« previous next »
Pages: [1]   Go Down

Author Topic: Trump team working on ‘biggest tax changes since Reagan,’ says economic adviser  (Read 1106 times)

0 Members and 1 Guest are viewing this topic.

Online mystery-ak

  • Owner
  • Administrator
  • ******
  • Posts: 395,710
  • Let's Go Brandon!
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.

more
http://www.washingtontimes.com/news/2016/nov/15/adviser-trump-working-biggest-tax-changes-reagan/
Logged
Proud Supporter of Tunnel to Towers
Support the USO
Democrat Party...the Party of Infanticide

“Therefore do not worry about tomorrow, for tomorrow will worry about itself. Each day has enough trouble of its own.”
-Matthew 6:34

Offline GAJohnnie

  • Hero Member
  • *****
  • Posts: 1,866
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.
Logged

Offline bolobaby

  • Hero Member
  • *****
  • Posts: 2,373
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.
Logged
How to lose credibility while posting:
1. Trump is never wrong.
2. Default to the most puerile emoticon you can find. This is especially useful when you can't win an argument on merits.
3. Be falsely ingratiating, completely but politely dismissive without talking to the points, and bring up Hillary whenever the conversation is really about conservatism.
4. When all else fails, remember rule #1 and #2. Emoticons are like the poor man's tweet!

Offline Bunny Watson

  • Hero Member
  • *****
  • Posts: 209
  • Gender: Female
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.
Logged

Oceander

  • Guest
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. 
Logged

Offline Free Vulcan

  • Technical
  • *****
  • Posts: 24,639
  • Gender: Male
  • Ah, the air is so much fresher here...
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.
Logged
The Republic is lost.

Online Bigun

  • Hero Member
  • *****
  • Posts: 54,288
  • Gender: Male
  • Resistance to Tyrants is Obedience to God
    • The FairTax Plan
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!
Logged
"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 GAJohnnie

  • Hero Member
  • *****
  • Posts: 1,866
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.
Logged

Offline Bunny Watson

  • Hero Member
  • *****
  • Posts: 209
  • Gender: Female
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.
Logged

Offline LMAO

  • Hero Member
  • *****
  • Posts: 17,743
  • Gender: Male
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
Logged
I have little interest in streamlining government or in making it more efficient, for I mean to reduce its size. I do not undertake to promote welfare, for I propose to extend freedom. My aim is not to pass laws, but to repeal them.

Barry Goldwater

http://www.usdebtclock.org

My Avatar is my adult autistic son Tommy

Offline LMAO

  • Hero Member
  • *****
  • Posts: 17,743
  • Gender: Male
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 »
Logged
I have little interest in streamlining government or in making it more efficient, for I mean to reduce its size. I do not undertake to promote welfare, for I propose to extend freedom. My aim is not to pass laws, but to repeal them.

Barry Goldwater

http://www.usdebtclock.org

My Avatar is my adult autistic son Tommy

Online Bigun

  • Hero Member
  • *****
  • Posts: 54,288
  • Gender: Male
  • Resistance to Tyrants is Obedience to God
    • The FairTax Plan
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!
 
Logged
"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 LMAO

  • Hero Member
  • *****
  • Posts: 17,743
  • Gender: Male
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 »
Logged
I have little interest in streamlining government or in making it more efficient, for I mean to reduce its size. I do not undertake to promote welfare, for I propose to extend freedom. My aim is not to pass laws, but to repeal them.

Barry Goldwater

http://www.usdebtclock.org

My Avatar is my adult autistic son Tommy

Online Bigun

  • Hero Member
  • *****
  • Posts: 54,288
  • Gender: Male
  • Resistance to Tyrants is Obedience to God
    • The FairTax Plan
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.
Logged
"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

  • Hero Member
  • *****
  • Posts: 2,373
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.
Logged
How to lose credibility while posting:
1. Trump is never wrong.
2. Default to the most puerile emoticon you can find. This is especially useful when you can't win an argument on merits.
3. Be falsely ingratiating, completely but politely dismissive without talking to the points, and bring up Hillary whenever the conversation is really about conservatism.
4. When all else fails, remember rule #1 and #2. Emoticons are like the poor man's tweet!

Online Bigun

  • Hero Member
  • *****
  • Posts: 54,288
  • Gender: Male
  • Resistance to Tyrants is Obedience to God
    • The FairTax Plan
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!
Logged
"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
Pages: [1]   Go Up
« previous next »