Trump discusses his new tax proposals

CNBC’s Emily Wilkins joins 'Power Lunch' to discuss Trump and his new tax policies.

[@Kentuckyhunter58]

Oh no the government won’t get as much money😂😂😂😂

[@Slay_No_More]

It's hilarious how all the government owned news agencies are attacking the idea like crazy, but the ones that aren't are reporting on it honestly is funny.

[@tracyyarbrough3358]

They waste our tax money on things no one wants anyway

[@thelogicalthinker5337]

If you go to DC, they actually have marble curbs for their streets, not cement like the rest of us but expensive marble. What a waste of taxpayer $$.

[@ineffableconsulting2295]

Lower Taxes … trim the fat in government shrink the government

[@brentkroboth7296]

We are tax slaves. Over half our income is taxed if you do the math.

[@mr.d9922]

Yep, then whenever you spend it it's taxed also. Taxes are a sham and aren't needed at all. People need to wake up

[@Air-wr4vv]

Taxes are good, they should help people. The problem is your government is bad

[@mr.d9922]

@@Air-wr4vv no, helping people is good, taxes are bullshtyte

[@Air-wr4vv]

@@mr.d9922 how are you supposed to make universal healthcare or universal education or universal help to homeless people without taxes? Convince everybody to fund nonprofit organizations?

[@mr.d9922]

@@Air-wr4vv the real question is, is how can you ever trust the government to do the right thing? When has that ever worked? If the government really cared for you, you could afford healthcare and education....why do you think it costs so much?...they print money like it doesn't even exists and you're still okay with paying taxes and get nothing in return?...current society is paying more taxes ever in human history, how's that going for ya with your universal healthcare and education?

[@free2bedifferent]

Government needs to stop spending on nonsense, wasteful projects.

[@Manoswen]

The government is insanely wasteful and could survive on half its current payroll. No taxes =no IRS and at least 87,000 less employees. Budgeting and increasing tariff revenue certainly be possible and SHOULD be done

[@toddtheisen8386]

No taxes, no society. This country would tear itself apart without police force maintained through taxes.

[@SigmaShorts911]

@@toddtheisen8386 Police forces are paid from State taxes champ. He talks about eliminating Federal income tax.

[@Manoswen]

@@toddtheisen8386 they would be privatized. Just how many prisons and jails are. Some fire departments are. Many schools are private. If you’re a person who doesn’t trust the government, why give them control of everything. All they do with funds is allocate them to the lowest bidder or whoever’s uncle can do the job… Let localities decide what they do with their taxes and give more power to them. Federal govt has no idea the nuances and intricacies of Milton Georgia. So let their residents call the shots.

[@westcoastmex629]

Good so maybe those irs employees can go learn coding now. 😅

[@DMKFACTOR]

I’m an advocate for a low 5% FLAT tax. No write offs, just pay 5% of what you make. Simple and EASY. That way the IRS can focus on monitoring business and 1099 people!

[@guillaumelabonte2702]

The big difference is, without income tax, if you dont buy random stuff in hard economic conditions, you have way more money and companies will have to lower their damn PRICES! Its a better way to balance economy proved by some other countries.

[@SigmaShorts911]

Oh em gee, the GOV won't have money to spend aimlessly? womp fkin womp.

[@mr.d9922]

Let's go Trump! Time to get a break from all this TAX for!....for once!

[@jonnelson9760]

As long as you don’t need to buy anything or eat.

[@mr.d9922]

@@jonnelson9760 how so?

[@jonnelson9760]

@@mr.d9922 Tariffs are a tax on consumers. Even US made goods will go up in price once you remove the competition. How much of our food is imported? How many things are made in China or other countries? Can the US economy supply everything that we require nowadays given the demographics? You do realize that this approach was tried before when the US was not a world power. This will be the beginning of a huge depression. Our prosperity since the eighties was built on free trade.

[@mr.d9922]

@@jonnelson9760 well, I guess we'll see, I'm cool with paying more for food or living more frugally if it means that the government won't be taking more of my money, we all know it's being spent recklessly as it is. If income tax is lowered or eliminated, I'm down for it. Less government, I'm down for that also. You can't tell me the greatest country in the world will crumble if the government doesn't tax us, that's just wrong.

[@mr.d9922]

@@jonnelson9760 youve drank the juice my friend.

