by Countable | 8.30.17
One day after visiting Texas to see the effects of Hurricane Harvey and the ongoing response to the disaster, President Donald Trump gave a speech in Springfield, Missouri Wednesday outlining his vision for a tax reform package that Congress is expected to begin work on when it returns next week.
Trump called for a "pro-growth, pro-jobs, pro-worker, and pro-America" plan to “fundamentally reform our tax code for the first time in more than 30 years.” He outlined his four principles for tax reform:
Tax reform must dramatically simplify the tax code, eliminate special interest loopholes, and be simple enough for taxpayers to file their return on a single page.
The tax code must competitive and lead to the creation of jobs and higher wages for Americans.
There should be lower tax rates for middle class families so that they can keep more of their hard-earned paycheck and drive economic growth through saving and spending.
The tax code should encourage companies to bring back billions of dollars of profits back into the U.S. rather than punishing them through high tax rates.
Do you support or oppose President Trump’s vision for tax reform? Tell your reps what you think using the Take Action button and share your thoughts with the Countable community in the comments below.
— Eric Revell
(Photo Credit: Gage Skidmore via Flickr / Creative Commons)
Written by Countable
This sounds like a snake oil pitch. Or maybe the pitch a national healthcare program. Everything that Trump proposes will be great for everybody and if the American public continues to believe his declarations then they deserve to be fleeced. Personally, I believe the tax code will be changed to favor the rich. Trickle down economics is what the Republicans call their solution to all tax problems. This has been going on for over 30 years since Reagan. It didn't work then and it won't work now. For the last 30 years or more the wealth at the top of the social ladder has been increasing exponentially while the middle class is shrinking and more of us are joining the poor. Our government at the same time is making it more difficult not to more into the wealthier brackets but just to hold ground. Don't listen to Trump this is an issue that will be decided by Congress, a Republican Congress who is bought and owned by the rich and powerful corporations. (Remember the tax cuts they even included in their healthcare program? They weren't for middle America!) Hopefully the Republicans will screw this up too. In 2018 there may be balanced representation in Congress. Definitely in 2020. I do not want the current Congress to change anything!
This tax plan is firstly, made to benefit the wealthiest and not the low or middle class. The GOP and lame ass Democrats who don't stand up to your Atlas Shrugged- anti Christian virtues (because seriously, I'm certain Jesus would be ashamed of you) are helping to bring the US into the status of a third world nation. We need less tax breaks for the wealthiest. We need corporations to lose all tax shelters, protect Dodd Frank!! Protect the tax payers of the low and middle class. It's time that these multinational corporations pay their fair share. Apple alone is an exemplary and opportunistic expression of robbing not only workers in Asia of fair wages, but their customers of paying their fair share in global tax. I don't and will never understand how any of you think the decisions you've selfishly made will help our country. We are incarcerating people for profit. We are putting millions of people into tremendous debt as they attempt to better themselves through higher education. We are losing our ability to stand as a country as corporations bleed us for uneducated labor, tax havens, and destroying our planet. Wake up!!! Rand was an idiot!!! We can only make a better society through education and we need to increase taxes for the wealthiest to do that. This starts from the bottom up. Make a decision for the people instead of your donors.
Not much there, but sounds like another corporate giveaway. Trickle down economic is bad for middle and lower income families. Trump is just another billionaire looking out for billionaires, screwing over most of his voters along with the rest of us
Unfortunately at this point this president has zero credibility left with me. I can no longer believe or take any of his words seriously in regards to my best interests, as well as those in the middle/lower classes of America where the major majority of us live.
This sounds like campaign rhetoric which is all that seems to be provided. No details. Hard to believe tax cut bull when War talk is brewing, a natural catastrophe is looming, and Trump demands to build that ridiculous wall. Other infrastructure needs are looming. No tax cut talk now. We don't need inflation. We don't need billionaire tax cuts. We don't need tax cuts for corporate buy outs, mergers, and othe "deals." Trickle down economics is bull. We already have tax deductions for expanding businesses and creating jobs, could expand that perhaps or write down investment faster but no corporate hand outs without actual actions. We do not need to expand the national debt to fulfill campaign promises and pander to special interests. Have cut programs enough and have many new needs that private enterprise will not furnish.
I believe trickle down economics was tried before and didn't work
Senators & Representative, once again, same old from djt, light on details. The speech was written by nationalist Stephen Miller who should go the way of Bannon & Gorka. This is a tax cut for the rich, more trickle down economics which we know from Reagan and W does not work. He has not released his tax returns. Please continue resisting this con artist's agenda.
What vision? Sounds like his campaign pablum. Kumbaya GOP meatless sound bytes.
Yes I support tax reform. But hey I'm just a middle class nobody. Taxes need to be fair...... everyone pays the same tax rate and no deductions and no loopholes. Because 10% on 1 million dollars is more taxes paid than 10% on 100 thousand dollars and yet they still pay their fair share of 10%. Get it done already.
No more supply side economics,tired of paying for infrastructure that corporations utilize for profit at the expense of citizens...
Again, this is a tax break for the wealthiest.
While I support a simplified tax system, lowering the corporate rate has never and will not create jobs. A healthy economy depends on a healthy middle class which thrived more when corporate taxes were higher. No more trickle down. It doesn't work!
I believe that taxpayers making more than $250,000 a year should pay their fair share of taxes, and those making under $250,000 and a year should get tax relief.
Please do reform looking to the middle and low class advantage, specially in Hawaii where we are tax to death already
Blowing smoke is getting old
Do not support this tax reform
Raise the taxes on the top 1% and quit talking about Tax breaks period when we do not have a SinglePayer Healthcare for everyone and a crumbling infrastructure!
While neighbors are helping neighbors in Texas because Trump was too busy pardoning Arpaio to sign orders to send federal aid in time, now he's strutting in Missouri selling a tax plan that mostly benefits the rich. It should be abundantly clear that Trump is not on the common person's side.
Who gives a damn what this man he a rich damn president who only cares about himself and the american people
If you fall in the top 1% of the citizens of this Country it's great, for the other 99% of us it's horrific !