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Trump's plan......
From an email:
Trumps plan for our financial future.
Many of Trump's opponents and the talking heads critique Donald Trump's plan for the economy, but what are his stances and how will it affect every day American's wallet? Hopefully, this article will provide you with some clarity. We all know Donald Trump has done an excellent job growing his real estate company through his career, but will that translate to a growth in the U.S. economy?
Tax Plan
Mr. Trump's first plan of attack is to completely revamp the tax code. According to his website, his tax plan is as follows:
1.Single citizens earning less than $25,000 or joint filers earning less than $50,000 will pay no income taxes.
2.Reduce the tax brackets down to four: 0%, 10%, 20% and 25% from the seven we currently have.
3.Business income will not be taxed higher than 15%
4.Elimination of the death tax
Obviously, all four of these ideas will increase disposable income for most Americans, which should provide a significant boost to the economy, but how will it be paid for? Mr. Trump claims it will not affect the national deficit because he will also close corporate tax loopholes and incentivize companies to bring money back from overseas. Currently, U.S. overseas money is estimated at over $2 trillion. He also pledged to increase taxes on hedge fund managers by closing their complicated expense loopholes. Mr. Trump's hope is that the lower tax for most Americans will stimulate the economy enough to offset the additional shortfall in tax revenue. If businesses have lower taxes, they should be able to higher more employees. It is a risky plan, but I believe the idea may pay off.
Job Growth
Mr. Trump's second plan of attack, is to stimulate job growth by creating "millions" of jobs. He plans to do this by reviving American manufacturing by challenging China's illegal export subsidies and lax labor and environmental standards. He plans to put a stop to this by taxing American companies up to 35% on their goods coming into this country. Although, I am against most government regulations in private sector operations, I believe this would be a good motivator to keep working class jobs here in America.
Minimum Wage
Donald Trump does not agree with increasing the minimum wage. In fact, he calls for the elimination of the federal minimum wage all together. He believes it will make America non-competitive and drive more jobs overseas. All employees should have the right to earn a reasonable wage, but the lower paying jobs are meant to be temporary. Lower income citizens should strive to obtain better jobs and positions. The government can assist by providing lower cost education and trade courses to citizens.
Trump has some game changing ideas that some see as too risky and flawed. But as this country continues to grow at minimal rates, I think we are in need of some radical changes to kick this country into high gear.
Trumps plan for our financial future.
Many of Trump's opponents and the talking heads critique Donald Trump's plan for the economy, but what are his stances and how will it affect every day American's wallet? Hopefully, this article will provide you with some clarity. We all know Donald Trump has done an excellent job growing his real estate company through his career, but will that translate to a growth in the U.S. economy?
Tax Plan
Mr. Trump's first plan of attack is to completely revamp the tax code. According to his website, his tax plan is as follows:
1.Single citizens earning less than $25,000 or joint filers earning less than $50,000 will pay no income taxes.
2.Reduce the tax brackets down to four: 0%, 10%, 20% and 25% from the seven we currently have.
3.Business income will not be taxed higher than 15%
4.Elimination of the death tax
Obviously, all four of these ideas will increase disposable income for most Americans, which should provide a significant boost to the economy, but how will it be paid for? Mr. Trump claims it will not affect the national deficit because he will also close corporate tax loopholes and incentivize companies to bring money back from overseas. Currently, U.S. overseas money is estimated at over $2 trillion. He also pledged to increase taxes on hedge fund managers by closing their complicated expense loopholes. Mr. Trump's hope is that the lower tax for most Americans will stimulate the economy enough to offset the additional shortfall in tax revenue. If businesses have lower taxes, they should be able to higher more employees. It is a risky plan, but I believe the idea may pay off.
Job Growth
Mr. Trump's second plan of attack, is to stimulate job growth by creating "millions" of jobs. He plans to do this by reviving American manufacturing by challenging China's illegal export subsidies and lax labor and environmental standards. He plans to put a stop to this by taxing American companies up to 35% on their goods coming into this country. Although, I am against most government regulations in private sector operations, I believe this would be a good motivator to keep working class jobs here in America.
Minimum Wage
Donald Trump does not agree with increasing the minimum wage. In fact, he calls for the elimination of the federal minimum wage all together. He believes it will make America non-competitive and drive more jobs overseas. All employees should have the right to earn a reasonable wage, but the lower paying jobs are meant to be temporary. Lower income citizens should strive to obtain better jobs and positions. The government can assist by providing lower cost education and trade courses to citizens.
Trump has some game changing ideas that some see as too risky and flawed. But as this country continues to grow at minimal rates, I think we are in need of some radical changes to kick this country into high gear.
What's next?
Comments
In a month he will claim he never said that.
A month? That's generous. I'll guess 3-4 days.
quote:Originally posted by He Dog
In a month he will claim he never said that.
A month? That's generous. I'll guess 3-4 days.
Not to worry, I've saved a screenshot [:D]
https://www.donaldjtrump.com/positions/tax-reform
Love you Hillary voters posting crap on GunBroker.. OHH about your issues of being a man and by God, I will fight to the end to show how big of a swell is in my pants. Well if your vile creature gets in ,the end for us, the true gun owners is at an end. Thanks so much for your non-efforts if that's the case.
In a month he will claim he never said that.
[:D]
The one thing that worries me about Trumps plans the most is the import tax. If that were to become reality your $22.00 Walmart shoes will be $50.00. That will occur before any jobs return to this country.
