🤦♂️ You aren’t an ALARMIST are you 😂 Firstly, it a 45 Years Old group of ideas which President Trump has No Interest in other than appeasing some folk 🤦♂️ Secondly, You and Yours are seemingly Ignoring how our Government Functions 💥 BUT, therein lies the catch “You All WANT an OVERPOWERING federal government 🤨 not unlike certain “countries” have… до свидания и доброго вечера 🤷♂️🔥💥
WELL, Refuting is a Customary Practice in FREE REPUBLICS you do know 🤷♂️ Ah that’s right, we are Now a Captured Operation with the “Total Control Federal Government “ you So desire 🤨 You Do know the last refuge was Designed for those as 🫵 who Slanderously blather yet Can’t provide a valid refutation 🙉 Sad , VERY SAD
There is a video of Trump praising The Heritage Foundation for making a plan that will be implemented during his next term. The fact that you believe his outlandish lies is truly sad. He is a lifelong con man, a failed businessman, and the worst president in our history as ranked by several scholars of presidential history. He never talks about policies because he has none. It is Project 2025. He has distanced himself from it because it is wildly unpopular. But make no mistake, if he were to win those plans would be implemented. He never has a straight answer when asked questions. He calls it, “the weave.” Please, and I ask this with all due respect, step outside your comfort zone and do some research that is not from your regular sources. There is a reason hundreds of true Republicans are voting for Harris, and why dozens of former military leaders are warning us. Trump is not a victim. There is no group conspiring against him. He is a guilty man. Again, please look up his history.
Trump has been nothing but a failure in business adventure after business adventure (he even went bankrupt, twice - twice, with a casino (how do you go bankrupt with a casino?) - remember his money is mostly inherited. And now he intends to bring down the rest of us. (Tariffs on China? You mean the country that makes his campaign merch? Check it out, I have, it says Made in China) As Robert Reich pointed out that if Trump was as smart as he says he is, he would have done much much better to invest his money in an index fund. John Bogle could have told him that, but he's too smart to listen to anyone else.... And our government used to "work" because those that were elected actually went to Washington to work on the issues facing America. I am old enough to remember legislators from my state from different parties that ACTUALLY worked together, even if they had different ideas. They were able to come up with solutions because they worked together and listened to each other. NOW too often the people that are elected (especially Republicans) have as their mandate - do nothing unless it benefits some people (especially the billionaires and corporations AND make sure people are not told the truth and made to fight with each other as they are robbing the public blind) and not others. Case in point - there was a bipartisan immigration deal (imagine that a bipartisan deal), but Trump wanted to use it as a campaign issue and so out the window it went. And his solution? Round up people, put them in internment camps (can you say Nazi Germany) and deport them. And I just talked to someone today who said his daughter is having trouble finding workers. It is bad now, imagine what it will be like soon? "Give us your tired your poor... but NOT unless Donald Trump approves. Where did your family immigrate from? Do not under any circumstances work together. Remember when legislators actually lived in Washington and saw each other frequently. That went out the window with Gingrich and do NOT under any circumstances see each other, visit with each other, attend church and other activities together...... you now are told to NOT work together and if you do you will be a target for removal by your OWN party. And with the arrival of social media, now people can retreat to their own private corner and never interact with or get to know their neighbors like they used to do out walking and visiting with each other. And always remember to go on the attack.........and never stop to ask - maybe I am missing something - I should maybe dig a little deeper. Trump is not going to make America better - his making America BITTER!
Another graphic on the Proposed Trump Tax Proposal for America. Find yourself and what Trump will do to you.......distributional impact of Trump’s tax proposals
With just 19 days left before the election, Donald Trump is desperately trying to muddy the waters around his tax plan. But there’s no getting around it: cumulatively, his proposals would hurt millions of working people while giving a tiny fraction of wealthy people like us yet another break.
Our friends at the Institute on Taxation and Economic Policy (ITEP) recently analyzed the distributional impact of Trump’s tax proposals for a second term in office. These policies include: extending the temporary provisions of his 2017 tax law that are scheduled to expire at the end of 2025 (with the exception of its $10,000 cap on State and Local Tax deductions, which Trump has flip-flopped on and promised to restore); exempting certain types of income from taxes, including overtime pay, tips, and Social Security benefits; reducing the corporate tax rate from 21% to 20%, and further to 15% for companies that manufacture their products in America; repealing green energy tax credits enacted as part of President Biden and Democrats’ Inflation Reduction Act; and imposing a new 20% tariff on imports, with a special 60% tariff on goods from China.
