Thursday, August 31, 2017

Show-Me Prez Trump Turnabout In Resurrecting Reagan-Era Tax Cuts

He once decried trickle down economics but now reverses course in a tax scheme that will be a tough sell that breaks with his populist message and plays to Wall Street. Despite the partisan chatter, here's a more financially focused look at tax reform talk:

Donald Trump Reverses Stance on 1986 Tax Reform Bill

In a speech Wednesday, President Trump cited the 1986 tax reform as a model for the kind of bipartisan effort he wants this fall, but in a 1999 op-ed he called that bill "a catastrophe."

16 Comments:

Anonymous said...

this is today.

we should do what is right now.

an intelligent tax cut with some reforms would clearly be good for the economy.

moreover, the right reforms could bring greater justice to the tax structure.

Anonymous said...

Capital Gains Tax @ 90%. 100% tax on inheritance.

Anonymous said...

^^^ Wall Street thanks you for your support. But don't hold your breath waiting for a check. They're first in line to get those multi-million dollar bonuses.

Anonymous said...

Not surprised. He has lied about every single thing that has come out of his mouth.

Anonymous said...

So he changed his mind eighteen years later? Wow, that's the biggest flip flop since Obama told us marriage should only involve a man and a woman.

Anonymous said...

who gives a shit about getting another 200 back on your taxes when your obamacare premiums go up $4000 a year

obamacare costs now represent the single biggest expenditure of gov't at every level--fed and state--how the fuck can you reform taxes before you repeal obamacare which is the official position of the trump administration? How do you set baselines when you don't even know how much "revenue" (tax money) you're going to need?

if obamacare is repealed after so-called tax reform don't they just have to go back and do the whole thing over seeing as how trillions in gov't expenditures were just wiped out?

unless of course you're not going to really repeal obamacare which makes trump as big a LIAR as the half black all-gay kenyan

Anonymous said...

Lets's see 8:53AM; Mexico's gonna pay for the wall! Nope. You are. I will end the war in Afghanistan. Nope. I will commit to a forever war. I will replace & repeal Obamacare. Nope. Never gonna happen. I will defeat Isis in 30 days. Nope. 8 months later still going strong. No one in my administration met with with Russia before, during and after my election. Nope. Nope. Nope. They did and we just forgot to mention it. So I mean other than those lies......

Anonymous said...

^^^^ ...as if this idiot could run things.....

Anonymous said...

^^Better him than that moron Trump.

Anonymous said...

^^ thanks Byron, brilliant comment!

Anonymous said...

I love Trump's proposal that the uber-rich corporations should pay ONLY 15% in taxes. Hey, that's what I pay, and I only get Social Security and a small (less than SS) retirement check each month. Out of those payments I must pay taxes and health insurance premiums. I get no tax deductions and no free passes on anything. Meanwhile, the price of EVERYTHING we use on a daily basis goes up and up and up. And Trump thinks this is going to help restore the Middle Class? Does he even know anyone who is considered Middle Class?

Byron Funkhouser said...

I don't make anonymous comments, dumb ass.

Byron Funkhouser said...

If Der Fuhrer would release his tax returns, then we would know exactly how much money his tax proposals would save him, assuming that he actually pays taxes. We would also know exactly how much he's indebted to Russian banks.

Fortunately, his talk is all empy blather.

All bills originate in the House of Representatives, not the President's desk. He's been bashing Republicans non-stop, so I don't think they give a damn what he says about anything. His cabinet members are openly defying, & contradicting him.


Anonymous said...

Der Funkhouser gave a free pass to the Clinton Foundation scam, but continues to whine about Trump's tax returns. Poor triggered soul.

Anonymous said...

Yeah and Obama never closed Gitmo

Bill Clinton changed his mind and decided he did have sexual relations with Monica

Al Gore fessed up that he really didn't invent the Internet.

Anthony Weiner changed his mind an finally recognized his penis in a selfie.

Jesse Jackson changed his mind and admitted he had bastard kids all over hell.

The world survives.

Retro ROCKER said...

Obamacare is not the only thing that is going to go up we are in for some Hyper inflation. So any tax cut is a good one. You notice resturents are charging eleven dollars for a hamburger. I went to the butcher and bought a nice Ribeye.AND H.R.BLOCK,WILL LAY OFF PEOPLE WHEN THEY SIMPLIFY THE TAX CODE. .AN,OUTHER APARTMENT BUILDING IN THE BLOCK BUILDING.