Anyone will say that Donald Trump is about as high energy in economics as his Bush Family counterparts. George Bush I inherited the failure of the Reagan Administration to address lower and middle incomes. George Bush II intended an economic stimulus with tax cuts. 50% of tax filers already had zero income tax liability.
Now there is Low Energy Trump, making like a Kettledrum, but actually with no noise to offer. In Detroit, below are remarks below.
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I am proposing an across-the-board income tax reduction, especially for middle-income Americans. This will lead to millions of new and really good-paying jobs. The rich will pay their fair share, but no one will pay so much that it destroys jobs, or undermines our ability as a nation to compete.
As part of this reform, we will eliminate the Carried Interest Deduction, a well-known deduction, and other special interest loopholes that have been so good for Wall Street investors, and people like me, but unfair to American workers. Tax simplification will be a major feature of the plan. Our current tax code is so burdensome and complex that we waste 9 billion hours a year in tax code compliance. My plan will reduce the current number of brackets from 7 to 3, and dramatically streamline the process.
We will work with House Republicans on this plan, using the same brackets they have proposed: 12, 25 and 33 percent.
For many American workers, their tax rate will be zero. While we will develop our own set of assumptions and policies, agreeing in some areas but not in all or in others, we will be focused on the same shared goals and guided by the same shared principles: jobs, growth and opportunity. These reforms will offer the biggest tax revolution since the Reagan Tax Reform, which unleashed years of continued economic growth and job creation. We will Make America Grow Again.
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The last paragraph alone is an outrageous falsehood, starting with sentence one: "For many American workers, their tax rate will be zero." Mostly, for many American workers, their tax rates already are zero. The reforms had started with the raised and indexed standard deduction and personal exemption, equal amounts, in the 1986 tax reform. Bill Clinton's administration created an equal amount per child tax credit. The effect of the "Revolution" was to eliminate all further income tax bills for half the people filing.
Bush II didn't spot that. KettleDrum Don doesn't spot that.
"These reforms will offer the biggest tax revolution since the Reagan Tax Reform, which unleashed years of economic growth and job creation." See George Bush I, Only One Term. Bill Clinton became President of the United States with unemployment level, ready to exceed 8% on its way up fast! The era of the $300.0 tril. federal deficits was about to arrive.
"Crow, James Crow: Shaken, Not Stirred!"
(Many White Eyes ready to shoot arrow into air. Many White Eyes then ready to bury heads in sand! Many White Eyes Then. . . . . .(Oh. . .My. . .Aching. . . .(?!?!). Transgender not big concern, anymore!)
Now there is Low Energy Trump, making like a Kettledrum, but actually with no noise to offer. In Detroit, below are remarks below.
_________________________________________________
I am proposing an across-the-board income tax reduction, especially for middle-income Americans. This will lead to millions of new and really good-paying jobs. The rich will pay their fair share, but no one will pay so much that it destroys jobs, or undermines our ability as a nation to compete.
As part of this reform, we will eliminate the Carried Interest Deduction, a well-known deduction, and other special interest loopholes that have been so good for Wall Street investors, and people like me, but unfair to American workers. Tax simplification will be a major feature of the plan. Our current tax code is so burdensome and complex that we waste 9 billion hours a year in tax code compliance. My plan will reduce the current number of brackets from 7 to 3, and dramatically streamline the process.
We will work with House Republicans on this plan, using the same brackets they have proposed: 12, 25 and 33 percent.
For many American workers, their tax rate will be zero. While we will develop our own set of assumptions and policies, agreeing in some areas but not in all or in others, we will be focused on the same shared goals and guided by the same shared principles: jobs, growth and opportunity. These reforms will offer the biggest tax revolution since the Reagan Tax Reform, which unleashed years of continued economic growth and job creation. We will Make America Grow Again.
_____________________
The last paragraph alone is an outrageous falsehood, starting with sentence one: "For many American workers, their tax rate will be zero." Mostly, for many American workers, their tax rates already are zero. The reforms had started with the raised and indexed standard deduction and personal exemption, equal amounts, in the 1986 tax reform. Bill Clinton's administration created an equal amount per child tax credit. The effect of the "Revolution" was to eliminate all further income tax bills for half the people filing.
Bush II didn't spot that. KettleDrum Don doesn't spot that.
"These reforms will offer the biggest tax revolution since the Reagan Tax Reform, which unleashed years of economic growth and job creation." See George Bush I, Only One Term. Bill Clinton became President of the United States with unemployment level, ready to exceed 8% on its way up fast! The era of the $300.0 tril. federal deficits was about to arrive.
"Crow, James Crow: Shaken, Not Stirred!"
(Many White Eyes ready to shoot arrow into air. Many White Eyes then ready to bury heads in sand! Many White Eyes Then. . . . . .(Oh. . .My. . .Aching. . . .(?!?!). Transgender not big concern, anymore!)