[@coachgayle7932]

Maybe Trump is completely aware that it won't make up the revenues that the government currently brings in, hence the government would have to operate with much less money.

[@Benji-lj9pj]

You doofuses in the comments wanting higher taxes 😂😂😂😂

[@willberry6434]

Trump blew the deficit up last time bozo. You republicans claim to care about fiscal responsibility until you are in power and then anything goes. The modern Republican Party doesn’t stand for anything or have any values. It’s the “do whatever god emperor trump feels like today party”. Embarrassing

[@anuragchakraborty8766]

what about trump's donors?

[@kidbogle]

I’ve yet to meet an intelligent person who uses the term “doofuses”, especially when they act like taxation is simple and not multi factorial. 🤦🏻‍♂️

[@Benji-lj9pj]

@@kidbogle Ah yes we found another liberal 🐑

[@myfalconry76]

To be honest taxes and wages both need to be increased to sustain a healthy economy. This low wage low tax just drains funding

[@samthedoor]

How about no tariffs and no taxes? Trump FTW, can't wait.

[@blakehampton354]

I think we should tax all our imports at 100% while giving Trump complete control of the FED.

[@vet137]

OK Putin

[@drakestallworth3621]

This is how dictators come to be=stupid people

[@MichaelRyan-l3p]

lol 😂 meanwhile Switzerland has zero capital gains tax lol.

[@markeasley6149]

The tax stuff is fun and all, but if we want to end the wars, America must vote Trump 2024

[@jonnelson9760]

Remember the war in Afghanistan during the Trump administration? Of course Russia and China will take over with no USA.

[@notgonnahappen-u5m]

what's wars

[@brentkroboth7296]

Don’t people realize that Dubai has no income tax and no crime. It’s the best place in the world to live again with no income tax

[@jonnelson9760]

How large is its military?

[@AnonymousRapGuy]

Unless you are a woman, enjoy first and second amendment rights or have a dissenting opinion, but yes other than those things I agree best place in the world..

[@Therebelliousone420]

Oooooooookkkkkkkkkkkkk…

[@daniellebrooks7510]

Thank you I'm going

[@PhyynP]

notice that to live in dubai you must also be wealthy...Dubai is considered to be among the top 13% more expensive cities in the world. Dubai also ranks as the most expensive city in the United Arab Emirates. if you cant afford to live in new york or LA then dubai is off the table...

[@timcostanzo370]

If he can stop taxing tips, he can do the same for social security

[@thelogicalthinker5337]

It always has to start somewhere. First tips, then as more people accept tax cuts, it gets applied to more things.

[@aplusmerchant2281]

No more $ to Ukraine

[@daniellebrooks7510]

Or israel

[@scriptles]

I think the idea is a little like this. Reduce government spending. Why are we paying a 6 figure salary for senior citizens to fight each other at the tax payer expenses? Then do the tariffs. If you spend less, you need to make less to fund it. If you reduce the taxes that businesses pay, they can still afford to compete because now they get to keep more of their money which means paying more employees which is jobs creation or even better new jobs can pop up and compete with the high prices since we know companies dont lower prices they just leave them raised usually because trickle down does not work but its not trickle down to cut taxes on the rich, it's build up.. If I have $100 and it costs me $200 to pay an employee for 1 week then there is no chance I can provide anything in the forms of price relief by offering a cheaper product if I cant even afford to make the product myself... So reduce spending, cut taxes for businesses, remove taxes for the individual who gets to keep 3/4 of theire income. I literally have to give 25% of all my money to the government just when I earn it. I gotta give awak another 7% when I go to spend it. Thats 1/3 of my whole pay is gone before I even get to benefit from it. The government gets to benefit off my money 1/3 as much as I do.. the hell.

[@stephenjacks8196]

Sweden's government is run on import tariffs, no taxes. A 100% tariff; if you buy something you buy one for the government, too. On the other hand, an "export tariff" would make China (our coal and oil) etc. pay more and force US producers to lower prices in the US to keep exports competitive. Win-win.

[@DoreneBlundell]

Trump said on his proposal that increasing tariffs would LOWER or eliminate personal income tax. Your news segment focused only on the ELIMINATE income taxes and how that would never work. I think LOWERING them is something that all people would think is possible and a good thing!!

