by KeithE » Fri Nov 25, 2016 9:29 am
1. Gives huge tax breaks to the rich and corporations, loses $6.2 trillion over 10 years,
2. Slashes corporate tax rates by nearly 60 percent—from 35 percent to 15 percent — losing $2.6 trillion over 10 years.
3. Gives multinational corporations with profits stashed offshore a tax cut of more than $550 billion.
4. Increases taxes on nearly 9 million families while reducing the top tax rate on the wealthy from about 40 percent to 33 percent.
5. Cuts taxes on hedge funds and other “pass-through” businesses by $900 billion
6. Eliminates the estate tax to boost the inheritances of millionaires and billionaires
Details in link and sublinks.
This will make his infrastructure plans (yet to be detailed or implemented) less effective in revenue generation hence deficit reduction.
All of this should be apparent by the next election.
Informed by Data.
Driven by the SPIRIT and JESUS’s Example.
Promoting the Kingdom of GOD on Earth.