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Trump Seeks Tax Hike on Wealthy Earning $2.5 Million or More

Tax the rich, tax the rich, tax the rich.

That's the only way we are going to pay for our country.

So what's the impact?

They have to give up another diamond chandelier in their villa on the French Riviera?

Pshsht.
 
NuffSaid said:
Typical MAGA response - the rich are such victims and the poor people are evil.
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Yeah, and the poor are poor because it's their own damned fault for 'being stupid,' and 'making poor choices in life.'

Such as being born into a family of cross-generational poverty that has no idea how to instill confidence nor success into their young.

Such a "bad decision..."
 
She's always had the right idea !!!
 
Greenbeard said:
He was lying, like usual. The goal is to slash Medicaid, not tax the rich.
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It appears the goal was to get the left to meltdown in opposition to raising taxes on the rich - which they predictably did..

Trump plays you like a fiddle.

Trump needs to come out in favor of breathing, it will solve most of the problems America faces.
 
dobieg said:
It would be so amusing if Trump undercut Democrats and hiked taxes on the rich to pay for tax cuts for the middle class.
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If Trump actually convinces MAGA hats to vote for a tax hike on rich people, that will actually be an accomplishment for which he will deserve credit. I'll believe it when I see it though.
dobieg said:
Perhaps if Demcorats weren't such flaming idiots they would get back to their roots of being for the working man and actually do something useful for the middle class on taxes.
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So you agree that the standard Democratic view that taxes are too low on rich people is useful for the middle class, and that the standard Republican view that taxes are too high on rich people is not useful for the middle class. OK, that's progress. Would have been nice if MAGA hats could reach that conclusion on their own, instead of waiting for their cult leader to tell them to flip on this though. But I'll take it!

You might want to hold off on worshipping Trump until *after* he actually accomplishes something. "Seeking" a tax hike (supposedly) isn't actually the same as cajoling Congress and signing one into law.
 
Uncensored2008 said:
It appears the goal was to get the left to meltdown in opposition to raising taxes on the rich - which they predictably did..

Trump plays you like a fiddle.
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Huh? I said above that backing off the gutting of Medicaid and raising taxes on the rich would make it a palatable bill. But correctly predicted it was just a lie.
 
The whole personal injury lawyer industry is based on the little guy suing the big guy. Judging by how many of these lawyers are out there I would argue that the little guy has equal if not more access to lawyers than the big guys. Both sides must pay for their legal representation.
 
No. It is about the "little guy" suing the medium guys o those at the same level even, not the big guys.



If you are in an accident (most common personal injury lawsuit), is it really you suing some big company, or are you suing the guy who likely makes about the same as you on average?
 
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Uncensored2008 said:
I knew I could count on the radical left to be outraged...

HOW DARE TRUMP TAX THE RICH!

You can't make this shit up.

I tell you, Trump needs to come out in favor of breathing, it will solve most of the problems America faces.
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Maybe I've missed it (admittedly I skimmed the thread) but I haven't heard any liberals say they would be outraged if Trump taxed the rich.
 
eohrnberger said:
"extending the 2017 tax cut mostly for the rich" is their already making shit up. Why would they stop?
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The 2017 tax cut is, in fact, mostly for the rich. If you want to extend solely the comparatively small portion of the tax cut for the poor and middle-class, great, let's extend that. I'm on board with that.
 
Gatsby said:
Maybe I've missed it (admittedly I skimmed the thread) but I haven't heard any liberals say they would be outraged if Trump taxed the rich.
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The libs would be so owned if Trump taxed the rich!
 
Gatsby said:
The 2017 tax cut is, in fact, mostly for the rich.
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Yes, yes, this is what the left constantly claims, however . . .
. . . those talking points don't appear to align with the data above.
 
Further supported by:
with yet further support by:
So I'm skeptical of the left's claims to the contrary.

Gatsby said:
If you want to extend solely the comparatively small portion of the tax cut for the poor and middle-class, great, let's extend that. I'm on board with that.
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Ignorant shit talk talk noted.

Traitor Trump’s 2017 Tax Cuts and Jobs Act disproportionately advantaged corporations and the wealthiest Americans with permanent tax cuts while providing comparatively small temporary tax cuts for the vast majority of Americans.