To put it mildly, ITEP’s findings were nothing short of shocking. It has always been crystal clear that Trump had an abysmal track record on tax policy, but the analysis from ITEP was a grim wake-up call regarding the extent to which his new proposals would enrich the ultra-wealthy at the expense of everyone else.
According to the report, here’s what would happen if all of Trump’s tax proposals went into effect in 2026:
Only the richest 5% of earners would receive a tax cut. All other income groups would experience a tax increase.
The richest 1% of earners (making over $914,900) would receive an average tax cut of $36,320. Meanwhile, the bottom 20% of earners (earning below $28,600) would see an average tax hike of $790 and the middle 20% (earning $55,100 - $94,100) would see an average hike of $1,530.
The impact of Trump’s proposals when measured as a share of income is even worse. The richest 1% would receive a tax cut equal to 1.2% of their income, while the bottom 20% of earners would experience a tax hike equal to 4.8% of their income.
Extending provisions of Trump’s 2017 tax bill and exempting certain types of income from taxes would give all taxpayers across the income spectrum a tax cut, but for earners outside the top 5%, this would be more than offset by the large tax increases, i.e. price increases, that would result from Trump’s tariffs.
So what, you may ask, does Trump have to say about all this? Nothing intelligible, for starters.
Judging by the interview that he gave yesterday with Bloomberg News Editor-in-Chief John Micklethwait at the Economic Club of Chicago, it’s not entirely clear Trump understands his own economic policies beyond a shallow but unflappable belief that tax cuts are good. Over the course of an hour, Micklethwait pressed Trump about the various pitfalls of his economic proposals but was unsuccessful in gathering any kind of meaningful response from him. When cornered, Trump resorted to personally attacking Micklethwait and deflecting to other subjects in his self-styled “weave” where he rambles nonsensically from topic to topic. He even took the opportunity to propose raising tariffs as high as 50%. Trump further called tariffs “the most beautiful word in the dictionary,” but when Micklethwait pressed him about the damage that they would do to the average consumer, Trump insisted that all was well because he was “always good at mathematics.” It was a bizarre performance, even for the self-proclaimed “very stable genius.”
But Trump and his team don’t just stop at deflecting and “weaving” around the uncomfortable and inconvenient truth that his tax proposals will hurt the poor to help the rich. They have also taken to outright lying about it. The Trump campaign has spent $450,000 airing a 30-second TV ad in five swing states that contrasts Trump and Harris on taxes. The ad starts by quoting an August 22nd piece from The New York Times, “Harris is seeking to significantly raise taxes,” and then finishes by stating that Trump will cut taxes. But Trump oh-so-conveniently left out the second half of the full sentence in the Times, which was “Harris is seeking to significantly raise taxes on the wealthiest Americans and large corporations.”
Harris’ tax plans would be a complete 180 from Trump’s. Her proposals – including raising the corporate tax rate from 21% to 28%; quadrupling the stock buyback tax from 1% to 4%; repealing the reduced tax rate on foreign-derived intangible income (which has helped 15 major companies avoid more than $1 billion in taxes); increasing the top income tax rate to 39.6%; expanding the Child Tax Credit and Earned Income Tax Credit; and providing a $25,000 tax credit to first-time homebuyers – will work to give much-needed financial relief to working Americans and force wealthy people like us to start paying our fair share in taxes. One analysis found that, under these and some of Harris’ other tax plans, in 2025, the bottom 20% of earners would see their after-tax incomes increase by 16.5%, while the top 1% would witness a 9.5% decrease in income.
In case we haven’t said it enough, 2025 will be a pivotal year for taxes in America. (It’s now even being called the “Super Bowl of Tax.") When many of the individual provisions of the 2017 Trump tax law expire at the end of next year, the newly elected president and Congress will have the unique opportunity to essentially rewrite the tax code. How they do that depends on which party wins which branch of government.
If lawmakers really want to reinvigorate our economy, give workers some financial breathing room, and finally start reeling in extreme levels of inequality, one thing is clear: Trump’s tax playbook isn’t the way to do it. And no matter how much Trump may try, no amount of “weaving” will change that.
Reportedly Trump's transition team is preparing a "blacklist" of people associated with the Project 2025 document who will be barred from a future Trump administration. And if you believe that, I've got a bridge to sell you...
