… AND DOESN’T MIND MAKING THE “ONE PERCENT” PAY FOR IT
|| By FITSNEWS || Billionaire real estate mogul Donald Trump once again threw the political establishment a curveball – telling Bloomberg he wasn’t opposed to raising taxes on wealthy Americans (including himself) in an effort to deliver tax relief to the country’s shrinking middle class.
“I would change it. I would simplify it,” Trump said of the current labyrinthine, discriminatory, wealth-gap perpetuating U.S. tax code.
How progressive, right?
“I would take carried interest out, and I would let people making hundreds of millions of dollars-a-year pay some tax, because right now they are paying very little tax and I think it’s outrageous,” Trump said.
“I want to lower taxes for the middle class,” he added.
Asked specifically if that meant paying more taxes himself, Trump said “yes” – it did.
“That’s right. That’s right. I’m OK with it,” he said. “You’ve seen my statements, I do very well, I don’t mind paying some taxes. The middle class is getting clobbered in this country. You know the middle class built this country, not the hedge fund guys, but I know people in hedge funds that pay almost nothing and it’s ridiculous, OK?”
Trump has yet to release his tax proposals, although his statements to Bloomberg provide some broad strokes – and some surprising ones, at that.
Obviously the devil will be in the details, but as Trump demonstrated earlier this month in rolling out his sweeping immigration plan – he’s got no problem going big, going bold and getting specific (including outlining how he intends to pay for his ideas).
So will his plan be a net tax cut (i.e. reducing the nation’s tax burden)? Or will it be revenue-neutral (i.e. shifting the existing tax burden)?
This website has never seen the benefit of “revenue neutrality,” but we’d be hard pressed to oppose a plan which compels wealthier Americans – including Trump – to pay an amount consistent with what middle class income earners shell out each year.
Such a shift would empower the consumer economy … creating jobs, elevating income levels and stimulating capital investment.
Politically speaking, raising taxes on the “one percent” as part of an effort to subsidize middle class tax relief would dramatically boost Trump’s prospects in a hypothetical general election against a Democratic nominee – removing a frequent criticism made against “Republican” candidates (not to mention a criticism which would have stuck exceedingly well against him).
Again, though, nothing has been formally released at this point. We have yet to see Trump’s proposal … so we’ll reserve judgment on it until we get a look at its specifics.
121 comments
Are you guys sure you’re running a Republican? Doesn’t matter if it keeps the mainstay Dems and GOP unhooked from that corporate teat.
“we’d be hard pressed to oppose a plan which compels wealthier Americans – including Trump – to pay an amount consistent with what middle class income earners shell out each year. Such a shift would empower the consumer economy … creating jobs, elevating income levels and stimulating capital investment.”
Communist!!!, Marxist!!! Wealth redistribution!!!! You obviously do not appreciate what the job creators do for this country. My friends the Kochs and I will not stand for it. Not for one minute. We will take our marbles and leave the country.
I think the specific thought when reading above(and I may need to re-read it), is that a tax cut for the middle class, with the “wealthy” being stripped of some tax shelters, would amount to an “increase” in taxes paid by the wealthy if they both paid the same %. I don’t know if that’s true or not…Buffet claims he paids more in % than his secretary…but I’ve seen some stats saying otherwise. It’s really hard to know.
But no question, the word “compel” is there…just like all good statists- everyone knows what it’s all about.
It sounds like Trump is talking “flat tax” type shit.
“But no question, the word “compel” is there…just like all good statists- everyone knows what it’s all about.”
We get it, taxes are theft. Necessary evil. 99% of people come to that conclusion.
Hey, you made the comment, not me:
“Communist” “Marxist” “Wealth Distribution”
I’m just agreeing with you.
I didn’t make the comment.
Oh, well then what’s the problem? Take it up with him, not me. He was honest in his post.
