Donald Trump takes a page out of ‘Reaganomics’

[unknown]

Donald Trump takes a page out of ‘Reaganomics’

http://nypost.com/2016/08/09/donald-trump-takes-a-page-out-of-reaganomics/

By Daniel Halper and Bob Fredericks
August 9, 2016 | 12:23am

Donald Trump called Monday for a “tax revolution” modeled on the vision of Ronald Reagan that would slash income tax rates, cut corporate taxes and create millions of jobs for a new era of prosperity.

“These reforms will offer the biggest tax revolution since the Reagan tax reform, which unleashed years of continued economic growth and job creation,” the GOP presidential nominee told the Detroit Economic Club.

“I want to jump-start America. It can be done, and it won’t even be that hard,” he said.

{.. snip ..}

[unknown]

 

See link for specifics on his policy.

[geronl]

trillions in new debt
bigger government
more government programs
bigger stimulus than Obama
corporate welfare to the max
high tariffs
high taxes
trade wars

oh yea, this is all so Reaganesque...

 

[Hoodat]

Here is what Trump had to say about the Reagan tax cuts back in 1991:

So this tax act was just an absolute catastrophe for the country, for the real estate industry, and I really hope that something can be done — as Congressman Thomas recently said, that something can be done to change at least parts of it, because it has taken all incentive away from investing in real estate, and real estate really means so many jobs...by having cut the high income tax rates to 25 percent, as an example, people don’t have the incentive any more to invest. They’re saying, “Why should I take a chance on investing in low or moderate-income housing? I might as well just pay the tax.” But the fact is, that 25 percent for high-income people — for high-income people — it should be raised substantially with the understanding that if you invest, you can get it down and down substantially below that number...I was asked to come by the Chairman, and I make this plea that, if something isn’t done to put the incentive back — I mean, we’re no different right now than the Soviet Union. They have no incentive, and we have no incentive. And if something isn’t done to quickly put the incentive back, this country is going to be in very deep problems.

https://www.c-span.org/video/?c4544001/donald-trump-1991-house-hearing-us-economic-recovery-depression-vs-recession

Donald Trump is a pathological liar.

[geronl]

no different than the Soviet Union?

lol

[Frank Cannon]

Donald Trump takes a page out of ‘Reaganomics’

And eats it.

[Suppressed]

See link for specifics on his policy.

Okay, I did.

Seems like another issue of flip-flopping, lack of specifics...

2016: 0, 10, 20 and 25 percent.

2016: 12, 25 and 33 percent.

Still no word where the cutoffs are for the brackets.

[DB]

Here is what Trump had to say about the Reagan tax cuts back in 1991:

So this tax act was just an absolute catastrophe for the country, for the real estate industry, and I really hope that something can be done — as Congressman Thomas recently said, that something can be done to change at least parts of it, because it has taken all incentive away from investing in real estate, and real estate really means so many jobs...by having cut the high income tax rates to 25 percent, as an example, people don’t have the incentive any more to invest. They’re saying, “Why should I take a chance on investing in low or moderate-income housing? I might as well just pay the tax.” But the fact is, that 25 percent for high-income people — for high-income people — it should be raised substantially with the understanding that if you invest, you can get it down and down substantially below that number...I was asked to come by the Chairman, and I make this plea that, if something isn’t done to put the incentive back — I mean, we’re no different right now than the Soviet Union. They have no incentive, and we have no incentive. And if something isn’t done to quickly put the incentive back, this country is going to be in very deep problems.

https://www.c-span.org/video/?c4544001/donald-trump-1991-house-hearing-us-economic-recovery-depression-vs-recession

Donald Trump is a pathological liar.

I posted that video on TOS earlier this year and those who responded said Trump was right and were saying taxes needed to be raised on the wealthy to spur investment... It was one of the reasons I left. Trump has always been a crony capitalist using government to steer money his way. TOS dumped all things conservative to follow their "businessman" billionaire champion. Freerepublic has become a sick joke.

