their position in life and they get to enjoy not having chaos at the gates.

    Always the Democrats have to come in balance the budget. You mention Obama style man what was that going on with the trillions in bailouts and cash injections right in front of all of us and the new President. That shook many to the bones to have the purse strings and to give your associates all the money in the world and what did President Obama get (Obama Care). Measure with your heart and witness what a Democrat with what he got less than 400 billion to what the Republicans (President Bush and Sec of Treasury Paulson) did with the trillions in the bail outs.

    You don’t appreciate what is going on, people work and take orders from dumb asses and they still can not pay their way. Women position is intolerable around the world and in America we have 3 women CEO’s per 500.

    Why? Because your are that and you are that and you can make only this much money. The good old boy American way, the rich pay for what a mess it is, now they should pay to clear it up, until All Americans are in a better position secure in the reasoning that we have had a reckoning in what should be better position for the majority.

    Why the obscene profits made on stuff that people need just to work, electronics, food, transportation and alike? Do rich have to take all the available money. Dam pots still illegal ……………o ups.

    • Post Scripts says:

      So, Robert I take it you are going to vote for Bernie Sanders? lol You would probably vote for Karl Marx if he were running. And I’ll betcha you’ve never read Atlas Shrugged, right?

      You were rambling quite a bit, but I got the gist of what you were saying. It’s another rendition of it’s all the fault of the “man”…the rich “man.” Gag. Like most commie/socialists you want the government to wage war on the wealthy so you can have more!

      Yeah, you pretty much have the rhetoric down. But, I hate to break the bad news to you, the world has actually tried Communism/Socialism and it crushes the human spirit, kills liberty and denies wealth. Ours form of government isn’t perfect, but it’s a lot better than socialism or communism! I can prove it too.

      Then you wrongly said, “democrats have to come in to balance the budget.” You lost me on that one.

  8. Tina says:

    Chris I think it’s nuts (And incredibly PC) that you think, “I Win,” in the game called, “Who Pays Taxes,” is a negative! For the individual it’s very good news.

    I think it’s dumb to criticize me for not bashing Trump. Why should I when you are having so much fun doing it yourself!

    I think it’s insane that you attack me personally rather than commenting on the actual ideas in the plan…or not commenting at all.

    For the record, I have criticized republicans. But I do not see any reason to do it often or to bend to your wishes when it comes to bashing republicans.

    What is this obsession with keeping score?

    • Chris says:

      Tina, what exactly is the purpose of the “I win” form? Is there one?

      The policy would apply to anyone who doesn’t make enough money to pay income taxes. Surely being in such a low income category isn’t exactly “winning.” It strikes me as obviously sarcastic and judgmental; I don’t know how anyone could miss that, unless they were trying really really hard to do so. But you’ve denied the meanings of statements that were much more crystal clear than this one, so I don’t know why I expected better this time.

      It’s as if Trump realized that his plan was too conventional and standard and that he had to add in something petty and juvenile to get attention. He’s like a kid who doesn’t know the difference between positive and negative attention. I don’t know how anyone who has criticized Obama for being a narcissist or having a huge ego could possibly rally behind Trump and not see the glaring hypocrisy. Trump is still inexplicably popular among Republicans but there’s going to be a bad hangover from this phase, a “morning after” if you will, when you realize who you got in bed with and I don’t think your party is going to benefit in the long run.

      • Tina says:

        Chris the purpose in filing a form is tracking. The government must keep track of who pays and who qualifies for benefits and how much in benefits they can receive. It also serves as evidence if someone is caught making more than they reported.

        “Surely being in such a low income category isn’t exactly “winning.”

        The “category” isn’t “income.” I clearly pointed out the category is, “who pays taxes,” which you choose to ignore. Those who “don’t win” in the category, “who pays taxes” are any who do have to pay! The rich are the big losers since they pay the majority. In fact n 2010 they paid ALL and more…

        CNBC on a CBO report from 2010:

        Buried inside a Congressional Budget Office report this week was this nugget: when it comes to individual income taxes, the top 40 percent of wage earners in America pay 106 percent of the taxes. The bottom 40 percent…pay negative 9 percent.