[@thelogicalthinker5337]

Democrats feel lowering taxes is a bad thing. They want and ALWAYS vote for MORE taxes. They don't want a home or retirment. They just want the govt to have their money. Thats one way to offend a democrat, talk of cutting taxes.

[@myfalconry76]

low income employees earn around 1100 a month there’s no way they can earn a extra 1500.00 when income does not require that amount of tax to be levied against their income. Therefore the 27 million people that live below poverty level have less than 200 dollars taken per month’s for taxes, however with tax credit like eic and actc they receive a refund of approximately 4k that is used too catch up bills and buy clothes and shoes for their children. Then consider that no tax’s directly impacts government funding for things like infrastructure, law enforcement public assistance Medicaid Medicare highways roads and military and social security. Not having an income tax would effectively cripple the economy and national security. That’s logical thinking Mr logical thinker.

[@RingerDaClown]

How about lowering spending, less to military, bring manufacturing back to US and stop importing most goods.

[@scothaynes608]

At least reducing taxes AND cutting back on lots of BS & wasteful Big Government spending will provide the genius talking financial talking heads another chance to prove that they have been right…really.

[@CanadianRose]

A tariff based system would SKYROCKET the price of EVERYTHING!!!!

[@koneslayer387]

"A small price to pay for salvation" -Thanos

[@CanadianRose]

@@koneslayer387 Thanos also had the power to snap his fingers and make half the population on the planet disappear with the Infinity Gauntlet.

[@johngalt2.031]

Economics made simple: A quote often attributed to Dr. Adrian Rogers, a prominent American pastor and conservative Christian figure, who first delivered these ideas in a sermon in 1984. 1. You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity 2. What one person receives without working for, another person must work for without receiving 3. The government cannot give to anybody anything that the government does not first take from somebody else 4. You cannot multiply wealth by dividing it! 5. When half of the people get the idea that they do not have to work because the working half is going to take care of them, and when the working half gets the idea that it does no good to work because somebody else is going to get what they work for, that is the beginning of the end for any nation.

[@pedalesmexicali]

Very interesting ideas. I personally dont believe in free lunch. It’s just my idea. The economists Thomas Sowell and Milton Friedman have similar ideas.

[@toddtheisen8386]

Taxes are inconvenient but necessary. Private industry simply cannot be trusted to perform certain public works and services. Money is a means toward an end, not a goal. Too many corporate entities forget that.

[@myfalconry76]

low income employees earn around 1100 a month there’s no way they can earn a extra 1500.00 when income does not require that amount of tax to be levied against their income. Therefore the 27 million people that live below poverty level have less than 200 dollars taken per month’s for taxes, however with tax credit like eic and actc they receive a refund of approximately 4k that is used too catch up bills and buy clothes and shoes for their children. Then consider that no tax’s directly impacts government funding for things like infrastructure, law enforcement public assistance Medicaid Medicare highways roads and military and social security. Not having an income tax would effectively cripple the economy and national security. That’s logical thinking Mr logical thinker.

[@phgamer4393]

we had roads before income tax . before the federal reserve.

[@myfalconry76]

@@phgamer4393 I would suggest you do yourself some learning on history before you just go popping off with some random thought. Really, up until 1868 roads were made of dirt and worn down by steady wagon and horse traffic and not maintained 1862 - President Lincoln signed into law a revenue-raising measure to help pay for Civil War expenses. The measure created a Commissioner of Internal Revenue and the nation's first income tax. It levied a 3 percent tax on incomes between $600 and $10,000 and a 5 percent tax on incomes of more than $10,000. That led to funding for infrastructure and the first maintained cobblestone roads started popping up in 1868.

[@myfalconry76]

@@phgamer4393 if it was up to Donald chump he would have you believe he single handled built and maintained the Eisenhower interstate system. With money from his piggy bank.

[@lawrencesullivan3307]

Revenue from tariffs would never come close to the levels produced by the income tax and tariffs are inherently inflationary.

[@aliasoma]

Looks like that economics degree from Wharton didn't sink for him, lol.

[@galaxy-star-me]

@@aliasoma Inflation mostly comes from government spending. This is econ 101 !

[@Wongseifu548]

@@galaxy-star-me and huge tax cuts contribute to debt.....

