The Real Trump Budget Plan: 1999

[abu afak]

When Trump could do Math/wasn't pandering/Pre-breakdown.
Tellem Donald! Probably still work!

Trump proposes Massive One-time Tax on the Rich
By Phil Hirschkorn/CNN
November 9, 1999
Trump proposes massive one-time tax on the rich - November 9, 1999

NEW YORK (CNN) -- Billionaire businessman Donald Trump has a plan to pay off the national debt, grant a middle class a tax cut, and keep Social Security afloat: tax rich people like himself.

Trump, a prospective candidate for the Reform Party presidential nomination, is proposing a one-time "Net worth tax" on individuals and trusts worth $10 million or more.

By Trump's calculations, his proposed 14.25% levy on such net worth would raise $5.7 trillion and Wipe out the Debt in One full swoop.

The U.S. national debt decreased by $9.7 billion in September but remains at $5.66 trillion, according to the latest U.S. Treasury figures.

The net worth tax is the Cornerstone of Trump's economic plan released Tuesday morning.....
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[ABikerSailor]

Actually, returning to the tax rates we had under Clinton would do a lot of good.

 

[abu afak]

I agree.
Perhaps even the Taxes we had under Gerald R Ford.
(higher on the rich)

 

[ABikerSailor]

You know, in his speech today, Trump said the economy was better 20 years ago, because people had a living wage and could make ends meet with just one job.

Only problem is...................20 years ago was under Clinton. Guess Trump liked Clinton's tax policies and is thinking of returning to them.