🤦♂️ You aren’t an ALARMIST are you 😂 Firstly, it a 45 Years Old group of ideas which President Trump has No Interest in other than appeasing some folk 🤦♂️ Secondly, You and Yours are seemingly Ignoring how our Government Functions 💥 BUT, therein lies the catch “You All WANT an OVERPOWERING federal government 🤨 not unlike certain “countries” have… до свидания и доброго вечера 🤷♂️🔥💥
How’s that kool aide? Your remarks would be funny if they were anything but lies.
WELL, Refuting is a Customary Practice in FREE REPUBLICS you do know 🤷♂️ Ah that’s right, we are Now a Captured Operation with the “Total Control Federal Government “ you So desire 🤨 You Do know the last refuge was Designed for those as 🫵 who Slanderously blather yet Can’t provide a valid refutation 🙉 Sad , VERY SAD
There is a video of Trump praising The Heritage Foundation for making a plan that will be implemented during his next term. The fact that you believe his outlandish lies is truly sad. He is a lifelong con man, a failed businessman, and the worst president in our history as ranked by several scholars of presidential history. He never talks about policies because he has none. It is Project 2025. He has distanced himself from it because it is wildly unpopular. But make no mistake, if he were to win those plans would be implemented. He never has a straight answer when asked questions. He calls it, “the weave.” Please, and I ask this with all due respect, step outside your comfort zone and do some research that is not from your regular sources. There is a reason hundreds of true Republicans are voting for Harris, and why dozens of former military leaders are warning us. Trump is not a victim. There is no group conspiring against him. He is a guilty man. Again, please look up his history.
Let me See the Video 🤷♂️ SIMPLE ENOUGH 🤨
ALSO, You Can UNDERSTAND the Simple Wording I began with can’t you pal 🤷♂️
Thank you 💙💙
Trump has been nothing but a failure in business adventure after business adventure (he even went bankrupt, twice - twice, with a casino (how do you go bankrupt with a casino?) - remember his money is mostly inherited. And now he intends to bring down the rest of us. (Tariffs on China? You mean the country that makes his campaign merch? Check it out, I have, it says Made in China) As Robert Reich pointed out that if Trump was as smart as he says he is, he would have done much much better to invest his money in an index fund. John Bogle could have told him that, but he's too smart to listen to anyone else.... And our government used to "work" because those that were elected actually went to Washington to work on the issues facing America. I am old enough to remember legislators from my state from different parties that ACTUALLY worked together, even if they had different ideas. They were able to come up with solutions because they worked together and listened to each other. NOW too often the people that are elected (especially Republicans) have as their mandate - do nothing unless it benefits some people (especially the billionaires and corporations AND make sure people are not told the truth and made to fight with each other as they are robbing the public blind) and not others. Case in point - there was a bipartisan immigration deal (imagine that a bipartisan deal), but Trump wanted to use it as a campaign issue and so out the window it went. And his solution? Round up people, put them in internment camps (can you say Nazi Germany) and deport them. And I just talked to someone today who said his daughter is having trouble finding workers. It is bad now, imagine what it will be like soon? "Give us your tired your poor... but NOT unless Donald Trump approves. Where did your family immigrate from? Do not under any circumstances work together. Remember when legislators actually lived in Washington and saw each other frequently. That went out the window with Gingrich and do NOT under any circumstances see each other, visit with each other, attend church and other activities together...... you now are told to NOT work together and if you do you will be a target for removal by your OWN party. And with the arrival of social media, now people can retreat to their own private corner and never interact with or get to know their neighbors like they used to do out walking and visiting with each other. And always remember to go on the attack.........and never stop to ask - maybe I am missing something - I should maybe dig a little deeper. Trump is not going to make America better - his making America BITTER!
Another graphic on the Proposed Trump Tax Proposal for America. Find yourself and what Trump will do to you.......distributional impact of Trump’s tax proposals
October 16, 2024
Hi Friends of the Patriotic Millionaires,
With just 19 days left before the election, Donald Trump is desperately trying to muddy the waters around his tax plan. But there’s no getting around it: cumulatively, his proposals would hurt millions of working people while giving a tiny fraction of wealthy people like us yet another break.
Our friends at the Institute on Taxation and Economic Policy (ITEP) recently analyzed the distributional impact of Trump’s tax proposals for a second term in office. These policies include: extending the temporary provisions of his 2017 tax law that are scheduled to expire at the end of 2025 (with the exception of its $10,000 cap on State and Local Tax deductions, which Trump has flip-flopped on and promised to restore); exempting certain types of income from taxes, including overtime pay, tips, and Social Security benefits; reducing the corporate tax rate from 21% to 20%, and further to 15% for companies that manufacture their products in America; repealing green energy tax credits enacted as part of President Biden and Democrats’ Inflation Reduction Act; and imposing a new 20% tariff on imports, with a special 60% tariff on goods from China.