        You read that right. One group is paying more than 100 percent of individual income taxes, the other is paying less than zero.

        It’s right there in Table 3 on page 13 of the report. The numbers are based on 2010 IRS and Census Bureau figures.

        I’d call that a big win.

        “I don’t know how anyone who has criticized Obama for being a narcissist or having a huge ego could possibly rally behind Trump and not see the glaring hypocrisy.”

        Trump has a big ego. I don;t think he’s necessarily a narcissist.

        My post isn’t a “rally behind Trump.” My post was a rally behind the tax plan:

        Donald Trump unveiled a tax plan to “Make America Great Again” this morning with great enthusiasm. I share his enthusiasm because the plan would kick start our sluggish economy, create amazing opportunities for American workers, and simplify the tax code.

        Others have promoted similar plans and I was “enthused” about them too and for the same reasons!

        “…there’s going to be a bad hangover from this phase, a “morning after” if you will, when you realize who you got in bed with…”

        Here’s a shocker…the election hasn’t happened and nobody on this blog has fully endorsed any candidate but Chris has already predicted a “hang over.”

        The current administration has given the nation a HUGE hangover and Chris has yet to admit, in any meaningful way, just how disastrous it’s been, other than to say he didn’t vote for Obama the second time. In fact, he has slavishly clung to policies that do not work and i the case of world affairs has created chaos and mayhem.

        Obama is the worst president ever! Compared to Democrats record Republicans will do fine.

        Neither party has served the people well…but Democrats have sold America down the river in world affairs and destroyed our economy. You can try to deny that all day long but it won’t change the facts.

  9. Tina says:

    Robert, I’m often more long winded than Jack…he hit the nail on the head! But in case you are really interested in learning…

    Republicans and Democrats have let the American people down by overspending. I won’t argue that. The budget is almost never balanced and the debt always grows.

    The bailout spending you attribute to Bush was a bill passed by Congress as an emergency fix for the collapse. There is no Bush policy that led to the crash. In fact Bush asked Congress again and again to address the problem and Barney Frank (Dem) refused to allow it. A bill passed by Congress and signed by Bush, “The Emergency Economic Stabilization Act of 2008” authorized the United States Secretary of the Treasury to spend up to $700 billion to purchase distressed assets, especially mortgage-backed securities, and supply cash directly to banks. Mortgage backed securities were created as a way to make big bucks and hide bad loans (or so they thought).

    The bailout was a difficult decision. Democrats and Republicans favored the bailout in enough numbers to pass a bill. Barack Obama and John McCain were among them:

    John Lewis, a Democrat who switched sides, said: “I have decided that the cost of doing nothing is greater than the cost of doing something.”

    Both presidential candidates – Barack Obama and John McCain – expressed support for the package in spite of an estimated $100bn of controversial tax credits added to win support from waverers. These included aid for special interests including Hollywood film studios and for the manufacturers of children’s wooden arrows.

    The Democratic leader in the House, Steny Hoyer, said: “The American people expected us to act, to respond to the best extent we could, to stop the downward flow in the markets and to restore the flow of credit in the economy.”

    Then Obama took office and, with a democrat super majority in Congress, he enacted the $1 trillion “American Recovery and Reinvestment Act”:

    In early 2009, President Obama predicted that his American Recovery and Reinvestment Act would “jump-start our economy,” “create new jobs,” and provide “many years of economic growth.” He claimed that this growth would “cut the deficit in half by the end of [his] first term in office” and put “our nation on sound fiscal footing.” Terrified of a repeat of the Great Depression, Americans supported the president’s plan for more than $1 trillion in new government spending.

    The White House predicted that in 2012 the economy would grow by 4.6 percent, unemployment would drop to 6 percent, and the budget deficit would shrink to a mere 3.5 percent of GDP.

