Republicans Concerned About Trump Plan To Raise Taxes
Donald Trump is worrying some conservatives who don’t like his populist views on taxes.
The tendency of that candidate, the billionaire developer Donald J. Trump, to make provocative, headline-grabbing speeches has helped obscure an emerging set of beliefs: that he would raise taxes in certain areas, particularly on corporations that he believes do not act in the best interests of the United States.
In recent weeks, Mr. Trump has threatened to impose tariffs on American companies that put their factories in other countries. He has threatened to increase taxes on the compensation of hedge fund managers. And he has vowed to change laws that allow American companies to benefit from cheaper tax rates by using mergers to base their operations outside the United States.
Alarmed that those ideas might catch on with some of Mr. Trump’s Republican rivals — as his immigration policies have — the Club for Growth, an anti-tax think tank, is pulling together a team of economists to scrutinize his proposals and calculate the economic impact if he is elected.
“All of those are anti-growth policies,” said David McIntosh, the president of the Club for Growth, a group that Republican candidates routinely court. “Yes he’s a businessman, but if those are the policies he implements, they’ll drive the economy into the ground and we’ll see huge drops in G.D.P., and frankly I think it would lead to massive loss of jobs.”
Copyright 2015 Liberaland
29 responses to Republicans Concerned About Trump Plan To Raise Taxes
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rg9rts September 1st, 2015 at 07:03
Blasphemy!!!!!!!!!!!!!! Never against the rich
Chris September 1st, 2015 at 07:16
Wonder how the Republicans who love them some “beholden to no one” candidate love him now.
Fall in love with a dictator and suffer the consequences.
Larry Schmitt September 1st, 2015 at 08:05
You mean like the dictator President Obama?
Roctuna September 1st, 2015 at 07:41
If the Club for Growth (of their personal fortunes) hates the idea, it’s probably a good one.
Obewon September 1st, 2015 at 09:01
Yeah sure copy Bill Clinton’s playbook. So lets say Trump / Palin’16~ raised taxes +3% on the wealthiest just like Clinton’42 did, creating 40 M+ gross jobs amid 22.5 M net private jobs, erasing Bush Sr’s then record deficits, realizing $550 B consecutively surplussed of CBO’s $5.6 T+ further forecast surpluses.
Vs debunked CFG’s Greedy Oil Polluter fantasies: but if those are the policies he implements, they’ll drive the economy into the ground and we’ll see huge drops in G.D.P., and frankly I think it would lead to massive loss of jobs.” Clinton’s U.S. record $10 T+ GDP e.g.
Suzanne McFly September 1st, 2015 at 09:25
I don’t understand how normal citizens can support these policies when we have lived through times that showed how successful these ideas are. Why can’t we tax companies who move their companies overseas or increase taxes on hedge fund managers? These voters seem to be devoid of reason.
Obewon September 1st, 2015 at 09:29
Even Pope Francis says Reagan and the Bush Sr & Jr dynasties ‘greedy idolatry’ of ‘trickle down has never been proven by the facts!’ http://thinkprogress.org/economy/2013/11/26/2997451/pope-francis-trickle/
Suzanne McFly September 1st, 2015 at 10:04
I love my Pope :)
Larry Schmitt September 1st, 2015 at 13:24
This is the only trickle down that works.
https://www.google.com/imgres?imgurl=http%3A%2F%2Fbillanddavescocktailhour.com%2Fwp-content%2Fuploads%2F2011%2F04%2FTdown05212.jpg&imgrefurl=http%3A%2F%2Fbillanddavescocktailhour.com%2Fthe-trickle-down-theory%2F&docid=58Ewockd9l7pIM&tbnid=lNqxo8P4FF7z3M%3A&w=1223&h=1496&ei=6d7lVZLrFoX0-AHg0aaYAQ&ved=0CAIQxiAwAGoVChMI0oPy5KzWxwIVBTo-Ch3gqAkT&iact=c&ictx=1
bahlers September 2nd, 2015 at 07:10
When has a country pulled itself out of recession through taxation? The only way wages increase is through economic growth. Why is it that wages have stagnated and dropped under Obama’s tenure? Why is it that wages increased during Reagan’s tenure and for the vast majority of Bush Jr’s? And why is it the Democrats lost control of both houses of congress in the 90s?
Obewon September 4th, 2015 at 01:42
Bush Jr’s Great Recession cost $17 T+ in U.S. assets.
GWB’s 12/07 Great Recession record low everything since (R) Hoover’s Great Depression! 1.08 M eight year private jobs total left “Bush On Jobs: The Worst Track Record on Record”-WSJ 1/09/2009. 2nd worst is GHWB Sr’s 2.5 M jobs, four year total.
http://www.politifact.com/ohio/statements/2010/jul/25/sherrod-brown/sherrod-brown-touts-job-grown-during-clinton-presi/
https://www.flickr.com/photos/speakerpelosi/13630053153/in/photostream/ <-BLS March 2014. As of 3/2015, 12 M+ Private Obama Jobs created. Vs Q4-08 $12.7 T GDP shrinking -9% APR vs 2014 U.S. record $17.5 T GDP growing +3% APR = +$5 T GDP!
