Author Topic: Trump using CNBC analyst to redo his tax plan - Will raise deficit 3.8 TRILLION  (Read 385 times)

240 is Back

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Wealthy people, I know Trump said he'd cut your tax rate.  Well, he hired an NBC employee to "fix" things.   You don't get your cuts he promised - and his breaks for the poor just bumped our deficit up by nearly FOUR TRILLION.  

Is this what you considered "making america great again?"  Letting NBC liberals raise the US deficit by 20% overnight while punishing the wealthy, and giving handouts to the poor?   Why didn't you just vote for Bernie and cut out the middleman ;)




Trump Turns to Kudlow, Moore to Rewrite Tax Plan. (Tweak)
Newsmax ^ | May 11, 2016

Economist and CNBC host Kudlow tells Politico the changes he and Moore are recommending are just "tweaking" Trump's original plan, but the Tax Foundation now estimates those revisions would expand the deficit by $3.8 trillion.

"The full effect of all the things we talked about would have a very important reduction in the deficit," Kudlow tells Politico. "The economic growth would be increased, as would jobs and wages."

Trump's initial plan included eliminating federal income taxes for individuals making less than $25,000 and for married couples earning below $50,000, slashing the highest income tax rate from 39.6 percent to 25 percent and cutting the business tax rate from 35 percent to 15 percent.

Some of those numbers could now shift, Kudlow tells Politico, adding, however: "Mr. Trump has not signed off on any of this."

Economist and CNBC host Kudlow tells Politico the changes he and Moore are recommending are just "tweaking" Trump's original plan, but the Tax Foundation now estimates those revisions would expand the deficit by $3.8 trillion.

"The full effect of all the things we talked about would have a very important reduction in the deficit," Kudlow tells Politico. "The economic growth would be increased, as would jobs and wages."

Trump's initial plan included eliminating federal income taxes for individuals making less than $25,000 and for married couples earning below $50,000, slashing the highest income tax rate from 39.6 percent to 25 percent and cutting the business tax rate from 35 percent to 15 percent.

Some of those numbers could now shift, Kudlow tells Politico, adding, however: "Mr. Trump has not signed off on any of this."

SOMEPARTS

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I gave Kudlow a chance on his financial radio show a few years back. Ugh. No....just no.