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Bluelagoon Hero Username: Bluelagoon Post Number: 12296 Registered: 12-2013 Posted From: 124.123.70.189 Rating: N/A |
But while Trump’s plan is cheaper than his old one, it still cuts taxes by a lot: $4.4 trillion, according to the campaign. Trump promised to pay for those cuts without raising the deficit and without cutting spending on defense or entitlement programs such as Social Security and Medicare. That means his plan would require big cuts to the perhaps 25 percent of federal spending that’s left over.1 Trump hasn’t provided much detail on those cuts; he said he could cut $800 billion from the budget through “simple, common-sense reforms.” He also said he could save another $1.8 trillion through “trade, energy and regulation reform” but has provided no evidence to support his claims. Even if you take those promises at face value, though (and you shouldn’t), that still leaves some $1.8 trillion in tax cuts that Trump has to find a way to pay for. Except that Trump doesn’t think he needs to do anything at all: He argues that the tax cuts will spur economic growth, which will boost tax revenue, which will in turn make that $1.8 trillion budget hole disappear | ||
Bluelagoon Hero Username: Bluelagoon Post Number: 12295 Registered: 12-2013 Posted From: 124.123.70.189 Rating: N/A |
College dorms have gotten fancier, and college administrations have gotten bigger. But Temple University economist Doug Webber argued that the real driver behind rising tuitions at public universities is falling state spending on higher education. so less tax college education gets more costlier that's the naked truth | ||
Bluelagoon Hero Username: Bluelagoon Post Number: 12294 Registered: 12-2013 Posted From: 124.123.70.189 Rating: N/A |
trump tax plans are benefiting his business while Clinton tax plan is making Clinton pay more taxes At issue is how Trump would tax so-called “pass-through” businesses. These are companies that, rather than paying corporate taxes, pass their earnings directly to their owners, who then pay individual income tax on it. Both Trump’s original plan and his new one would cut the corporate tax rate to 15 percent from 35 percent today. But his original plan would also tax pass-through earnings at 15 percent rather than the individual rate, which would amount to a huge tax cut for such businesses, including his own. |