[@eliw6607]

​@@Wongseifu548 out of control spending is the #1 reason for debt

[@Thenatureboy801]

@@Wongseifu548 huge tax cuts create the ability to eliminate debt if money is managed properly, it does not create debt. If our government had any balls they could eliminate a large amount of corporate taxes, then hold corporations accountable for paying better wages with all the extra money they’d have. But they won’t cut tax breaks for their lobbyists and big contributors.

[@brianbrooks1025]

This of course will need to shrink the federal government back to where it was prior to 1913. Which will be a boom to taxpayers everywhere.

[@duckdog38]

Hey, maybe we could cut spending. Maybe shrink the government? Quit spending money on foreign wars? Just a thought.

[@trampingwithcosmo6848]

Funny how a company that makes billions pays 21% and I as a single man pay 41%.

[@SurferRC]

And the gov spends trillions it doesnt need to…

[@carolsun5785]

Ending property and income taxes is a very wise policy for this country. We are burdened too much by all kinds of taxes in this country. Small government is the way to go.

[@carlnelson8418]

Save America! Trump 2024!

[@RDPendleton]

🤮

[@DMKFACTOR]

One lower tax rate with no write offs and a small national sales tax both around 5% would work along with increasing tariff taxes. By increasing tariffs, companies will be forced to reopen manufacturing HERE creating tons of good paying jobs! Put all those “asylum seekers” to work!

[@koneslayer387]

They still wouldnt do it here. It would cripple the investments into china...

[@DMKFACTOR]

@@koneslayer387 Not to bright are you? What’s your IQ? Equivalent to your age?

[@jovanrodriguez7796]

He really is crazy

[@cdaway2024]

GET RID OF THE FEDERAL RESERVE.

[@hillbillykeef9387]

You seem to have a finance degree. 😂

[@cdaway2024]

@@hillbillykeef9387 NAH, IT'S JUST COMMONSENSE. LET ME GUESS, YOU SEEM TO HAVE LEARNED MATH VIA COMMON CORE CURRICULUM HUH?🤣

[@kolohe4169]

When dummy was asked why a 20% corporate tax rate, he said with a well thought out reply of because it’s a nice round number. Typical of this genius.

[@blessedspear2642]

makes more sense than 21%, which is arbitrary. round numbers are good for people to mentally track as they conduct business. wtf is 21%?

[@13Bravo77]

What's your idea ? Vote for Brandon who created all of our problems

[@jimmy-rp8mh]

your guy Brandon can't even say a well thought out sentence.

[@kidbogle]

@@blessedspear26425% more than 20% for those that don’t understand math!

[@myfalconry76]

low income employees earn around 1100 a month there’s no way they can earn a extra 1500.00 when income does not require that amount of tax to be levied against their income. Therefore the 27 million people that live below poverty level have less than 200 dollars taken per month’s for taxes, however with tax credit like eic and actc they receive a refund of approximately 4k that is used too catch up bills and buy clothes and shoes for their children. Then consider that no tax’s directly impacts government funding for things like infrastructure, law enforcement public assistance Medicaid Medicare highways roads and military and social security. Not having an income tax would effectively cripple the economy and national security. That’s logical thinking Mr logical thinker.

[@daniellebrooks7510]

Love the no income tax idea

[@creative_mindsrus1541]

Why is she looking up?😂

[@adayinthelife7414]

9-9-9. No deductions, no loopholes. Just 9% across the board.

[@limitlesswinning984]

80 billion ftom tarifs at a lower tarif rate 😂. If he INCREASES tarifs it off sets the Taxes We Pay eventually... and he did it before but guess what-EVERYTHING was Cheaper! 😂

[@shawngibson1104]

Stop government wasteful spending. And get rid of the federal income tax problem fixed

[@Do-not-be-sheep]

Tariffs are a strategic tool used to correct unfair and illegal trade practices or to weaken enemies to lower the risk of war. When dealing with a country like China that does not believe in the rule of law, which violates all human rights, environmental, and trade laws. A country which has declared its enmity for the USA and all its neighbours, and is using its massive trade surplus with the USA to build up their military. Trade tariffs are the right response and in fact they do not go far enough. The US Government should be imposing massive sanctions, quotas and tariffs which escalate every year until China’s trade gap is less than 10% of the total imports from the USA. I am 100% positive that the American people would much rather pay an extra $0.50 for a plastic pail than go to war with China in 5 years, which will cost millions of lives and trillions of dollars. Economic cold war is the right response to China. If I was President, I would rapidly increase trade barriers against China until we had balanced trade. You cannot have fair trade with a communist country that is ruled by a tyrant whose declared vision is to conquer the world. The USA finally had the courage to take this positive step toward preventing a future war with China.