NIGHTWATCH ABCP ........ September 1st, 2015 at 12:58
Quite simple. You see, if RICH people have LESS money to spend then they will go into SEPTIC SHOCK and they would NOT be able to “take it with them.” YES, the rich believe that when they CROAK, they can take their WEALTH with them and BUY their way into NIRVANA/HEAVEN or WHATEVER ………..
bahlers September 2nd, 2015 at 07:07
Yeah, the dot com boom was a Bill and Hilary creation wasn’t it? Although Omnibus Budget Reconciliation Act Of 1993 did have some positives in it, like restricting federal expenditures and creating a few more tax brackets, although there was the Clinton Crunch as a result. Thankfully the dot com boom hit so as not to make the recession any worse then it already was. Thank the Lord for technology, right? Without it you’d be out of a job ;)
Obewon September 2nd, 2015 at 09:00
The $3 B internet privatisation adds $1 T domestically to U.S. 2014 record $17.5 T GDP (+3% APR), returning $300+ ROI annually per each government $1 spent to privatize the Internet. USA’s record global productivity are additional benefits.
It’s gotta hurt to be as dim as faux GOP news fool vs USA’s record 40 M+ Clinton Jobs created! ‘Waaaaa-‘Ballers!
bahlers September 2nd, 2015 at 11:36
I’m sorry, but what did I say to make me dim? And I hope you are aware that at the end of every presidency the GDP is at a record high.
Obewon September 2nd, 2015 at 21:00
Lol! GWB’s $12.7 T GDP shrinking -9% APR while losing 800,000+ JOBS monthly in Q4-2008 was a new airhead record unseen since (R) Hoover’s ‘free market failures’ Great Depression!
William September 1st, 2015 at 10:29
Oh yeah.
By all means.
Let’s give this guy the keys to America’s financial engine.
bahlers September 2nd, 2015 at 06:45
Sorry, but most of the Trumpers are claiming the conservative media (i.e. FNC) is unfairly bashing Trump. IMO, if you conduct yourself as Trump has, switching political parties as of recently, spouting whatever horse manure comes into your head, it opens you up to scrutiny. And it baffles me that these same Trumpers who are on his bandwagon without the slightest critique on his credentials or policies slam the media and Obama supporters for doing the same thing. It just makes me chuckle.
The Original Just Me September 1st, 2015 at 10:35
A lot of them don’t like a lot of things he is saying but he has this Magic Piccolo and he is playing it and them to the MAX.
Larry Schmitt September 1st, 2015 at 13:18
Well, he is smart enough to get people to work for him, even though he treats them like sh!t. So there is that.
WallyinFl September 1st, 2015 at 10:55
Look it’s pretty simple if you raise taxes on the rich the world as we know it will cease to exist. Just look at the damage our country suffered when we allowed gay people to get married. Let’s not forget how The Affordable Care Act is killing our country by allowing poor people access to Doctors, the horror. These ceo’s and hedge fund assholes can’t afford to pay their fair share raiding pension plans, outsourcing jobs, polluting the environment with no real penalties and firing people is hard work.
Larry Schmitt September 1st, 2015 at 12:03
None of the other sh!t he say concerns them in the least. But let him suggest raising taxes on the fat people who already have everything, and that they can’t handle.
Ol Blue September 1st, 2015 at 14:53
I wonder how Trump supporters are going to handle this, now that he finally said something that makes sense.
bahlers September 2nd, 2015 at 06:40
How exactly is stifling business growth a good idea? The only way we can ensure that the greatest number of people are out of poverty is to have rapid economic expansion.
Obewon September 2nd, 2015 at 09:09
Lol! Your stifled cerebellum is irreparable. While Clinton’s +3% taxes delivered U.S. record $10 T+ GDP, $550 B+ in realized consecutive surpluses & U.S. record 40 M+ private jobs created via Bill & co-pilot Hillary!
bahlers September 2nd, 2015 at 11:39
Really? Are you too high to realize that the taxes imposed by Clinton prevented additional jobs from being created? And the surpluses didn’t come around until the later part of his presidency.
Obewon September 2nd, 2015 at 20:43
Insert “U.S. Record 40 M+ private jobs created” into your lower pie hole.
Ol Blue September 2nd, 2015 at 14:16
Are you seriously pushing the old trickle down theory?
Obewon September 2nd, 2015 at 20:47
He’s clueless on Keynesian anything. http://www.investopedia.com/terms/k/keynesianeconomics.asp
And ‘bahlers is similarly mum on Nobel Economics Prize winner Dr. Krugman. http://krugman.blogs.nytimes.com/?_r=0 (Dr. Krugman is the author or editor of 27 books and more than 200 papers in professional journals and edited volumes. His professional reputation rests largely on work in international trade and finance; he is one of the founders of the “new trade theory,” a major rethinking of the theory of international trade. In recognition of that work, in 1991 the American Economic Association awarded him its John Bates Clark medal. Mr. Krugman’s current academic research is focused on economic and currency crises. http://www.nytimes.com/column/paul-krugman )