Friday, October 7, 2016

Trump and GOP tax plans

And this is going to fix the tax system? For whom? To pay for these tax cuts for the wealthy they gut social programs for the needy. Sick bastards. Their true agenda is out there, if only the ignorant would look at it instead of listening to the lying spin. But that would of course require a brain, and like the straw man in the Wizard of Oz most people just don't have one and need to believe in an Oz to save them. Who, by the way, turns out to be a con man. Sound familiar?

"Trump and House Republicans have proposed different tax plans, but they are largely in sync on major principles. Both would cut the top tax rate for individuals to 33 percent from the current 39.6 percent. The corporate rate would drop to 15 percent under Trump’s plan and 20 percent under the House GOP plan, from 35 percent today. Both plans also would drain federal coffers of several trillion dollars and give the biggest boost to the wealthy. By the end of the decade, the richest 1 percent would have accumulated 99.6 percent of the benefits of the House GOP plan, according to the nonpartisan Tax Policy Center."

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