[@tads73]

Taxes are complicated. No tax on tips, what could go wrong. Will there be payroll taxes on tips? If not, workers lose social security earnings in retirement, the social security and Medicare fund loses revenue. Lets say they will still pay payroll taxes, but a lot of low income tup earners dont have a zero tax liability with head of household filing statis and children. This idea will benefit fewer taxpayers than people think.

[@Nativesson]

And he feeds the bull to his followers yet don’t realize his raising tariffs means the cost of everything will go higher poor cult members

[@williampennjr.4448]

How would eliminating the income tax shift the tax burden to lower and middle incomers?. That makes no sense.

[@heratyian]

They laugh, but this seems very positive for the middle and working class.

[@AmeriGlobal]

tariffs are a regressive tax. the wealthy will gladly push for tariffs while lobbying for more capital gains tax cuts.

[@creative_mindsrus1541]

Sounds like youre clearly reading whats infront of you.😂

[@rodneymorgan313]

But if we don’t collect enough taxes how will we pay Israel?

[@Jrmint568]

Just make the federal income tax the same as long term capital gains tax

[@myfalconry76]

Then on top of everything if you put tariffs on goods coming from overseas or foreign countries the only thing that’s gonna do is cause those countries to raise their prices. You know what that means products in the United States that we buy from other countries that have to pay higher is going to further increase inflation.

[@HeavenGuy]

Jesus (God with us) said this is how taxes should work in the Bible. Matthew 17:25 ...Jesus prevented him, saying, What thinkest thou, Simon? of whom do the kings of the earth take custom or tribute? of their own children, or of strangers? 17:26 Peter saith unto him, Of strangers. Jesus saith unto him, Then are the children free.

[@andreygv]

Negative side of raising tariffs is most of the sellers are Chinese and they can make up their purchase price as they wish while US importers gets squeezed out

[@billisnice]

A tariff is a hidden tax on goods? Goods will go up in prices.

[@koneslayer387]

NO TAXATION WITHOUT REPRESENTATION!!!

[@vsFY2023]

Tyler is so partisan it shows through

[@michaelanderson3096]

🍌 Republic labour policies.

[@LibertarianPatriot]

SLASH IT! SLASH IT! SLASH IT!

[@JoeDurbs]

Government helping their friends .

[@LaSombraa]

If Trump wins and starts cutting taxes I’m buying so much calls on SPY, lol

[@AlexanderNewman-v1x]

US imports $4 trillion a year Income tax collected $2.5 trillion. 100% tariffs would do it. Making everything in the US would create a prosperous middle class.

[@galaxy-star-me]

also cut government spending especially the foreign military aid !

[@viralmix8207]

bro be reasonable! what Trump is sugesting is a blanket 10% tariff on all imports, and maybe 50% or 60% on imports from China..(who would ever sell into the US with a 100% tarriff imposed on them ?!) so that's gonna be somewhere around $400M in revenue...way lower than income tax collected! so i guess a more practical solution would be to coordinate with states to reduce income tax but not eliminate it comletely.

[@marshalllapenta7656]

I was thinking similar Didn't have the numbers REALLY US IMPORTS $4 TRILLION A YEAR?????

[@JCB576]

It would not. Let's be honest if we would produce our consumergoods in house rather than in cheap labourmarkets where we can avoid paying fair wages our goods would not be be nearly as cheap as they are now. What makes America rich was the creation of high tech products nobody else can develope or produce. It's much better to only create these key technologies in house and focus our labour pool on that rather than everything

[@heyaisdabomb]

No, it would make everything unaffordable. If we made every part of everything here, everything will be 2 to 3 times as expensive. $2000 for the cheapest refrigerator, $20,000 for an outdoor AC unit, $100 for the cheapest table top fan. The majority of Americans we go to a horrible quality of life.

[@Echo-eo9bg]

I like the idea, but it seems this would help cooperate and help the rich more than an average american

[@run4cover5583]

Not a guy working 90 hrs a week and getting taxes absolutely to death i know guys paying over 30,000$ in taxes in a year and they arent business men just miners and delivery drivers regular joes

[@mrkqltr]

Cut the government

[@Dachozen01]

All this to say nothing..