    Well, here we are, and no one is talking about these predictions anymore. Real economic growth has stagnated at 2 percent, while official unemployment hovers near 8 percent and actual unemployment remains in the double-digits. Adding insult to injury, the only growth the stimulus spending has actually produced is a ballooning of the deficit to 8.5 percent of GDP. Only in Washington, D.C. could the idea of overspending our way out of a financial hole be taken seriously. It is almost as if, in addition to checking common sense when crossing the D.C. beltway, no one in government learns from past mistakes. (Article posted Dec 2012)

    You say, “Always the Democrats have to come in balance the budget.” But Democrats don’t “balance budgets.” They resist any reforms that would balance budgets and they love to spend, and spend, and spend. Every time there’s an election they talk about new ways to expand programs or give people a handout. It’s worked to get them elected for over seventy-five years.

    The budget was balanced in the 1990’s when newt Gingrich swept the Republicans into the House and forced Bill Clinton to sign their budget into law. A 1998 CATO article explains:

    And 1993 — the year of the giant Clinton tax hike — was not the turning point in the deficit wars, either. In fact, in 1995, two years after that tax hike, the budget baseline submitted by the president’s own Office of Management and Budget and the nonpartisan Congressional Budget Office predicted $200 billion deficits for as far as the eye could see. The figure shows the Clinton deficit baseline. What changed this bleak outlook?

    Newt Gingrich and company — for all their faults — have received virtually no credit for balancing the budget. Yet today’s surplus is, in part, a byproduct of the GOP’s single-minded crusade to end 30 years of red ink. Arguably, Gingrich’s finest hour as Speaker came in March 1995 when he rallied the entire Republican House caucus behind the idea of eliminating the deficit within seven years.

    You can read about Obama’s fiscal record from his inauguration in 2009 through July of 2011 at Zero hedge as an example of Democrat failure tobalance budgets. Our debt moved from $6.3 trillion to $9.75 trillion. It now stands at $19 trillion four years later.

    As you will find at the link above Obama promised something quite different than what he delivered:

    January 20, 2009 – President Obama sworn into office. President tells the American people in his Inaugural Address: “Those of us who manage the public’s dollars will be held to account, to spend wisely, reform bad habits, and do our business in the light of day, because only then can we restore the vital trust between a people and their government.”

    The budget items that are causing our debt to increase under all presidents were Democrat ideas. US Economy:

    In FY 2016, mandatory spending is estimated to be $2.543 trillion, a new record. This is nearly two-thirds of all federal spending, and three times greater than the military budget. Here’s the breakout:

    Social Security – $938 billion (Democrat idea)

    Medicare – $583 billion (Democrat idea)

    Medicaid – $351 billion (Democrat idea)

    Allowance for Immigration Reform – $ 8 billion (Mixed)

    All other mandatory programs – $662 billion.(Source: OMB, FY 2016 Budget, Table S-5 …

    …interest on the national debt is also mandatory. For FY 2016, it’s projected to be $283 billion, another record.

    Bad news: Interest rates have been kept artificially low to curb inflation. Those rates will rise and when they do so will the iterest on our growing debt.

    More bad news. If the rich “coughed up” ALL of their wealth it would only fund the government for about ONE YEAR…then what?

    Profits are not “obscene”…they are the fuel that drives our economy and makes it possible for people to find work and make a living. Companies only sit on profits when the economy is bad…too risky to invest or when taxes and regulations make it too difficult to invest in America! We’ve had a bad economy since the recovery ended in June 2009. Guess who is responsible for companies sitting on all that cash?

  10. Robert says:

    Post Script you bather me with the Communism label, I have ever voted for a communist before and I have nerve advocated that political loser position be adopted,man. Equal rights for all Americans citizens and a equal chance for these citizens, but here it comes, defined above the rights of illegal aliens and criminals. Rights for women mostly, all over the world, and a mighty America where our rights can go with us over any border. I’m not asking for much.

