Tuesday, September 29, 2015

WaPo Hates Trump's Tax Proposal

Apparently the cuts are too real!

From the WaPo editorial board:

 His tax plan, far from being a courageous departure from Republican orthodoxy, relies on many familiar Republican tricks to justify massive tax cuts in an age in which the government’s burdens are increasing, not shrinking — and with even less than usual honest arithmetic.

Mr. Trump would eliminate income taxes on married couples’ first $50,000 of income and consolidate the current seven tax brackets into four. He would cut the top income tax rate from 39.6 percent to 25 percent. Not even Jeb Bush proposed slashing the top rate that far. Mr. Trump would drop the corporate tax rate to 15 percent from 39.1 percent, again lower than where Mr. Bush would go. Like Mr. Bush, Mr. Trump would eliminate the estate tax, a move that would benefit only the wealthy, as the federal government taxes only high-value estates.

Mr. Trump claims his plan wouldn’t starve the treasury of any revenue. That seems impossible. He claims he would do more to phase out income tax deductions for the rich and super rich, but he doesn’t provide nearly enough specific details, and he exempts from reform the mortgage interest tax deduction — a $70-billion-per-year tax break that overwhelmingly benefits the wealthy. Similarly, he claims he would limit corporate deductions, but, with a couple of exceptions, he doesn’t say which ones or by how much.

This is the most real and aggressive tax cut plan I have ever seen proposed by a presidential candidate.

And the WaPo editorial board wouldn't be coming out against it so viciously, if it wasn't real and aggressive.

For those who advocate real tax cuts, this proposal by Trump is magnificent.



  1. Tim Ferriss has a podcast episode with Scott Adams of Dilbert fame. Scott goes into his opinion that Trump has awareness and possibly real training on hypnosis and persuasion (48:30 in the podcast) based on his formal education in it. Specifically, NLP (Neural Linguistic Programming) of Tony Robbins fame, who just happens to be a business associate of Donald Trump.

    As a business negotiator, he knows he's not going to get everything he's asking for, but he shoots for the moon regardless, knowing that there will be some meeting in the middle. However, he's using key anchor words that diffuse potential issues and resonate with people.

    This is why he's blowing the others out of the water.

  2. If this is an aggressive tax cutting plan, then why does "Mr. Trump claim his plan wouldn’t starve the treasury of any revenue?" If the government is getting a similar amount of revenue, that would imply the cuts are non-existent. Seems like he wants to steal the same amount of money, only he wants to get it from your back left pocket, as opposed to from your two front pockets.

  3. Assuming Trump wins, all these campaign promises circle the drain. Every Presidential winner sells out his base. They never honor their election promises. Voting for a President is for suckers.

    Presidential politics for liberty minded people is much like Charlie Brown attempting to kick the football held by Nancy. Complete and total frustration.