[@amercanmade2685]

Then we raise Tariffs. On all imports.

[@wayneenterprise463]

Price increase :)

[@JCB576]

Which at the end will lead to a priceincrease of consumer goods

[@celestial_sphere3]

Man you really want to get shafted, don’t ya? Lol

[@thelogicalthinker5337]

Thats what Trumps wants to do. Go back to the way America started and what made America great. No income tax and all tariffs. That way those who spend the most (rich) pay the most taxes and vice versa.

[@williamscott9459]

No way

[@rtorcato]

Voting for a felon and tax cheat to create a fair tax plan sounds like idiocracy to me, but this is why Trump says "I love the uneducated".

[@outlawblack123]

Yeah his tax changes are going to hurt 80 percent of everyone but To be honest insulting Trump supporters that way is not going to get anyone vote Democrat.

[@rtorcato]

@@outlawblack123 getting trump supporters to vote democrat is like fixing stupid. It can't be done.

[@outlawblack123]

@@rtorcato there are lots of swing votes.

[@heyaisdabomb]

@@rtorcato I hate to say it, but idiocracy is playing out across the globe, it's not even limited to the US anymore. 72% of GDP is created in blue states, the bottom 14 GDP producers are republican states. Every fiscal policy from republicans helps the rich, yet the poor republicans keep voting for them. Knowledge is power, education is power, and without it, you vote against your own best interests.

[@DK-qf6pr]

Russia is paying billions politicians, influencers and social media trolls to have Trump reelected. He is friend of Putin and will allow him take a chunk of Ukraine

[@13Bravo77]

America you want a prospering country, vote red

[@Wongseifu548]

lol no

[@JCB576]

The economy has historicaly done better under democratic presidents😂

[@michaelmyers5782]

no boomer

[@AmeriGlobal]

Republicans are wonderful for those that live off capital gains and real estate.

[@13Bravo77]

@JCB576 maybe, how are people doing today?That theory is out the window past 3 yrs ,go woke and broke

[@brittneyk0158]

“So I said, let me ask you a question, and he said, nobody ever asked this question and it must be because of MIT, my relationship to MIT. Very smart. “He goes, I say, what would happen if the boat sank from its weight? And you’re in the boat and you have this tremendously powerful battery and the battery is now underwater and there’s a shark that’s approximately 10 yards over there, by the way, a lot of shark attacks lately, do you notice that a lot of shark? “I watched some guys justifying it today. Well, they weren’t really that angry. They bit off the young lady’s leg because of the fact that they were, they were not hungry, but they misunderstood what who she was? These people are. “He said there’s no problem with sharks. They just didn’t really understand a young woman swimming now. It really got decimated and other people do a lot of shark attacks. “So I said, so there’s a shark 10 yards away from the boat, 10 yards or here, do I get electrocuted if the boat is sinking? Water goes over the battery, the boat is sinking. Do I stay on top of the boat and get electrocuted or do I jump over by the shark and not get electrocuted? “Because I will tell you he didn’t know the answer. He said, you know, nobody’s ever asked me that question. I said, I think it’s a good question. I think there’s a lot of electric current coming through that water. But you know what I’d do if there was a shark or you get electrocuted, I’ll take electrocution every single time.” 🥴 DONALD J. TRUMP CONVICTED FELON REPUBLICAN NOMINEE FOR…pRESIDENT

[@todorkolev7565]

for every 1 dumb statement that Trump makes, there are 10 braindead statements that Biden makes, eg "Russia invaded Russia", "I spoke to Zelensky the president of Iraq"... Also, dumb is STILL better than braindead :D

[@hansel2001]

Seems like the transition from Scranton to the Big Apple was a smooth one.

[@damham5689]

Removing taxes from Tips would just have more employers make employees work to $2.15 plus tips. And employers would still steal half the tips.

[@DK-qf6pr]

Trump works for the rich and billionaires. poor people pay his campaign. Crazy times

[@thelogicalthinker5337]

hmm.. giess you don't read the news or watch his ads. After getting convicted, the news reported Trump raised money from billionaires, not the poor. And if you look at his ad, the first President in history were the ad stats "if you can't afford to donate, take care of your family first".

[@stevenjamison5896]

Trump's math doesn't math. As usual.