Trump claims that just the threat of his import tax will result in a more fair trade situation. That may be true or may not. Actually China has more to loose than us. It will have to be tested but if the bluff doesn't work what then? Plan B might be India. China is not the only cheap labor source. What I do know is , We can't keep getting shafted like this. Besides the establishment will never change the present trade arrangement. They are getting paid off by lobbyists to retain it. The past elections have been over which side gets to screw us. That we know.
Everybody is an idiot. clown, fool, mentally retarded and stupid. Now that the name calling portion of the post is over, Can we talk about the subject at hand?
The one thing that worries me about Trumps plans the most is the import tax. If that were to become reality your $22.00 Walmart shoes will be $50.00. That will occur before any jobs return to this country.
Trum claims that just the thjreat of his import tax will result in a more fair trade situation. That may be true or may not. Actually China has more to loose than us. It will have to be tested but if the bluff doesn't work what then? Plan B might be India. China is not the only cheap labor source.
all the hillbilly's around here go to wal-mart every week and spend their disposable income on cheap stuff so if the cheap stuff goes up they will buy less of the stuff they don't really need any dam way.
you know - they like a t-shirt they see for 10 bucks and get it. if it were 25 they would leave it on the shelf and just wear the ones they already have at home that they've barley wore.
now if shoes were $50 at WM would the 50-60 dollar shoes at other places go up to $100? that's the ?
used to be that if stuff broke or wore thin we would fix or patch it to get a few more months/years out of it. now we just throw it away and buy a new one. was that a bad thing? I still do that and I'm "cheap" according to the wife.
Most of the cheep crap now can't be fixed because it isn't any good when new. How can you fix a Chinese flashlight?
Well, we know Hillary will hit the ground running![B)][8]
Love you Hillary voters posting crap on GunBroker.. OHH about your issues of being a man and by God, I will fight to the end to show how big of a swell is in my pants. Well if your vile creature gets in ,the end for us, the true gun owners is at an end. Thanks so much for your non-efforts if that's the case.
You supporters of Der Fuhrer Trump will not tolerate any dissent. If we don't march in lock step with your master's plan we must all be Hillary supporters.
So who else do you think can win Barney Fife?
"You supporters of Der Fuhrer Trump will not tolerate any dissent. If we don't march in lock step with your master's plan we must all be Hillary supporters." Shilowar.
So who else do you think can win Barney Fife?
HEY NOW! Barney Fife was still a good American.
There's no comparison to the two![;)]
quote:Originally posted by Grasshopper
Well, we know Hillary will hit the ground running![B)][8]
Love you Hillary voters posting crap on GunBroker.. OHH about your issues of being a man and by God, I will fight to the end to show how big of a swell is in my pants. Well if your vile creature gets in ,the end for us, the true gun owners is at an end. Thanks so much for your non-efforts if that's the case.
You supporters of Der Fuhrer Trump will not tolerate any dissent. If we don't march in lock step with your master's plan we must all be Hillary supporters.
False.
I don't march in lockstep with DJT and I don't support HRC.
Referring to Trump as "der fuhrer" is a hollow, meaningless epithet.
Everybody is an idiot. clown, fool, mentally retarded and stupid. Now that the name calling portion of the post is over, Can we talk about the subject at hand?
The one thing that worries me about Trumps plans the most is the import tax. If that were to become reality your $22.00 Walmart shoes will be $50.00. That will occur before any jobs return to this country.
Trump claims that just the threat of his import tax will result in a more fair trade situation. That may be true or may not. Actually China has more to loose than us. It will have to be tested but if the bluff doesn't work what then? Plan B might be India. China is not the only cheap labor source. What I do know is , We can't keep getting shafted like this. Besides the establishment will never change the present trade arrangement. They are getting paid off by lobbyists to retain it. The past elections have been over which side gets to screw us. That we know.
Welcome back to 1861 politics and China, the New South. [:D][:D][:D]
http://abcnews.go.com/Politics/donald-trump-walks-back-tax-plan-negotiated/story?id=38959168
He already tried to walk it back 7 days ago.
http://abcnews.go.com/Politics/donald-trump-walks-back-tax-plan-negotiated/story?id=38959168
And Hillary didn't mean she wanted to put coal companies and coal miners out of business when she said she would put coal companies and coal miners out of business.
Right, Poo Flinger?
Yep the $50.00 shoes would go up to at least $75.00. There all made in China just look at the labels. Question. If we all conserved like we use to in the 40's and 50's what would the job situation look like then?
Most of the cheep crap now can't be fixed because it isn't any good when new. How can you fix a Chinese flashlight?
I wear ECCO shoes made in Denmark. They feel like custom made gloves for your feet and wear like tempered tool steel. They cost 125-250 bucks are are worth every penny.
Than they will cost $500.00
Bpost.
Than they will cost $500.00
Bought a pair of "Uggs" last week,, cost 26,000. Lucky the exchange rate is good.
Everyone seems to have forgotten that most welfare trash steals most of their stuff anyway. If shoplifting was stopped at the Evil Empire (walmart) the prices would go way down.
Oh yeah! Plowed their snow a couple yrs ago at an all night Walmart
It was like a taxi stand with wait times for an arresting officer to come. ALL NIGHT they hauled low lifes away.
Walmart is the #1 origin of PD calls around my Fla home
http://www.tampabay.com/projects/2016/public-safety/walmart-police/