Informed Comment Homepage

Thoughts on the Middle East, History and Religion

Header Right

Donate

  • Facebook
  • Twitter
  • Google+
  • Email
  • RSS
  • Featured
  • US politics
  • Middle East
  • Environment
  • US Foreign Policy
  • Energy
  • Economy
  • Politics
  • About
  • Archives
  • Submissions

© 2023 Informed Comment

  • Skip to content
  • Skip to primary sidebar
Plutocracy

Donald Trump wants to cut taxes of self, other Billionaires by $3 Trillion

contributors 09/29/2015

Tweet
Share
Reddit
Email
0 Shares

John Iadarola and Jimmy Dore | (The Young Turks) | – –

“Donald Trump’s tax plan is being pitched, and covered by the media, with terms like “populist” and “tax hikes for the wealthy,” but those are complete lies. John Iadarola (Think Tank) and Jimmy Dore (The Jimmy Dore Show Podcast), hosts of the The Young Turks, break it down…

“Donald Trump unveiled his new plan for overhauling the federal tax code in a speech at Trump Tower in New York this morning. The plan — previewed in a Wall Street Journal article and detailed by the campaign here — is being sold as a populist overture, a cut for the poor and middle class that still hits rich hedge fund managers, in sharp contrast to the more rich-friendly proposals of Trump’s rivals like Jeb Bush, Marco Rubio, and Rand Paul. “I don’t want to have certain people on Wall Street getting away with paying no tax,”Trump told 60 Minutes’ Scott Pelley on Sunday night.

But in reality, Trump’s proposal promises cuts for the rich even larger than Bush’s. It slashes the corporate tax rate by more than half. It cuts tax rates on capital gains and investment income. It’s an orthodox supply-side conservative tax plan in a middle-class tax cut’s clothing.”

The Young Turks: “Trump’s Plan: Lower Taxes For Himself, Explode Deficit, Slash Social Programs”

Filed Under: Plutocracy, Republican Party

Primary Sidebar

STAY INFORMED

Join our newsletter and have sharp analysis delivered to your inbox every day.

Twitter

Follow Juan Cole @jricole or Informed Comment @infcomment on Twitter

Facebook



Sign up for our newsletter

Informed Comment © 2023 All Rights Reserved

Posting....