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June 26, 2026, 8:40 pm
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Comments
Here's a thought: Trump said that this proposal 'will cost him a fortune." Now, what this says to me is that either he's going to pay for the deal, or, he's gonna lose a fortune due to the implementation of it. Either way, how much sense can this make? I mean, really? The smoke is about to start clearing...and I'd like to kick up just a little dust, myself, with this article directly from a CONSERVATIVE GROUP CALLED TAX FOUNDATION. The excerpt after the link is the tell all about the long term affect of this deal and it's interesting to say the least.
http://taxfoundation.org/article/details-and-analysis-donald-trump-s-tax-plan
Conclusion
Donald Trump’s tax plan would enact a number of tax reforms that would both lower marginal tax rates on workers and significantly reduce the cost of capital. These changes in the incentives to work and invest would greatly increase the U.S. economy’s size in the long run, leading to higher incomes for taxpayers at all income levels. The plan would also be a large tax cut, which would increase the federal government’s deficit by over $10 trillion, both on a static and dynamic basis.
Trump said it won't increase the deficit. In a nutshell, it seems everybody get's a raise but at the expense of what? His healthcare numbers haven't even been cross examined in conjunction with this $10+ trillion deficit. I encourage you to really study the Distributional Impact portion of this analysis...IT'S PROGRESSIVE AND STILL REALLY DESIGNED FOR THE TOP.
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