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Trump, the political hurricane, still rages
#32
How did Laffer and his "curve" power the financial stream from the 1980's until today?

Tax Rates are 40-50% higher today than in 1987. And have been 25-30% higher than then otherwise. I mean, today, millionaires pay about 50% when all things are considered. In 1987, they were paying only about 28% marginal rate at the federal level.

Tax rates have risen steadily (except for the slight dip during Bush years) since 1988.

I agree with Laffer on his assessment of taxation and fiscal policy. But to say that he's responsible for the growth thats occurred in the past 15-20 years, isn't factually sound.

As far as trumps tax plan -- its crazy. You can't drop taxes drastically on everyone and everything. And remove 50 million people from the taxpayer base. And expect a lower deficit. Laffer even agrees with that. We shouldn't be removing people from the base, but instead, ADDING people to it. The traditional conservative approach to tax reform is as follows:

1)Simplify.
2)Flatten.
3)Broaden.

Trump doesn't flatten it, and certainly doesn't broaden it (He narrows it drastically). And "simplify", doubtful. He hasn't issued enough information on it to determine that yet. Just a few numbers and ideas, is NOT a tax plan. Its a campaign promise. However, its dead on arrival. No congress will ever pass it. Especially not this congress.

We need a real leader, who has fought for conservative values year after year for longer than just the past 6 months.

Trump supported the largest tax in american history. A 5 trillion dollar tax increase, for just one year!

Trump supports universal healthcare, and has said that has not changed.

Trump was pro-abortion.

Trump supported Hillary Clinton with speeches, funds, and fundraisers.

Trump dodged military service with deferrments.

Trump has an F rating from Club for Growth -- the benchmark in pro-growth policies.

The list goes on and on and on. Do you want more?
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Trump, the political hurricane, still rages - by ronald reagan - 10-14-2015, 05:22 PM

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