    Do I think Trump is that leader no. However he has captured the imagination of the free but fails with a Mussolini style about him. The wall on the southern border or just inforce the laws we already have or improve the process. I want to go 100 MPH over the border of Mexico and the US back and forth, like Germany and France have. It’s just Mexico is killing us with their non-government government, and illegal crossings of people and products. Modify the IRS with new forms that seems good but the rates are to favorable to the rich. Fix those things and I think were cool. Bernie I do not totally agree with too politically correct, who would I vote for I do not know att.

    Now Tina don’t you remember the 2007’s with Paulson secret Treasury meetings with the biggest financial companies where he divided Americas Treasure because Obama had won the election, whoops, I mean the financials were to big to fail or crash with the rest of the market. Then came the Emergency Economic Stabilization Act of 2008 where the process was more correct. The process of stuffing the rich with all the money. If your like me Paulson and the Stabilization did not give us anything.

    Limited Government just let the rich push money at what they thing is good for every one, no way. Just agree with me a I will be content.

  11. Tina says:

    Robert is English your first language?

    I ask because I’m having trouble understanding exactly what you are saying.

    I will reply as I can.

    If Justice can find anything about the secret meetings that adversely affected the people or broke laws then that should be (or should have been) pursued. The fact remains it was idiotic government policy that established the toxic loans that eventually led to the financial meltdown. Big government means that government has too much power to use laws in ways that do harm, even if they might have meant well. Regulations should be simple and clear. They should not be used for social engineering. The fix, Dodd/Frank, has harmed consumers and put small banks out of business.

    Limited government does not mean the rich can “push” money at what they think is good any more than they do under the bloated controlling government we currently have.

    In fact limited government could mean less influence in your life by the wealthy.

    The rich cannot force you to buy anything…government can. We have to pay into Social Security even though it gives us a very poor return on the investment and places a debt burden on future generations. We have to pay into Medicare which has caused the cost of medical treatment to rise steadily for everyone and again added to the growing debt. We must buy health insurance or pay a fine. We have to pay taxes even for things we do not support.

    These are intrusions into individual decision making about what works for individuals and the family. The extra costs for the big government bureaucracy to manage these programs only add to the burden on citizens as do compliance costs…paying H&R Block, for instance.

    Most of the rich in America did not inherit their wealth. The rich got rich by pleasing customers and offering goods and services at a price that customers are willing to pay.

    Big bloated government, a body that constantly changes the rules, causes the rich and businesses to lobby as a means of protecting against onerous changes and increased costs. This then becomes a “marriage” between elites in government and elites in business, increasing the power of the elite over individuals.

    America was created under a system that gave power to individual citizens and limited power to government officials for just this reason! Our founders wanted to create the least amount of power at the federal government as possible because they had lived under the tyranny of the king. We have been in the process of destroying that republican system for many years. Future generations will deeply regret the loss of freedom as the tyranny of big government increases.

  12. Steve says:

    Trump may be a jerk but his tax plan is immensely better for the future of our nation than what Bernie Sanders has in store for us.

  13. Robert says:

    Ok think not thing and never not ever sorry I do not do this for a living, you talk to much Tina. My vote counts as much as yours.

    I’m with you on the big government that is in the way. It reminds me of the electronic revolution and computer revolution just the rooms that were built for the old stuff that got literally thrown out, how we have the power of the Apollo Program in the palm of our hand vs what it took before to just cage the equipment then and now. Such is big old government it needs to go but the pain in throwing it out is political dynamite.

    I’m with you and you said it well ,”…becomes a “marriage” between elites in government and elites in business, increasing the power of the elite over individuals “, their is no law broken except what a monopoly. Can we say Roosevelt style reckoning needs to happen to brake this up. We should make some room for others with better ideas.

    Immigration problem needs to be fixed with technology and a little political incorrectness. Trump blasted a trail on doing something about illegal immigration. But a wall com on man. Why not a electronic tattoo or something intrusive like that. You get caught you pay like in Germany. Now it is just a waist of money any which way and a problem.