To put it mildly, ITEP’s findings were nothing short of shocking. It has always been crystal clear that Trump had an abysmal track record on tax policy, but the analysis from ITEP was a grim wake-up call regarding the extent to which his new proposals would enrich the ultra-wealthy at the expense of everyone else.
According to the report, here’s what would happen if all of Trump’s tax proposals went into effect in 2026:
Only the richest 5% of earners would receive a tax cut. All other income groups would experience a tax increase.
The richest 1% of earners (making over $914,900) would receive an average tax cut of $36,320. Meanwhile, the bottom 20% of earners (earning below $28,600) would see an average tax hike of $790 and the middle 20% (earning $55,100 - $94,100) would see an average hike of $1,530.
The impact of Trump’s proposals when measured as a share of income is even worse. The richest 1% would receive a tax cut equal to 1.2% of their income, while the bottom 20% of earners would experience a tax hike equal to 4.8% of their income.
Extending provisions of Trump’s 2017 tax bill and exempting certain types of income from taxes would give all taxpayers across the income spectrum a tax cut, but for earners outside the top 5%, this would be more than offset by the large tax increases, i.e. price increases, that would result from Trump’s tariffs.
So what, you may ask, does Trump have to say about all this? Nothing intelligible, for starters.
Judging by the interview that he gave yesterday with Bloomberg News Editor-in-Chief John Micklethwait at the Economic Club of Chicago, it’s not entirely clear Trump understands his own economic policies beyond a shallow but unflappable belief that tax cuts are good. Over the course of an hour, Micklethwait pressed Trump about the various pitfalls of his economic proposals but was unsuccessful in gathering any kind of meaningful response from him. When cornered, Trump resorted to personally attacking Micklethwait and deflecting to other subjects in his self-styled “weave” where he rambles nonsensically from topic to topic. He even took the opportunity to propose raising tariffs as high as 50%. Trump further called tariffs “the most beautiful word in the dictionary,” but when Micklethwait pressed him about the damage that they would do to the average consumer, Trump insisted that all was well because he was “always good at mathematics.” It was a bizarre performance, even for the self-proclaimed “very stable genius.”
But Trump and his team don’t just stop at deflecting and “weaving” around the uncomfortable and inconvenient truth that his tax proposals will hurt the poor to help the rich. They have also taken to outright lying about it. The Trump campaign has spent $450,000 airing a 30-second TV ad in five swing states that contrasts Trump and Harris on taxes. The ad starts by quoting an August 22nd piece from The New York Times, “Harris is seeking to significantly raise taxes,” and then finishes by stating that Trump will cut taxes. But Trump oh-so-conveniently left out the second half of the full sentence in the Times, which was “Harris is seeking to significantly raise taxes on the wealthiest Americans and large corporations.”
Harris’ tax plans would be a complete 180 from Trump’s. Her proposals – including raising the corporate tax rate from 21% to 28%; quadrupling the stock buyback tax from 1% to 4%; repealing the reduced tax rate on foreign-derived intangible income (which has helped 15 major companies avoid more than $1 billion in taxes); increasing the top income tax rate to 39.6%; expanding the Child Tax Credit and Earned Income Tax Credit; and providing a $25,000 tax credit to first-time homebuyers – will work to give much-needed financial relief to working Americans and force wealthy people like us to start paying our fair share in taxes. One analysis found that, under these and some of Harris’ other tax plans, in 2025, the bottom 20% of earners would see their after-tax incomes increase by 16.5%, while the top 1% would witness a 9.5% decrease in income.
In case we haven’t said it enough, 2025 will be a pivotal year for taxes in America. (It’s now even being called the “Super Bowl of Tax.") When many of the individual provisions of the 2017 Trump tax law expire at the end of next year, the newly elected president and Congress will have the unique opportunity to essentially rewrite the tax code. How they do that depends on which party wins which branch of government.
If lawmakers really want to reinvigorate our economy, give workers some financial breathing room, and finally start reeling in extreme levels of inequality, one thing is clear: Trump’s tax playbook isn’t the way to do it. And no matter how much Trump may try, no amount of “weaving” will change that.
Warmly,
The Patriotic Millionaires
Reportedly Trump's transition team is preparing a "blacklist" of people associated with the Project 2025 document who will be barred from a future Trump administration. And if you believe that, I've got a bridge to sell you...
https://amp.theguardian.com/us-news/2024/oct/17/trump-team-project-2025-banned-staffers