[DB]

Donald Trump takes a page out of ‘Reaganomics’

http://nypost.com/2016/08/09/donald-trump-takes-a-page-out-of-reaganomics/

By Daniel Halper and Bob Fredericks
August 9, 2016 | 12:23am

Donald Trump called Monday for a “tax revolution” modeled on the vision of Ronald Reagan that would slash income tax rates, cut corporate taxes and create millions of jobs for a new era of prosperity.

“These reforms will offer the biggest tax revolution since the Reagan tax reform, which unleashed years of continued economic growth and job creation,” the GOP presidential nominee told the Detroit Economic Club.

“I want to jump-start America. It can be done, and it won’t even be that hard,” he said.

{.. snip ..}

Are you Mechanicos?

[txradioguy]

Donald Trump takes a page out of ‘Reaganomics’

And eats it.

I was gonna say "and wipes his butt with it" but what you said works too. 

[Oceander]

Here is what Trump had to say about the Reagan tax cuts back in 1991:

So this tax act was just an absolute catastrophe for the country, for the real estate industry, and I really hope that something can be done — as Congressman Thomas recently said, that something can be done to change at least parts of it, because it has taken all incentive away from investing in real estate, and real estate really means so many jobs...by having cut the high income tax rates to 25 percent, as an example, people don’t have the incentive any more to invest. They’re saying, “Why should I take a chance on investing in low or moderate-income housing? I might as well just pay the tax.” But the fact is, that 25 percent for high-income people — for high-income people — it should be raised substantially with the understanding that if you invest, you can get it down and down substantially below that number...I was asked to come by the Chairman, and I make this plea that, if something isn’t done to put the incentive back — I mean, we’re no different right now than the Soviet Union. They have no incentive, and we have no incentive. And if something isn’t done to quickly put the incentive back, this country is going to be in very deep problems.

https://www.c-span.org/video/?c4544001/donald-trump-1991-house-hearing-us-economic-recovery-depression-vs-recession

Donald Trump is a pathological liar.

He's also more interested in doling out favors to his own industry.

If he took a page out of Reaganomics, then it wouldn't even be plagiarism in Trump's case; it would be a case of simple theft and/or vandalism.

[LMAO]

Any tax cuts wont make any difference as long as the federal government continues it's growth.  Both Clinton and Trump promise more spending, more deficits, and more debt.

[DCPatriot]

He's also more interested in doling out favors to his own industry.

If he took a page out of Reaganomics, then it wouldn't even be plagiarism in Trump's case; it would be a case of simple theft and/or vandalism.

It's a long-established FACT that the real estate industry is the heart of the American economy.

Whether homes sell or not....one way or another, everybody is affected.

Lumber....concrete....paint...steel...appliances....windows...roof shingles...brick.....autos...

[txradioguy]

It's a long-established FACT that the real estate industry is the heart of the American economy.

Whether homes sell or not....one way or another, everybody is affected.

Lumber....concrete....paint...steel...appliances....windows...roof shingles...brick.....autos...

What actual numbers or statistics do you have to back up your claim?

[DB]

What actual numbers or statistics do you have to back up your claim?

The number one industry is real estate in the US. Number three is government... But that has zip to do with Trump trying to steer tax shelter money to his industry. Trump wanted income taxes on the "wealthy" to be 50%+ with the only way to avoid it by using real estate tax shelters as forced investment. Trump's a crony capitalist all the way. That's why he railed against Reagan's tax reductions back in the 80's. He was no longer in heavily government favored industry even though interest on mortgages remains a protected class...

[Hoodat]

It's a long-established FACT that the real estate industry is the heart of the American economy.

This definitely ranks near the top as one of the more absurd comments I have read here.  The heart of the American economy is and always has been the invisible hand.  And since the 1930s, the primary obstacle to that heartbeat has been government.

[Hoodat]

Trump wanted income taxes on the "wealthy" to be 50%+ with the only way to avoid it by using real estate tax shelters as forced investment. Trump's a crony capitalist all the way. That's why he railed against Reagan's tax reductions back in the 80's.

Spot on.