    You say, “Most of the rich in America did not inherit their wealth. The rich got rich by pleasing customers and offering goods and services at a price that customers are willing to pay.” bull, their getting rich maybe not as rich as Dad but their there.

  14. Libby says:

    “Major deductions and loop holes will end, including the carried interest loop hole that allows managers of hedge funds and private equity firms to pay a lower tax rate than their secretaries!”

    And you believe that, do you? Seems to me that RR fed you the same pablum. Have your tastes not matured at all?

    • Tina says:

      No Libby, I don’t believe it.

      I do support it!

      How about you?

      If the last seven years is any indication of your tastes, you’ve moved beyond maturity to rot!

      Good to have you back “old girl!”

  15. Chris says:

    *sigh* Robert–aka Dewey, obviously–I hate to be the one to throw you under the bus again, but I have a principled stand against using multiple usernames to try and hide your identity. It’s an unfair tactic, and in addition, you’re just not very good at it. This was a more impressive showing than your previous attempts, but your writing style is simply too distinct and unusual to fool anyone for long; I’d be surprised if Tina and Jack haven’t figured it out by now.

    I know we’re only a few liberals here but this is dishonest. You say your vote counts as much as Tina’s, but you aren’t applying that same ethic to your conversations here when you try and make your voice count for more than just your own.

  16. Chris says:

    “Chris the purpose in filing a form is tracking. The government must keep track of who pays and who qualifies for benefits and how much in benefits they can receive. It also serves as evidence if someone is caught making more than they reported.”

    I understand that. My question was about the purpose of writing “I win” on the form. Why is that necessary? If it’s not necessary, why should it be done?

    “The “category” isn’t “income.” I clearly pointed out the category is, “who pays taxes,” which you choose to ignore.””

    I ignored it because it was a distinction without a difference. The plan specifically applies to people below a certain income level. That’s the entire reason they won’t be required to pay income taxes. You can’t just ignore that. I’ve lived on less than 25k a year, up until very recently. My mom still lives on less than this. Even with the tax benefits it doesn’t feel very much like “winning.” I’m in a higher tax bracket now and I’m much happier, because even though I’m paying a ton more in taxes I still have a lot more at the end of the month. I have money in savings, which up until last year seemed like an unreadable dream. The notion that the poor have some kind of “free ride” is undeniably forwarded by many conservatives and this seems to be exactly the message Trump is going for with his “I win” message.

    There are a few things to like in Trump’s plan but those two words demonstrate–not the first time–that he’s a petty, unserious candidate.

    • Tina says:

      My question was about the purpose of writing “I win” on the form.

      Do you understand the concept of using a little humor to make a point? Nobody likes to pay taxes and the time and energy to fill out the forms make it even more distasteful. So in the game called “who pays taxes” those who don’t become the winners.

      Chris you insist on making this about “victims” hammered for “being poor.” After two attempts to offer you another possibility, you are immovable. This is the third and last attempt; all I have to say further is, “Figure it out! You’ll be much happier.”

      My husband and I are currently living on less than 25K a year. Have been for several years. You don’t have to explain living frugally to me.

      In terms of the tax game alone, the poor DO HAVE a FREE RIDE! That is just the truth…THEY DON’T PAY ANY TAXES. That’s not derogatory; it just is.

      You are dead WRONG about the motivations and intentions of conservatives, and all because you refuse to get what we are saying and where we are coming from in terms of what policies produce the best result.

