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Trump Wants to Give Himself a Tax Cut and Undermine the Tax Code

MTAtech said:
Your statement proves you really don't know how this works. The Executive branch will often write complicated bills (just like they write the budget) and submit it to Congress, who has the right to amend it and decide to pass or not.
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Perhaps I didn't make myself clear. Yes, the white house staff writes "bills". But those "bills" are still considered suggestions. The legislative branch can rewrite the entire thing or only parts or just dismiss the entire thing or yes, even pass it as is. In the end, it is still nothing more than a suggestion.
 
Kal'Stang said:
Perhaps I didn't make myself clear. Yes, the white house staff writes "bills". But those "bills" are still considered suggestions. The legislative branch can rewrite the entire thing or only parts or just dismiss the entire thing or yes, even pass it as is. In the end, it is still nothing more than a suggestion.
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The point I am making is that those "suggestions" are ordinarily quite detailed. What this WH has offered is the first page of a Powerpoint. It's like they had 100 days to write the term paper and decided to start it on the bus ride to school on the day it was due.
 
Rogue Valley said:
Trump Wants to Give Himself a Tax Cut and Undermine the Tax Code

Trumps tax plan is a gift to elites and plutocrats. More than half of the proposed tax cuts benefit only the top 5% of households.

Without Trumps tax return data, it is impossible to determine to what degree his proposed tax cuts benefit his own Trump Organization.
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Sounds like the top 5% got left behind. To show you how bad it is, the top 20% of income earners pay about 93% of the income tax. Even if all of them are included in the 1/2 you talk about, they are getting short changed by the tax cut. The bottom 20% pay no income tax at all so they aren't even in the calculus. If your conclusion is that the proposed change is something other than a middle class tax cut, you are mistaken.
 
MTAtech said:
Obama's major income when he was president was his salary of $400,000 a year. Nevertheless, he raised taxes on himself.

Other presidents who had money, put their money and assets into real blind trusts -- trust that they themselves didn't know the investments and a 3rd party trustee managed.

When there are real arguments, as opposed to BS arguments, to lower taxes on wealth, there is more credibility. There was a valid economic argument for (rich) JFK lowering top taxes from 91% to 70%. Today, there is no valid argument for lowering top rates from 39.5% to anything lower besides coddling the rich.
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I think a valid argument would be that people regardless of race, class, gender, etc be protected equally under the law. This isn't even taking into consideration that in a supposedly free country people are actually so jealous of others that they would call for the government to confiscate half of someone else's income.

People wonder why this country is so divided yet continue to push for class warfare and identity politics.
 
Rogue Valley said:
Trump Wants to Give Himself a Tax Cut and Undermine the Tax Code

Trumps tax plan is a gift to elites and plutocrats. More than half of the proposed tax cuts benefit only the top 5% of households.

Without Trumps tax return data, it is impossible to determine to what degree his proposed tax cuts benefit his own Trump Organization.
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This tax plan benefits the rich at the expense of the working class, but the real issue is that income tax is an illegal and immoral tax to begin with.
 
Why anyone would find this to be news is beyond me. All pols are "in it" for what they can reap, favors, money, future employment, and a host of other reasons to be "in the service" of your fellows. If we all could just stand still for a moment and think about the damage done by pols as opposed to the good they've accomplished we'd be running them out on the rails. The Clinton's amassed a fortune upon the backs of those who believed in them, Bush gave his family enterprises a large shot in the arm through maneuvering and deal making with respect to the oil and gas interests of the family. We have an incredibly corrupt government, mainly because the power of government lies in the corporate boardrooms, a place known for dirty deeds and self service withdrawals at the national treasury.

Undermine the tax code? Well, that would be somewhat in the realm of magic when considering the fact that our tax code was written with the express purpose of allowing the privileged class the myriad of exemptions they fight so valiantly for. Yes, the truth hurts but not for long, the pain becomes anger, then comes politicization, leading to activism, then the eventual understanding of corruption as a human failing, and we are left with little hope of ever seeing real change. We will pay and they will play, that's life in the good ol' US of A.

If you're flush with money, all your problems begin to pale in contrast to those who have real problems, and taxes aren't really ever discussed in the upper ranks. Why? Well, the truth is out, and the uppers know the entire notion of taxes generally fall into the crass rebuttal of one of their own, that indefatigable tax resistor, Leona Helmsley..You know--all that talk about the "little people" and all.
 
Rogue Valley said:
Trump Wants to Give Himself a Tax Cut and Undermine the Tax Code

Trumps tax plan is a gift to elites and plutocrats. More than half of the proposed tax cuts benefit only the top 5% of households.

Without Trumps tax return data, it is impossible to determine to what degree his proposed tax cuts benefit his own Trump Organization.
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It's Congress that writes laws. Trump can't give himself a tax break. It's remarkable how every day liberals show that they do not know how the three branches of government work.
 
chuckiechan said:
Well, you aren't going to get them. And if he, as a businessman, promotes legislation to help business and his benefits too, that only means he runs (ran?) a business that is influenced by the tax code.
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You can promote legislation as a businessman within the private sector all you want. But when you're the POTUS who hasn't fully divested his business interest from his office as POTUS and you promote such generous tax breaks for wealthy individuals such as yourself, I can only see that as you attempting to futher enrich yourself and cheat the American taxpayers.
 
haymarket said:
The American people need to is this tax cut is self serving for Trump and that is what largely motivates him. In order to do that, we first need his tax information. Sadly, he has repeatedly lied about giving it to the public and shows he has no intention of ever doing so.

