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Online mystery-ak

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Trump team working on ‘biggest tax changes since Reagan,’ says economic adviser
« on: November 15, 2016, 04:29:39 pm »
 By S.A. Miller - The Washington Times - Tuesday, November 15, 2016

An economic adviser of President-elect Donald Trump said Tuesday that the transition team was working on plans for a tax code overhaul that would be “the biggest tax changes since Reagan.”

Steven Mnuchin, a former Goldman Sachs banker who is considered a leading candidate for Treasury secretary in the Trump administration, told reporters at Trump Tower in New York that the team was hard at work on an economic plan.

“We’re working on the economic plan with the transition, making sure we get the biggest tax bill passed, the biggest tax changes since Reagan, so a lot of exciting things in the first 100 days of the Trump presidency,” Mr. Mnuchin said, according to a pool report.

President Ronald Reagan executed one of the largest reductions of tax rates in U.S. history that is credited, in part, with a rapid economic expansion in the 1980s.

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http://www.washingtontimes.com/news/2016/nov/15/adviser-trump-working-biggest-tax-changes-reagan/
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Offline GAJohnnie

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Re: Trump team working on ‘biggest tax changes since Reagan,’ says economic adviser
« Reply #1 on: November 15, 2016, 04:30:57 pm »
That is a good place to start.
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Offline bolobaby

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Re: Trump team working on ‘biggest tax changes since Reagan,’ says economic adviser
« Reply #2 on: November 15, 2016, 05:46:56 pm »
If they aren't scraping the entire code and replacing it with either the Fair Tax or a Flat Tax, it's not enough.
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Offline Bunny Watson

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Re: Trump team working on ‘biggest tax changes since Reagan,’ says economic adviser
« Reply #3 on: November 15, 2016, 05:56:22 pm »
Quote from: bolobaby on November 15, 2016, 05:46:56 pm
If they aren't scraping the entire code and replacing it with either the Fair Tax or a Flat Tax, it's not enough.


And if they don't cut the budget, and I mean really cut it, not just slow down the yearly increase, it won't be enough.
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Re: Trump team working on ‘biggest tax changes since Reagan,’ says economic adviser
« Reply #4 on: November 15, 2016, 06:08:42 pm »
This will not end well. 
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Offline Free Vulcan

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Re: Trump team working on ‘biggest tax changes since Reagan,’ says economic adviser
« Reply #5 on: November 15, 2016, 06:10:12 pm »
I'm willing to wait to see what they put out, but they got a tall order to fill.
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Re: Trump team working on ‘biggest tax changes since Reagan,’ says economic adviser
« Reply #6 on: November 15, 2016, 06:14:53 pm »
Quote from: bolobaby on November 15, 2016, 05:46:56 pm
If they aren't scraping the entire code and replacing it with either the Fair Tax or a Flat Tax, it's not enough.

Fixed it for you!
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Offline GAJohnnie

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Re: Trump team working on ‘biggest tax changes since Reagan,’ says economic adviser
« Reply #7 on: November 15, 2016, 06:19:18 pm »
And this is why the Ultra Conservatives fail at everything politically. They would rather rage because the politically possible is not politically  perfect then actually do anything.
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Offline Bunny Watson

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Re: Trump team working on ‘biggest tax changes since Reagan,’ says economic adviser
« Reply #8 on: November 15, 2016, 06:22:20 pm »
I'll take tax cuts that aren't a scrapping of the entire tax code. But I won't take them gladly if what we get is a redux of Bush II with tax cuts and budget increases. It's insanity.
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Re: Trump team working on ‘biggest tax changes since Reagan,’ says economic adviser
« Reply #9 on: November 15, 2016, 07:20:34 pm »
Quote from: GAJohnnie on November 15, 2016, 06:19:18 pm
And this is why the Ultra Conservatives fail at everything politically. They would rather rage because the politically possible is not politically  perfect then actually do anything.