Nah, more like 90%. Then you have 5% who are libertarian nuts who think we don’t need taxes at all; and the the top 5% who think we need taxes, but that they should not have to pay them, because they are above all that and they already do enough by being rich as hell.
“Then you have 5% who are libertarian nuts who think we don’t need taxes at all”
Jack, the simple fact is the country has survived more years without an income tax that it has with one. Even when it was first instituted the first bracket inflation adjusted in 1913 was the equivalent of $500k in inflation adjusted dollars and that rate was 1%.
Revenue was collected a variety of other ways, but mostly tariffs.
We can go round and round(and have), all day…but in the end the government is a huge, wasteful, immoral monstrosity. It’s not getting fixed either- and your and my tax money feed it.
Why do Republicans focus on income taxes? Tariffs are taxes too!!!. Its just a question of who pays. And Republicans traditionally look for any system that causes the super rich to pay less and everyone else to pay more. Tariffs,like sales taxes, just pass the tax on to consumers. You know, the little people.
“Why do Republicans focus on income taxes? Tariffs are taxes too!!!”
First of all, I’m not a Republican. Second, when having an honest discussion and first admitted that taxes are theft(which should normally be uncontroversial), you then can at least say something like your the “necessary evil” comment.
For once, we can start someplace because you admit it’s “evil”(honesty) and then the question is how you minimize it if you don’t believe society can function without a government.
At least with a tarriff you are directly taxing people for their work/labor and even violating the premise of private property(like your house, you don’t pay you lose it…so do you ever really “own” it?)
They are all degrees of evil Jack…so I always hope for the least evil knowing most people don’t think society can exist without government.
Logically speaking, it would be best if there were NO theft/taxes/evil.
A place without taxes is no place that I want to live. Why don’t you move there. I would actually be in favor of letting you guys pay no taxes at all so long as the public can charges you whatever the market will bear for your use of the things taxes pay for. LIke the road in front of your house..
Oh and buy the way. Remember that taxation without representation thing that started the Revolution.? That was all about tariffs.
“A place without taxes is no place that I want to live.”
Well Jack, if you mean income taxes then you wouldn’t have wanted to live here for most of the country’s existence.
” Remember that taxation without representation thing that started the Revolution.? That was all about tariffs.”
Well Jack, it was a little more complicated than just that one issue…the 4th amendment was born out of a bigger issue at the time. Not only was it not tariffs alone, it was representation and the unilateral ability of the King to RAISE them. And for perspective Jack, no one knows the exact amount but they all agree it was far less than 10%…which is today’s perspective is a joke. Hell, give me Queen Elizabeth and a 10% tax and I’ll be jumping for joy.
As I said I will support you not paying taxes at all, so long as the government can charge you what the market will bear for the use of things taxes pay for. Because what you really want is government to pay for is what benefits you and nothing more.
“Because what you really want is government to pay for is what benefits you and nothing more.”
Dont’ tell me what I “want” Jack ass. Just read the arguments and respond. You sinking into strawmen doesn’t do yourself or those who you represent justice nor give you credibility.
What I want is freedom, most likely garnered through respect for property rights(which is not taxes) and holding to the non-aggression principle- nothing more or less.
Most libertarians are just Republicans who bitch more than the usual Republicans, but they vote Republican so their loud moth crap doesn’t amount to anything.
There are a slight minority that truly want limited government. There is an even slighter minority within that minority that want no government at all. This group either votes for third party candidates or independents that have no hope of winning, or don’t vote as a way of snubbing the system.
The only libertarians that actually do anything are the ones that run in Republican districts that they can somehow manage to win, like Ron Paul, but the number of districts where libertarians can actually win is limited, and they get ignored too.
You can ignore that 5% of the population.
That’s all fairly true, that’s why there’s a push on education…but most sometimes no matter how much you try you can’t convince people on radical paradigms.
The only thing I’ll add is there are times a vocal minority can accomplish things, like even the US’s own secession from King George that was started by a clear small minority that eventually become a larger minority(but a minority none the less).
