Sound the trumpets!
Donald Trump has released his highly anticipated tax plan.
A plan that according to Trump is so brilliant that the world’s leading economists are asking why no one ever thought of it before.
A plan that will slash taxes on the middle class…eliminate taxes on the working poor…and finally make the hedge fund millionaires and billionaires pay their fair share.
A plan that when combined with Trump’s “fantastic” and “brilliant” economic agenda is destined to make us all “RICH”!
Sound the trumpets! Bang the gongs! Hosanna in the highest! We’re all going to be rich!
Make no mistake…Trump’s plan does cut taxes. He cuts the tax rate on regular income from 39.6% to 25%. He cuts the capital gains rate from 23.8% to 20%. The corporate tax rate is cut from 35% to 15%. Business owners will now pay a flat 15%. The estate tax is history. Whoohoo!
Someone had the audacity to ask Trump how he was going to pay for his plan which cuts trillions of dollars from the federal government’s income stream.
No worries! Says Trump. He is going to pay for all of these tax cuts by eliminating the tax deductions and tax loopholes the rich use to avoid paying their fair share.
Another trouble maker noted that the tax savings provided by closing those loopholes won’t come close to covering the trillions in tax revenue required to fund the government. So how does Trump propose to make up the difference? Again…sweating the details.
Stop being such killjoys. Trump has it all figured out. He’ll make up the difference through economic growth. “I make great deals! I’ll make great deals that will grow our economy. My plan will grow the economy by 5 or 6 %. Some people say it will grow even more than that.” I’m going to get our jobs back from China…from Japan…from Mexico. Trust me…I’m going to make America great again.”
There is a bit of a glitch. In spite of his statements to the contrary Trump’s plan CUTS taxes for the hated hedge fund guys. And most economists believe that his projections of 5-6% economic growth are unrealistic.
Who cares! Why sweat the details. We’re all going to be rich!
I’m sold! How about you?
In fact why not forget about this whole election nonsense.
Let’s just appoint Trump president get this party started!!!
We’re all going to be rich!!!