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Will GOP plans give trillion dollars in tax breaks to the wealthy?

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independentusa

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The first 600 to 800 billion will come from cuts they will make with the ACHA, or Trumpcare. Then they plan on cutting the income tax which will lower the top rate from over 39% to 35 percent. That ought to provide at least another 200 billion. Then they are cutting the so called death taxes to 0. Then the cuts to business taxes which will fall mainly in the pockets of the wealthy.So overall the wealthy ought to get a real good return for their campaign donations to the GOP. Should provide close to a Trillion dollars a year in tax cuts for the wealthy. You know who is going to pay for those cuts, all of the rest of us. Cuts to just about everything else including Medicare, Social Security and Medicaid. Programs that provide payments to a lot of Trump and the GOP supporters. Boy are they in for a big surprise. And we know how this trickle down theory economics worked the last time. One of the deepest recessions since the great depression. But don't worry, as Trump said, he and the wealthy make their greatest profits in a recession.
 
independentusa said:
The first 600 to 800 billion will come from cuts they will make with the ACHA, or Trumpcare. Then they plan on cutting the income tax which will lower the top rate from over 39% to 35 percent. That ought to provide at least another 200 billion. Then they are cutting the so called death taxes to 0. Then the cuts to business taxes which will fall mainly in the pockets of the wealthy.So overall the wealthy ought to get a real good return for their campaign donations to the GOP. Should provide close to a Trillion dollars a year in tax cuts for the wealthy. You know who is going to pay for those cuts, all of the rest of us. Cuts to just about everything else including Medicare, Social Security and Medicaid. Programs that provide payments to a lot of Trump and the GOP supporters. Boy are they in for a big surprise. And we know how this trickle down theory economics worked the last time. One of the deepest recessions since the great depression. But don't worry, as Trump said, he and the wealthy make their greatest profits in a recession.
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That sounds excessive but this is a historical horrible administration. So I wouldn't put it pass them.
 
The estate tax needs to be eliminated.

Oh and btw, I want the government to be A LOT smaller, so bring on the cuts.
 
independentusa said:
The first 600 to 800 billion will come from cuts they will make with the ACHA, or Trumpcare. Then they plan on cutting the income tax which will lower the top rate from over 39% to 35 percent. That ought to provide at least another 200 billion. Then they are cutting the so called death taxes to 0. Then the cuts to business taxes which will fall mainly in the pockets of the wealthy.So overall the wealthy ought to get a real good return for their campaign donations to the GOP. Should provide close to a Trillion dollars a year in tax cuts for the wealthy. You know who is going to pay for those cuts, all of the rest of us. Cuts to just about everything else including Medicare, Social Security and Medicaid. Programs that provide payments to a lot of Trump and the GOP supporters. Boy are they in for a big surprise. And we know how this trickle down theory economics worked the last time. One of the deepest recessions since the great depression. But don't worry, as Trump said, he and the wealthy make their greatest profits in a recession.
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Who is he raising taxes on?

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independentusa said:
The first 600 to 800 billion will come from cuts they will make with the ACHA, or Trumpcare. Then they plan on cutting the income tax which will lower the top rate from over 39% to 35 percent. That ought to provide at least another 200 billion. Then they are cutting the so called death taxes to 0. Then the cuts to business taxes which will fall mainly in the pockets of the wealthy.So overall the wealthy ought to get a real good return for their campaign donations to the GOP. Should provide close to a Trillion dollars a year in tax cuts for the wealthy. You know who is going to pay for those cuts, all of the rest of us. Cuts to just about everything else including Medicare, Social Security and Medicaid. Programs that provide payments to a lot of Trump and the GOP supporters. Boy are they in for a big surprise. And we know how this trickle down theory economics worked the last time. One of the deepest recessions since the great depression. But don't worry, as Trump said, he and the wealthy make their greatest profits in a recession.
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Those cuts will benefits more small businesses than large.
 
Well then why not reduce all of the Federal Fees, state lisenses etc that would save money for the poor and middle class rather than the taxes that effect only the very wealthy. OUr present tax system does redistribute wealth, but no in the direction the cons want to believe. As can be seen by the top 10% of the wealth in this country control of the total wealth of the country going from about 80% when Reagan came into office to about 90% of total wealth now. Most of that due to the tax system. SO I wouldn't feel too sorry for the very wealthy.
 
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