The thing about this empire is that it will end at some time, the same way most empires end…a combination of war and overspending/bankruptcy. So the question is when will that happen and what will replace it.
Buffet said, his secretary pays MORE than him, percentage wise.
Yea, you’re right and that’s what I meant to say….I just went dyslexic for a moment.
It is funny to hear them say this, but then continue to vote for Republicans who vote for the exact opposite.
Now if he could just ditch the whole ‘Champion of the Bigots’ thing, he and Hillary would make a very strong ticket.
Clinton/Trump 2016
I thought this was a republican blog?
Sounds like a Democrat. Flip was telling us he had a change of heart. Guess not. He doesn’t need to win office, he’s just doing a favor for Hillary.
I think Flip is on Hillary’s campaign and is just trolling secretly on her behalf.
That rat. He’s trying to take my chick.
You should probably let him have her.
Heads must be exploding at the RNC. This is so off script, its hard to know what to do. I mean its one thing to write off the hispanics, but now he is is risking the billionaire vote and money. Who does he think will pay the politicians?
Scanners dude, that guys head is going to explode.
Memo
To: Rubio, Bush, Walker, Kasich
From: Rainy Priebus
OK, everyone – quick – switch gears – we’re all for tax hikes on wealthy to pay for tax cuts on middle income. I know, it’s sucks. We won’t really do it, we’ll flip back later, but for right now – switch gears. Use general terms like “increase” unless pushed for specifics. Then use small amounts, like 5%, or 10%. I have it on authority Ted Cruz is going to propose a tax on Nuns too. But don’t get distracted.
There’s a lot of truth to your post.
Especially the small/meaningless amounts.
I can’t wait to see the words “tax increase on high earners” come out of Rubio’s silly little mouth. Bet he can’t say it without cracking up.
Although I consider myself conservative, I am 100% in agreement with Trump here. The games played with the capital gains rate and other loopholes are just too much. There is contingent of ultra wealthy whose effective rates are simply too low in comparison with others.
I have a sneaking suspicion many conservative voters feel the same way. Would we like lower taxes in general, sure and Trump will deliver that to the middle class. But people are onto the low rates for the rich only nonsense.
See you’ve been reading up on your Marxist rhetoric Grand Turd.
I love higher taxes! Higher taxes on the rich! Higher taxes on gas! Higher taxes on everything! Raise taxes! If you don’t want more taxes you are a socialist! LMAO!!! LMAO!!!
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THUMP – the sound of me hitting the floor in astonishment. WHo are you? I want the real Flip back.
71% of illegals get federal welfare dollars.We boot em..build the Wall…America’s problems are solved…
Oh, whew. I thought maybe you were having a stroke or something.
The other day he seemed to be comming around, I’m shocked also. Trump is magic to the, I’ll say, ex sheep at this point.
MSNBC’s Morning Joe reacted Thursday to the three most common words people think of when Hillary Clinton comes to mind being, in order, “liar,” “dishonest” and “untrustworthy,” according to a new Quinnipiac poll.
The question did not give any choices for words, showing how cemented the perception of Clinton as deceitful has become with the public in the wake of her private email scandal.
“These are unprompted, by the way,” MSNBC host Joe Scarborough said.
OH MY!!! Just like every liberal on Fits.All of you.
Then I must be a nightmare for ya, I’m not a Hillary fan or liberal. I’m just tired of my brothers in arms wasted for nothing.
Thank you for your service.This country is really fucked up.Mothers can LEGALLY kill their own children and our veterans are treated like shit.
I do thank you. No crap ! Glad to serve for ya.
Thank u.
This is perfectly accurate.
Paul Ryan just recently referred to the Democratic argument for closing the carried interest loophole as class warfare. Oops.
Ryan is a nobody. He is a shill of the Kochs. His comments are meaningless.