You probably aren't aware, but our public debt is close to 20 trillion and rising. Deficits are also on the rise again. Tax cuts are great. But without cuts and reductions in the deficit and debt we will not have sustained, real economic growth
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Online LMAO

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Re: Trump team working on ‘biggest tax changes since Reagan,’ says economic adviser
« Reply #10 on: November 15, 2016, 07:42:28 pm »
Quote from: Bunny Watson on November 15, 2016, 05:56:22 pm

And if they don't cut the budget, and I mean really cut it, not just slow down the yearly increase, it won't be enough.

@Bunny Watson
If Trump proposes budget cuts, real budget cuts, I will support them and him even from the anticipated accusations from the left. I know it would be political tough to do as it's easier to promise everybody new programs and tax cuts but it would not only be the right thing to do, but necessary.

Sometimes being a leader means doing the right thing even if it isn't popular
« Last Edit: November 15, 2016, 07:43:24 pm by LMAO »
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Re: Trump team working on ‘biggest tax changes since Reagan,’ says economic adviser
« Reply #11 on: November 15, 2016, 07:50:22 pm »
Quote from: LMAO on November 15, 2016, 07:42:28 pm
@Bunny Watson
If Trump proposes budget cuts, real budget cuts, I will support them and him even from the anticipated accusations from the left. I know it would be political tough to do as it's easier to promise everybody new programs and tax cuts but it would not only be the right thing to do, but necessary.

Sometimes being a leader means doing the right thing even if it isn't popular

Just following through on finding and eliminating all the waste, fraud, and abuse will be more than sufficient!
 
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"I wish it need not have happened in my time," said Frodo.

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Re: Trump team working on ‘biggest tax changes since Reagan,’ says economic adviser
« Reply #12 on: November 15, 2016, 07:52:36 pm »
Quote from: Bigun on November 15, 2016, 07:50:22 pm
Just following through on finding and eliminating all the waste, fraud, and abuse will be more than sufficient!

Not in getting on a sustainable fiscal path. It'll take cuts. In fact, at some point, tax increases for everyone and deep, across the board cuts in spending will probably face us

I was hoping this election would be the start of real reductions in government but it appears to be a "they're our deficits now" feeling to this
« Last Edit: November 15, 2016, 07:55:32 pm by LMAO »
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Re: Trump team working on ‘biggest tax changes since Reagan,’ says economic adviser
« Reply #13 on: November 15, 2016, 07:57:48 pm »
Quote from: LMAO on November 15, 2016, 07:52:36 pm
Not in getting on a sustainable fiscal path. It'll take cuts. In fact, at some point, tax increases for everyone and deep, across the board cuts in spending will probably face us

I was hoping this election would be the start of real reductions in government but it appears to be a "they're our deficits now" feeling to this

I'm not so sure about that but I'm all for actual cuts in any case!  Not just the reductions in the rate of growth we have previously gotten that were called cuts.
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"I wish it need not have happened in my time," said Frodo.

"So do I," said Gandalf, "and so do all who live to see such times. But that is not for them to decide. All we have to decide is what to do with the time that is given us."
- J. R. R. Tolkien

Offline bolobaby

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Re: Trump team working on ‘biggest tax changes since Reagan,’ says economic adviser
« Reply #14 on: November 15, 2016, 08:16:34 pm »
Quote from: Bigun on November 15, 2016, 06:14:53 pm
Fixed it for you!

I am also partial to the Fair Tax, as I believe it is probably one of the only honest tax plans I've seen.

But, at this point, I'll take a Flat Tax over more pages of tax code.
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4. When all else fails, remember rule #1 and #2. Emoticons are like the poor man's tweet!

Online Bigun

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Re: Trump team working on ‘biggest tax changes since Reagan,’ says economic adviser
« Reply #15 on: November 15, 2016, 08:19:50 pm »
Quote from: bolobaby on November 15, 2016, 08:16:34 pm
I am also partial to the Fair Tax, as I believe it is probably one of the only honest tax plans I've seen.

But, at this point, I'll take a Flat Tax over more pages of tax code.

No income tax! Flat, round, or square!
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"I wish it need not have happened in my time," said Frodo.

"So do I," said Gandalf, "and so do all who live to see such times. But that is not for them to decide. All we have to decide is what to do with the time that is given us."
- J. R. R. Tolkien
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