      Your complaints about mean people on the right are getting more than a little tiresome, too. It’s not like Democrats never have a petty or mean thing to say about Republicans or citizens, including those Dems who get elected, those who serve under them, and those in the media/celebrities that support them:

      “It’s not surprising, then, they get bitter, they cling to guns or religion or antipathy to people who aren’t like them or anti-immigrant sentiment or anti-trade sentiment as a way to explain their frustrations.” – Barack Obama

      “The point I was making was not that Grandmother harbors any racial animosity. She doesn’t. But she is a typical white person, who, if she sees somebody on the street that she doesn’t know, you know, there’s a reaction that’s been bred in our experiences that don’t go away and that sometimes come out in the wrong way, and that’s just the nature of race in our society.” – Barack Obama

      “You cannot go to a 7-11 or Dunkin Donuts unless you have a slight Indian Accent.” -Senator Joe Biden

      (I) “will not let the white boys win in this election.” — Donna Brazile, Al Gore’s Campaign Manager on the 2000 election

      “Anybody toting guns and stripping moose don’t care too much about what they do with Jews and blacks.” – Democrat Congressman Alcee Hastings on Sarah Palin

      “What more do they want? They have a number of homes, the bigger the yacht, da da da da da, the taller the mast, the whole thing. They have museum quality art. They want immortality. (laughter) They want so much money that their names are all, for prestige they could never get any other way, they could buy with endless money. Because what else could you possibly want?” — Nancy Pelosi. Net worth: 26.43 million

      RNC Chairman Michael Steele, Dr. Condoleezza Rice, General Colin Powell and Justice Clarence Thomas have been characterized as: “sellouts”, “Uncle Toms”, “House Negroes”, “House N-words” and Condi Rice, “Aunt Jamima.” she was also called an ignorant, barefoot “mammy.”

      People really don’t care if politicians attack each other with untrue stories. They figure if you don’t want to get hurt, you shouldn’t have filed for office. They figure whatever happens to us, our lives will be better than theirs. –
      BILL CLINTON, speech at Campus Progress National Student Conference, July 13, 2005

      Democrats depicted Steele as a “Simple Sambo” with a blackened minstrel-style face, nappy hair and big, think red lips. The cartoon caption read: “Simple Sambo wants to move to the big house”.

      Obama referring to a police officer, “acted stupidly. And in later remarks, he said officers were guilty of, “sloppy police work,” and that cops have a “subconscious fear of folks who look different.”

      Condemnation of whole groups of people…a mind reader, I suppose.

      Stephen Colbert, Comedy Central’s “The Colbert Report,” referenced basketball to insult republicans running for president: “But if you want to watch millionaires throwing elbows, there’s still the Republican presidential race: So many characters, so many twists; it’s like a Mexican telenovela that wants to deport itself.”

      “How about I start tonight with good news,” offered TBS host Conan O’Brien in a recent monologue. “KFC has just introduced the new Cheesy Bacon Bowl, which is filled with mashed potatoes, cheese, gravy, chicken and bacon.” The Cheesy Bacon Bowl, he went on, is “now the Republican front-runner for President.”

      Some things are nasty, others are innocent but used as red meat to attract voters. Romney had no ill feelings or prejudice against women but was miss-characterized as a man insulting women because of his “binder” remark.

      Accept it…it ain’t going away. And frankly, don’t we have more compelling and interesting things to discuss?

  17. Libby says:

    I’m just saying that to support a fellow who glories, out loud and in public, in the fact that he pays a lower tax rate than his secretary … to expect him to change the situation … is kinda foolish.

    You bought this bull from a Republican once before, you gonna buy it again?

    • Tina says:

      “…to support a fellow who glories, out loud and in public, in the fact that he pays a lower tax rate than his secretary…”

      That would be Warren Buffet, Democrat supporter.

      Trump was simply using the quote to make a point.

      Buffet is a guy who takes advantage of loopholes for his business to pay less than his secretary and then come out in favor of raising tax rates as the “cure,” knowing full well the loophole would protect him. His response when he was called on it was, “That’s how the game is played.”

      Libby you wouldn’t know bull of you stepped in it, which you did and do in support of democrats and their power hungry, money grubbing policies.

  18. Robert says:

    Well well done. Tina your sheet was showing a little good job Libby. Yes everybody know when you step in it Tina. The project is to get the least amount of it to wipe off or in your case swallow Post Script.

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