Obviously those checks have been cashed. What Trump wants to do is expand government, by collecting more private dollars and putting those dollars into the hands of Government bureaucrats. This pimping yourself out for Trump is shameless, and requires you, Fits, to repudiate everything you’ve ever stood for. The rhetorical gymnastics are extreme, to say the least. I’ve seen Nancy Mace having to delete messages from the Paul bots you guys abandoned, in pursuit of your bottom-line. Nothing wrong with making some money, but you no longer have the chops to bash any other political consultants for being chameleons. Apparently the ideology of this website is for sale to the highest bidder.
The Progressive Truth about Donald Chump:
http://dailycaller.com/2015/08/26/from-immigration-to-abortion-longtime-democrat-donald-trump-must-reckon-with-his-rich-progressive-history/
http://dailycaller.com/2015/08/26/from-high-taxes-to-socialized-health-care-donald-trump-must-reckon-with-his-rich-progressive-history/
” I’ve seen Nancy Mace having to delete messages from the Paul bots you guys abandoned, in pursuit of your bottom-line. ”
Ohhhh….that’s juicy….any links to said damage control?
No I took a look, and saw scathing hate messages to Nancy from the Paul Bots, and then a few minutes later they disappeared. So I’m presuming she was cleaning up her mess. I was made aware of both parts from a couple of people, independently, so I took a look myself and confirmed same.
At times I believe Disqus just screws up and forgets posts. That definitely happens. How often disappearing posts are actually victims of that, though…
Well, when GrandTango cancelled his Disqus account, all of his Disqus history — which was pretty entertaining, BTW — just disappeared. So, it may not be a case of forgettery, just changing account names.
He claims FITS banned him.
I doubt that.
If he did, though, good for him.
Banning GrandTango is like taking out the garbage.
Go eat a fetus you sick bastard.
They are finger licking good!
A whole generation is about to retire, or already retired, with inadequate 401Ks or robbed of their pensions. With the upper 1% rolling in more money than they will ever need. So Trump has EVERYBODY’S attention now.
Keep moving the Republicans to SANE social and fiscal policy Trump while the Democrats run a convict and communist.
All a product of Republicans no less.
Thank goodness Social Security is still there.
Nope, Republicans will kill that too!
A convict that was invited to Trump’s very own wedding. Imagine that.
He didn’t know at the time.
He said he would hire Obama. America hired Obama instead. 8 years! 8 years!
Even gave the convict a big fat donation. Does that make him an accessory?
Dumbass SMIRKS. None of it matters…
NO AMNESTY-PATH TO CITIZENSHIP!
Game over. Dems can’t win.
Another Deflection!
I’m not Smirks, btw… Only ever posted under one username. No need to hide like some.
Smirks lives in his head, so does Boz, Rocky, The Colonel, Bible Thumper, and everyone else who comments here, because every last one of them whoops his ass every single time.
So you agree; Trump is a Marxist, redistribution, statist class warfare promoting demagogue.
No. Trump wants to build a Wall-deport illegals-defund the perpetual welfare train Democrat voting trailer trash whites and blacks have been riding and create jobs.
Sounds like a plan to me. It also ends the democrat Party.
Tax the rich, tax the rich, tax the rich…
MEXICO!
**audible eye rolling**
Don’t roll those eyes! Trump’s brilliant! He’s going to start preaching the kind of stuff Democrats have been wanting for years, but keep his GOP followers in tow doing it! This is going to send the Republican party into disarray!
The icing on the cake is when he announces he will run as an independent!
You may be on to something historic. The people in control after 30 years.
No…Make the bottom feeders pay for it. They elected Obama so they could run up $9 Trillion in debt, to pay for Medicaid, Welfare and Food Stamps.
If Trump falls into this ‘Punish The Rich’ cliche, he’s just as negligent as the other libertarian/moderates trying to pose as Republicans.
Trump’s inability to accurately diagnose political problems and solutions, may be coming into play.
I’m thinking a Republican will use Trump’s revealing of how much the American people HATE the Democrat media to rise at the right time.
