WASHINGTON, Sept. 29, 2015 – Finally, a Republican with a simple yet powerful plan to cut taxes and not act like a warmed-over, big-government Democrat. GOP presidential frontrunner Donald Trump has put forward a simplified tax plan designed to jump-start the economy by reducing the nation’s stifling tax burden on middle-class workers and corporate job-creators.
“No business of any size, from a Fortune 500 to a mom and pop shop to a freelancer living job to job, will pay more than 15 percent of their business income in taxes,” reads Trump’s position paper, “Tax Reform That Will Make America Great Again.”
Furthermore, the Trump tax plan calls for “a one-time deemed repatriation of corporate cash held overseas at a significantly discounted 10 percent tax rate [it is currently 35 percent, the highest in the world] followed by an end to the deferral of taxes on corporate income earned abroad.”
A married couple earning $100,000 and filing their taxes jointly would pay only 10 percent of their hard-earned income to their masters in Washington.
The New York Times sought immediate reaction from the tax-and-spend Center for Budget and Policy Priorities. “The Trump plan looks to be a huge tax cut for the richest people in the country,” said director Chuck Marr.
With that out of the way, they asked the opinion of an economist and not a tax parasite.
“It’s an across-the-board tax cut. Everybody’s going to benefit to some degree,” said Roberton Williams of the Tax Policy Center.
However, the Times fears Trump’s tax plan will not “pay for itself.” You see, the Times believes – as do all on the left – that all labor, and the income it produces, belongs to our federal masters and their whip-cracking plantation overseers (the IRS) in Washington.
That world view does not see government institutions as serving your interests. Instead, you serve theirs; amassing power through the redistribution of the nation’s resources (your income) is the new “fundamentally transformed” America.
Obama cultists would rather the government “invest” tax dollars in economic dead-ends like solar and hot air, I mean wind, or the federally subsidized manufacture of sexy, expensive electric cars for purchase by Hollywood’s rich and famous.
Meanwhile, Jeb Bush’s economic plan is for the 62.3 percent of able-bodied Americans who still have jobs “to be a lot more productive” by working “longer hours and, through their productivity, gain more income for their families.”
Jeb’s plan does nothing for America’s forgotten 37.7 percent.
What the left really hates about the Trump tax plan is it deincentivizes middle class welfare by allowing the American middle class to keep more of its income. It simultaneously spurs business growth and reinvestment in America, creating new jobs to expand a dying American middle class through functioning free markets. It also starves the corrupt, inefficient government “investor” of funds.
That’s because, as Ronald Reagan said, “You can’t be for big government, big taxes and big bureaucracy and still be for the little guy.”