Donald Trump wants to make America great again… or so he says. He has said that he supports building a wall and a cornerstone of his campaign has hinged on his pledge to deal with illegal immigration. However, his commitment to the issue has been called into question as he has reportedly offered a much toned-down platform in private and has even taken to describing his commitment to halting illegal immigration as “flexible.”
Now, the billionaire who has ranted against this administration’s willingness to punish the producers of society with burdensome taxation and over-regulation has appeared to “come to the middle” on this issue and has unequivocally declared that he supports raising the taxes on the wealthy.
You may know them as the “job producers.”
According to Trump’s own website, his tax plan centers on having more Americans paying no income tax:
If you are single and earn less than $25,000, or married and jointly earn less than $50,000, you will not owe any income tax. That removes nearly 75 million households – over 50% – from the income tax rolls. They get a new one page form to send the IRS saying, “I win,” those who would otherwise owe income taxes will save an average of nearly $1,000 each. All other Americans will get a simpler tax code with four brackets – 0%, 10%, 20% and 25% – instead of the current seven. This new tax code eliminates the marriage penalty and the Alternative Minimum Tax (AMT) while providing the lowest tax rate since before World War II.
Instead, Trump seeks to impose tax increases on the wealthy. According to the nonpartisan Tax Foundation, Trump’s proposal would lead to a $10 trillion deficit.
On Thursday, Trump bluntly parroted Obama’s “punish the rich” mantra that has so devastated American greatness.
During an interview on the “Today” Show, Trump candidly admitted in an exchange:
GUTHRIE: Do you believe in raising taxes on the wealthy?
TRUMP: I do. I do – including myself. I do.
Trump’s a businessman. He, of all people, should know that these additional tax burdens will not simply be absorbed by the successful businessman; it will make the services he offers more expensive and cuts will have to be made to offset the additional costs.
That means, in human terms, that people are going to get laid-off or, at the very least, Trump’s empire will not be able to expand as readily and those jobs that would have been created would not exist. Trump knows the key to economic success is trickle-down economics that keeps more money in the pockets of those willing to invest it in economic growth. Pandering to the Obama-loving crowd, however, is his chosen method of campaigning.
Trump may be entertaining and he may not be wrong on some important issues. However, it’s getting harder and harder to ignore the glaring red flags: He has wavered on illegal immigration, he has bent to political correctness and it appears obvious that his claim to be a great “manager” is bunk as his campaign is a disaster on an organizational level.
When we consider that he’s also a “punish the rich” advocate, it becomes important to ask: aside from a comb-over and a few funny asides, is he really shaping up to be so different than the RINOs we’re typically offered?