I thank Trump for slapping the shit out of er’body, but it will take a BONA-FIDE Conservative to fix it. And that Conservative will need to be rising a year from now.
Feel that?
That feeling of uneasiness?
That feeling of a cold wind on the back of your neck?
That feeling that you shouldn’t keep your back to The Donald for too long?
Just a glimpse of what is yet to come…
WE CAN’T SUPPORT THE ENTIRE WORLD OR EVEN MEXICO especially when they come here and have 10 kids while working on minimum wage. Most of them have no concept of responsibility. Work hard, yes, many of them, but you can’t expect to have millions of illegal kids supported by everyone else. I’m with Trump! Send them all home including the anchor babies.
I don’t believe he is talking about ‘punishing the rich’. Close some loopholes for the rich, lower middle class rates,CUT THE BOTTOM FEEDERS OFF and boot the illegals.
I told you mamatiger! I told you! Trump is going to keep these bottom feeders hooked with all his talk about illegal immigrants, that they’ll be forced to swallow taxing the rich and all of the other Democratic planks of Hillary’s platform! When he finally cuts the line and runs as an independent, the GOP will have bled out!
That man was, is, and will forever be a Democrat!
He won’t run as an independent. My ‘people’ know! :)
Are your “sources” that you claim to have “smart as whites”?
Actually, yes. :)
When Trump’s FIRST solution is to cut entitlement spending, I’m listening. That will send the media into a death spiral.
But he seems to be falling into the ‘blame the rich’ trap. That’s political naivete.
I love what he is doing to the media, but he needs to be up on the game, politically too.
He is fine.He will tie the economy,crime and foreign policy into the immigration issue and the Dems are finished.
The immigration issue is all that matters as it encompasses all the others.
I can tell ya the money people and Jews love him in Florida.
Nice plan, and the courts would shut it down in a nano-second. Nos estamos aqui.
Like Obama we will use E/O’s…it will take the courts decades to catch up….
Sounds like a PLAN to me!
The #1 rat is preparing to jump ship. Vegas figured you’d make it to Labor Day, but you fooled ’em. Hey Charlie Brown, how does it feel to have the football pulled away by Lucy once again?
Talk about Lucy and Charlie Brown…Hahahaha…You’re still clinging to Hillary. Dumbass…Hahahahaha..
Forgive me for taking your own ignorance and slapping the fuck out of you with it. But your stupid ass walked right into that one. Even you have to admit that. Hahahaha…
Now that Donald Trump has claimed the title of America’s premier narcissist, please keep Kanye in your thoughts & prayers.
I think it is hilarious all these people attacking Trump for saying what anybody with common sense has been saying for years. All of you people are the people whose taxes he is proposing we cut. You are not the rich and you never will be.
One thing that is more important than anything is clarity of message when it comes to propaganda. Republicans have used Fox News to accomplish that for years. No one would DARE say what Trump just said, or they would be dropped off the face of right wing media and be forgotten. They can’t do that to Trump. Trump is already popular, is at the front of the field, and doesn’t need Fox to stay in the news.
Republicans are about to learn just how fucked they are.
Trump doesn’t want to raise taxes on the rich! He’s not arguing that the income tax rate for the top earners should go up. He’s arguing that the capital gains taxes should go up. I consider myself a part of the “tea party” and a conservative. I think we’re all taxed WAY more than our gov’t needs to function properly- waste, fraud, and abuse are all parts of the problem; however, money for pet projects, aid to countries that hate us, and failed social programs aren’t where the limited money we raise through taxation should go. Send the illegals home-71% receive government assistance.
Set the captial gains taxes on earnings of $500,000 or more at the same rate as whatever the income taxes for that bracket are, but you need to keep the cap gains for the “middle class” at %15 per cent or less to encourage investment and wealth accumulation.
Trump 2016 (or Cruz)
He just said he doesn’t mind paying more taxes. Trump isn’t middle class.