The most likely reason for Traitor Trump’s recent public talk of raising, or returning to pre-TCJA tax rates, the personal tax rates on highest earning Americans is because he will need Dem support to make permanent several provisions in TCJA that are set to expire at the end of this year.
 
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This thread is a great example of extremists not actually listening to their opponents in the slightest...
 
Conservatives always say that tax cuts raised revenue and it's almost never true (unless taxes were initially at some ridiculously high level). Whenever there's a study arguing this, one can be sure that Art Laffer's name is on it somewhere. He is the avatar of right-wing crank economics, just as Stephanie Kelton is the avatar of left-wing crank economics (both of whom get to similar conclusions that we can get something for nothing).

There are no free lunches. We aren't going to cut taxes AND raise revenue.
 
Gatsby said:
Conservatives always say that tax cuts raised revenue and it's almost never true (unless taxes were initially at some ridiculously high level).
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Again, the fact remains that US federal government revenues increased after those tax cuts.
US federal government tax revenues have been going up since 2009.

U.S. Federal Government Tax Revenue

The federal government generates tax revenue through sources like income and corporate taxes. Learn how much tax revenue the U.S. generates each year.
www.thebalancemoney.com

Nearly double in the time span shown.
Are you trying to tell me that the government's obligations have similarly grown?
If so, then it's time to start looking at those 'obligations', as I rather doubt that some of them really are obligations.
(Now waiting for the baseless sob story of 'it'll kill children' )

Everyone is entitled to their opinions.

Gatsby said:
There are no free lunches. We aren't going to cut taxes AND raise revenue.
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Again, the fact remains that US federal government revenues increased after those tax cuts.

Further, since when government fraud, waste and abuse (that no one in DC wants to do anything about) any sort of justification for increasing taxes on those who work?

Sorry, but, no, the US federal government needs to get on a harsh and strict money diet to squeeze out the fraud, waste and abuse, and gross largess spending.
 
Uncensored2008 said:
I knew I could count on the radical left to be outraged...

HOW DARE TRUMP TAX THE RICH!

You can't make this shit up.

I tell you, Trump needs to come out in favor of breathing, it will solve most of the problems America faces.
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lolol
 

I’ll believe it when I see a bill coming out of the Oval with the White House’s full support.

Why? Because Trump has a track record and this isn’t part of it.

You see, there are those of us whose opinion of Trump, despite MAGA outrage and “hate based” to the contrary, is positioned upon practical, pragmatic, thinking based on documented fact.
 
Yeah, I certainly don't believe it at this point.
 
dmpi said:
Do the wealthy get rich because of the goverment or despite of the goverment?
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Behind every anti government libertarian tech CEO is a massive government contract.
 
eohrnberger said:
Again, the fact remains that US federal government revenues increased after those tax cuts.
US federal government tax revenues have been going up since 2009.
​
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You guys hurt yourselves when you make statements like this in front of people who dig a little to find out the actual whys and wherefores.

The Trump tax cut didn’t raise these revenues.

It was, in part, inflation but most of it was the tariffs. The tariffs paid by U.S. CONSUMERS, AKA WORKING AND MIDDLE CLASS FOLK.

What Trump did, and he is attempting the repetition of now, is one of the greatest transfers of wealth in the nation’s history. Taking HUNDREDS OF BILLIONS OF WEALTH ANNUALLY AND TRILLIONS OVER THE NEXT TEN YEARS, from the pockets of the working and middle classes and putting it in the pockets of the rich and very well to do in the form of vastly reduced income taxation on the wealthy and replacing it with a purchasing tax on consumers.

That is precisely what the income tax reductions combined with tariffs are and accounts for most of that which you are pointing out in greater Fed tax revenue.
 
ModernDiogenes said:
You guys hurt yourselves when you make statements like this in front of people who dig a little to find out the actual whys and wherefores.
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None the less the data posted in #115 and #119 is correct.

ModernDiogenes said:
The Trump tax cut didn’t raise these revenues. It was, in part, inflation but most of it was the tariffs. The tariffs paid by U.S. CONSUMERS, AKA WORKING AND MIDDLE CLASS FOLK.
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I see an assertion, but what I don't see is any support for it.

Yes, this the constant refrain from the left. They accuse every nno-Democrat president of doing this. Its faded into background noise from over use.

ModernDiogenes said:
That is precisely what the income tax reductions combined with tariffs are.
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