Thursday, September 29, 2016

Top Trump Adviser: There Will Be No Real Tax Cuts in a Trump Administration

Billionaire vulture investor, Wilbur Ross, who is considered a candidate for the Treasury Secretary position in a Donald Trump Administration, has released along with the free trade-hating economist Peter Navarro an analysis of Trump's economic plan.

Here's the money quote:
When evaluated as a single integrated whole, the Trump plan is revenue neutral...
Got that? Tax revenue is not going to go down in a Trump administration. The points of taxation will just be shifted around. To be sure, the Trump plan has some typical crazed political economic growth projections that suggest that tax rates will be lower because of higher profits and worker income, but don't count on it. Count on the revenue neutral tax plan, that is, shifting taxes around but overall the same tax grab by the government as now. In fact, I wouldn't be surprised if the total tax burden climbed during a Trump administration.


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