Because of that reality, every American should oppose this as Trump benefitting Trump. And every member of Congress should tell him they will oppose it until the proper tax information is made public.
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When over 50% of the population don't pay taxes to begin with...
 
chuckiechan said:
Well, you aren't going to get them. And if he, as a businessman, promotes legislation to help business and his benefits too, that only means he runs (ran?) a business that is influenced by the tax code.
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I'm f-ing tired of helping business and billionaires. They don't need our help the middle class does. what happened to that?
 
Renae said:
When over 50% of the population don't pay taxes to begin with...
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What does that have to do with Trump not revealing his own tax situation so we can see what motivates his decision on the issue?
 
haymarket said:
What does that have to do with Trump not revealing his own tax situation so we can see what motivates his decision on the issue?
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His motivations are simple, lowering taxes spurs economic investment and spending.
This isn't rocket science, it's economics. Trump is a businessman, he understand that what is taxed reduces economic activity.
 
jertheber said:
Why anyone would find this to be news is beyond me. All pols are "in it" for what they can reap, favors, money, future employment, and a host of other reasons to be "in the service" of your fellows. If we all could just stand still for a moment and think about the damage done by pols as opposed to the good they've accomplished we'd be running them out on the rails. The Clinton's amassed a fortune upon the backs of those who believed in them, Bush gave his family enterprises a large shot in the arm through maneuvering and deal making with respect to the oil and gas interests of the family. We have an incredibly corrupt government, mainly because the power of government lies in the corporate boardrooms, a place known for dirty deeds and self service withdrawals at the national treasury.

Undermine the tax code? Well, that would be somewhat in the realm of magic when considering the fact that our tax code was written with the express purpose of allowing the privileged class the myriad of exemptions they fight so valiantly for. Yes, the truth hurts but not for long, the pain becomes anger, then comes politicization, leading to activism, then the eventual understanding of corruption as a human failing, and we are left with little hope of ever seeing real change. We will pay and they will play, that's life in the good ol' US of A.

If you're flush with money, all your problems begin to pale in contrast to those who have real problems, and taxes aren't really ever discussed in the upper ranks. Why? Well, the truth is out, and the uppers know the entire notion of taxes generally fall into the crass rebuttal of one of their own, that indefatigable tax resistor, Leona Helmsley..You know--all that talk about the "little people" and all.
Click to expand...

Well, you aren't exactly right. Helmsley was complaining. She felt entitled not to pay taxes. Because some distant relative paid once.

Many in the billionaire class still feel that way. They also don't want their businesses regulated, period. Government should only exist to enforce contracts (in their favor, of course).
 
reinoe said:
It's Congress that writes laws. Trump can't give himself a tax break. It's remarkable how every day liberals show that they do not know how the three branches of government work.
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He can't sign a bill that gives him tax breaks? That is news to me.
 
iguanaman said:
I'm f-ing tired of helping business and billionaires. They don't need our help the middle class does. what happened to that?
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It will trickle down one of these centuries. Just think, Saint Ronnie got elected almost 4 decades ago. The failures pile up (see Kansas, LOFL), but the trickle mantra continues.
 
Renae said:
His motivations are simple, lowering taxes spurs economic investment and spending.
This isn't rocket science, it's economics. Trump is a businessman, he understand that what is taxed reduces economic activity.
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I was speaking to his PERSONAL motivations about HIS OWN tax liability situation.


But then, I strongly suspect you knew that.
 
haymarket said:
I was speaking to his PERSONAL motivations about HIS OWN tax liability situation.


But then, I strongly suspect you knew that.
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I strongly suspect you'd find fault with anything he did.
 
And if Trump were to sign a bill for cleaner air you libs would whine about how he's doing it just so that he can get cleaner air for himself. I already know this game. You libs have gone off the deep end and lost credibility a long time ago.
 
reinoe said:
And if Trump were to sign a bill for cleaner air you libs would whine about how he's doing it just so that he can get cleaner air for himself. I already know this game. You libs have gone off the deep end and lost credibility a long time ago.
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Air is for all of us and the tax cuts go almost solely to the wealthy. That analogy is a fail as is Trump's promise to help the middle class.
 
Objective Voice said:
You can promote legislation as a businessman within the private sector all you want. But when you're the POTUS who hasn't fully divested his business interest from his office as POTUS and you promote such generous tax breaks for wealthy individuals such as yourself, I can only see that as you attempting to futher enrich yourself and cheat the American taxpayers.
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100% of the nations tax money originates in the private sector. If you want to take the rich's money and give it to your buddies, go ahead, but don't come crying that "no one hires anyone any more".
 
chuckiechan said:
100% of the nations tax money originates in the private sector. If you want to take the rich's money and give it to your buddies, go ahead, but don't come crying that "no one hires anyone any more".
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Is this your way of saying tax cuts leads to job creation by virtue of trickle-down economics? We've tried that already and look where it's gotten us - a nation where the rich have gotten richer and the vast majority of everyone else's road to prosperity remains relatively flat for the next 20-30 years.
 
Objective Voice said:
Is this your way of saying tax cuts leads to job creation by virtue of trickle-down economics? We've tried that already and look where it's gotten us - a nation where the rich have gotten richer and the vast majority of everyone else's road to prosperity remains relatively flat for the next 20-30 years.
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The rich got richer because Obama gutted the labor market flooding cities with hungry job seekers. The owners got the gold mine, the workers got the shaft!
 
Trump will nominate himself for the Nobel Peace Prize before the years is out.
 
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