Looks like you already found your backup candidate for when Trump plunges the knife right into the back of the GOP and high fives Hillary!
Trying to rationalize what Trump is proposing? Tax increase on wealthy, that’s what he’s proposing. Whether it’s on capital gains if you earn over $500K a year, or whatever.
Easy…deport ALL illegals…build a wall…get the Democrat voters off the perpetual welfare train-No work/No eat….lower middle class tax rates from the savings
It does sound good. But what about the crooks in politics ? I’m not going to name them, both parties, fed and local ! And the outside feeders ?
(says loser that is not rich)
(says medicaid recipient with a failed blog)
(says non-denier)
(says non-denier)
GT, I make a very good living. I am happy. In fact am in the top 10% of earners in SC. But I am still not “rich.’ The people Trump is talking about are all those wall street types who I helped bail out after the economy crashed in 2008, and who now make hundreds of millions of dollars a year because middle class Americans saved their ass from going under.
So you’ll be voting for Trump?
I had not considered it until now.
Might as well, a vote for Trump is a vote for Hillary!
They are scared shit less of Trump! He saved the Republican Party.
I’m going to love watching you slowly go from Trump’s #1 fan to blaming him for Republicans losing the election.
Nope.He is going AROUND the establishment and moving the party RIGHT where it needs to be.
The immigration issue will be all that matters in 2016.
You’re right. The Republican party needs to balance the books. Only way to do that is to raise taxes on the rich back to what it used to be. Trump’s leading the GOP in the right direction by raising taxes on the rich. The GOP will fall apart because of it though. Good on Trump for trying to slap the stupid out of Republicans anyways.
Dude, he just proposed a tax hike on the wealthy. That ain’t RIGHT, though it might be right.
That’s not GT. He lives in your minds, though.
What an impression he must’ve made. No wonder they banned him.
GT’s like the anti-establishment, and the establishment just cannot llow that.
It is so obvious when GT comments, no one is fooled. Maybe he fools himself. He is that dumb.
GT is the brains and conservative soul of Fits. We thank him for his contributions.
I notice the liberal ‘regulars’ run from debate with him.
Great point. They attack GT personally (like they attack you) but they are defenseless versus the content, unless they present a bunch of provable lies.
Easy for him to say – he’s never paid for anything in his life.
Damn.I thought you died. Carry on.
Trump, has just announced a game changer. He is confident enough to put forth policies that do not benefit the Republican donor class. The people who expect the Republican party to work for them. Why? because he does not need their money. They cannot control him. He can propose what is best for the country, not what is best for people who pay for politicians.
This proposal is a modest, sensible proposal that benefits everyone. It begins to solve the deficit problem and the wealth disparity problem, that current tax the middle class policies have caused. This is an appeal to moderate middle class Republicans and Independents to join Trump. That is where the party needs to be.
Yes this upsets the GOP establishment, it threatens their income stream. But this also is a direct threat to Hillary. It shows the GOP is not just composed of employees of the Billionaires out to sell this country to the highest bidder.
The problem with ‘MIddle Class Tax Relief’ is that the Middle Class will have to pay for it. Rich people aren’t going to do it because they have attorneys who will get them out of that situation. Poor class won’t do it because…..they’re poor! Middle Class will always be burdened by the other two classes. Thus; the only way to provide ‘Middle Class Tax Relief’ is to exempt the Middle Class from paying taxes for the next 40 years.
That’s a rather Obamian policy proposal – ain’t it?
Building a Wall and deporting illegals and their children? Obama? Just doing that will make the …economy BOOM….BAMMMMM
You’re cracking me up.
Somebody keeps stealing my screen name.
Did I just see Nikki with Trump ?
I hope he has more sense!
When is the DONALD gonna start bashing the UNIONS??????
YOU BETCHA!
I can see Hoffa’s grave from NIMRATA’s nose.
I find myself liking him more and more and that frightens me.