[@mr.d9922]

Why not? Dubai have no income tax and is prosperous....perhaps he should make that if he gets in and eliminates income tax, he can ensure that you continue to pay yours haha

[@Joey-ct8bm]

@@mr.d9922 Net oil producer, just like Saudi Arabia, Russia and Qatar. The US imports half it's oil and will never a net oil producer. The US is already the biggests oil producer by far by the way. Double the amount of Russia, he second biggest one. The best thing for the US is to reduce the amount of oil they use.

[@mr.d9922]

@@Joey-ct8bm 😂

[@vet137]

The man declared himself BANKRUPT 6 TIMES wake up!

[@thelogicalthinker5337]

Awesome. We need a President that will declare America Bankrupt and get rid of the $34 trillion debt. That would save us $220 billion that we currently pay each year just for interest. Trump has the experience, Trump is the only candidate qualified for the job. Imagine all the good we could do with so much extra cash.

[@myfalconry76]

Here’s another good point to make about this inflation. Donald Trump is directly responsible for the inflation. In March 2018, he imposed tariffs on steel (25%) and aluminum (10%) from most countries, which, according to Morgan Stanley, covered an estimated 4.1 percent of U.S. imports. In June 2018, this was extended to the European Union, Canada, and Mexico. Along with tariffs on commodities and goods from china and India further exasperated the inflation. Wich gradually increased to its present point. If it wasn’t for the policies that Biden has put into place things would be so overpriced right now our economy would collapse. But you, Trumpers don’t see that. And I find it amazing that is presidential support perfectly aligned with his reality TV show ratings, and the number of people that watched it. His supporters are a bunch of people that are sitting at home drawing disability and SSI that are on a depressed and psychotic medication. Which most of them couldn’t tell their own rear from the ground

[@myfalconry76]

low income employees earn around 1100 a month there’s no way they can earn a extra 1500.00 when income does not require that amount of tax to be levied against their income. Therefore the 27 million people that live below poverty level have less than 200 dollars taken per month’s for taxes, however with tax credit like eic and actc they receive a refund of approximately 4k that is used too catch up bills and buy clothes and shoes for their children. Then consider that no tax’s directly impacts government funding for things like infrastructure, law enforcement public assistance Medicaid Medicare highways roads and military and social security. Not having an income tax would effectively cripple the economy and national security. That’s logical thinking Mr logical thinker.

[@Felix-op1rw]

Tariffs are getting paid by the importer, us consumers. The plan would lead to: 1. This would lead to high inflation way higher than the inflation in the last years 2. Debt will explode 3. Other countries will react and put tariffs on us products which will hurt us exporters. 4. Tariffs are very regressive meaning lower and middle income families will pay more relative to their disposable income. 5. If due to tariffs everything in produced in the us products will be more expensove due to mote market power of companies and higher labor costs. Way more would be produced in the us but who should produce it? There is only 4% unemployment right now. There arent enough workers and republicans want to deport (illegal) working immigrants and no more migration. This combination cant work

[@mikesoresina7022]

We all need no tax , take it away .

[@camillegema85]

what happened during trump's last tariff run when used cars became more expensive than new cars because the necessary parts came from china and they did NOT eat the cost, they increased it on our end. everyrhing was impossibly overpriced and consumers carried the weight. president biden is still negotiating with big box stores to get everyday products down, years later. even if the tariff idea wasn't completely stupid, it would still take years to produce what we import. that aside, the idea that trump will know how to deal even-handedly (not bully) is nil. he knows grift, not economics. the definition of insanity is ... VOTING AGAINST YOUR OWN INTERESTS OVER AND OVER AGAIN.

[@MikeM247]

Biden isn't doing anything to help you or anyone else for that matter, I mean besides his cronies, non citizens and the rest of the world.

[@Steve-mp7by]

Never trust a convicted felon

[@robertwymer4952]

Corporations do not actually pay taxes -- a cost of doing business, this "tax" is added to the cost charged by the corporation for their products or services. Only wage earners, property owners, and consumers actually pay taxes. ECONOMICS 101. The only significant effect of corporate taxes relates to the differential in tax levels among competitors in foreign markets. When US corporate taxes are excessive compared to those taxes in other countries, our corporations are motivated to move their business operations, their properties, their assets, and their jobs to other countries that have lower corporate taxes. Trump knew this and acted on it, bringing several corporations and jobs back to America. Makes you wonder what our academic economists are teaching their students.

[@AmeriGlobal]

One can tax corporations more and give tax cuts to workers, property owners, and consumers.

[@Coover90210]

Sheese I know a lot of Americans don't understand that taxing dividends after you already taxed the corporation has a cumulative effect. But for the host of a financial show to act like "its so simple just tax all income the same" shows a real lack of understanding.

[@AmeriGlobal]

REITs and BDCs are taxed differently than corporations doing stock buybacks while avoiding dividend payouts.

[@myfalconry76]

Eliminating, income taxes will also eliminate tax refunds. Wich millions of Americans depend on and also keep them on the line of poverty taking that away will undoubtedly thrust millions of Americans into starvation. But as long as the rich are happy screw the rest right?

[@thelogicalthinker5337]

Wow. what a statement. If workers had $1,200 more a month in their pockets instead of the Govts, you said it would send people into poverty and starvation? Where did you learn math?

[@myfalconry76]

@@thelogicalthinker5337 your not a very logical thinker. 37million worker earn below poverty level income that’s approximately 11% of Americans these are the Americans that benefit from tax returns. People that earn 1100 dollars a month. These are families with children who benefit from that 3-4 thousand dollar tax return and depend on it to catch up bills and by clothes and shoes for their children. So they don’t have an extra 1500 dollars a month by not paying taxes, if they are lucky maybe 200.00 a month by not paying taxes. The added strain on in government resources would be dramatically increased, because you would have 11% of Americans that would be paying no taxes that get no refunds and would still need the same amount of government as they did before. The only ones who benefit from paying no taxes are the rich. So in conclusion Mr Logic thinker, to be a logical thinker you must consider all avenues of information before you can come to a logical conclusion. This does not even touch the relevancy that not paying taxes would have on Medicare Medicaid and social security. Along with government funding for roads infrastructure and military finance. Not paying taxes is more along the lines of a strategy to create the lack of funding so a government structure collapses making it easier to defeated economically and militarily

[@myfalconry76]

@@thelogicalthinker5337 low income employees earn around 1100 a month there’s no way they can earn a extra 1500.00 when income does not require that amount of tax to be levied against their income. Therefore the 27 million people that live below poverty level have less than 200 dollars taken per month’s for taxes, however with tax credit like eic and actc they receive a refund of approximately 4k that is used too catch up bills and buy clothes and shoes for their children. Then consider that no tax’s directly impacts government funding for things like infrastructure, law enforcement public assistance Medicaid Medicare highways roads and military and social security. Not having an income tax would effectively cripple the economy and national security. That’s logical thinking Mr logical thinker.

[@myfalconry76]

@@thelogicalthinker5337 I think your more of a arrogant self enveloped individual that lives in his own personal bubble vs a logical thinker you should change your KZbin handle to reflect that

[@thelogicalthinker5337]

@@myfalconry76 I'm talking average amercian. According to IRS the avereage American pays $1,200 a month in income tax. With no income tax, that would go into their pocket. Well fortunately the poor have an out. Since the govt won't have to pay tax credits like eic and actc, they will have more cash. Cash they can use for govt programs to help low income americans. PLUS, there is still welfare to feed the poor. Homeless here in California get $2,000 a month on welfare. They can change it to pay $2,500 and amke up for lost tax credits. Think outside the box my friend. America ran perfectly fine for 150 years without an income tax. The tariffs bring in the income for the govt.

[@tonycalitri8310]

Here's what happens: 1. Inflation goes through the roof. 2. Some manufacturing comes home 3. Revenues go down because Some manufacturing came home. 4. Economic instability 5. Fascism 6. War 7. Marshall Plan from Europe --- don't hold your breath.

[@mr.d9922]

And more money in my pocket 👍🏽

[@jonnelson9760]

Get ready for massive inflation.

[@poli_zgaming3616]

We already have massive inflation

[@Vermino]

You already living in massive inflation from the plandemic, the printing goes brrrrrrr, the jabs, and sending money to 🇺🇦. And you all took it hook, line, and sinker.

[@rapcat1271]

​@@poli_zgaming3616😂facts

[@isaiahburns7538]

It's already massive more and more since Biden took office!

[@fdjt241]

Daily reminder FDJT