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Once Upon A Time Trump Promised To Make The Rich Pay More In Taxes

  

Category:  News & Politics

By:  john-russell  •  4 years ago  •  13 comments

Once Upon A Time Trump Promised To Make The Rich Pay More In Taxes
On Fox & Friends that August, he complained about financiers avoiding taxes: “They should be taxed a fair amount of money,” he said. “They’re not paying enough tax.” He committed that when he got hold of power, he would sacrifice his own interests to look out for the people who had trusted him.

“We are going to eliminate tax breaks and complex loopholes, taken advantage of by the wealthy,” he said, flanked by two Christmas trees onstage in St. Charles. “I think my accountants are going crazy right now.”

“Hey, look, I’m president, I don’t care anymore,” Trump continued. “Some of my wealthy friends care. Me, this is a higher calling, do we agree?”

https://time.com/5041919/donald-trump-tax-reform-bill/#:~:text=Speaking%20in%20Missouri%20in%20an%20effort%20to%20promote,contradicted%20by%20several%20independent%20analyses%20of%20the%20legislation .

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"America's tax code is a total dysfunctional mess. ... It is riddled with loopholes that let some special interests, including myself, in all fairness -- it is going to cost me a fortune, this thing," Trump said. "Believe me, believe me, this is not good for me."

https://www.cnn.com/2017/11/29/politics/trump-tax-plan-fact-check/index.html

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Trump spoke powerfully to those voters. He told them a story about corrupt elites, symbolized first by his Republican rivals, then by Hillary Clinton. He told them that he had gamed the system better than anyone else had. In July 2015, he   boasted , “As a businessman and a very substantial donor to very important people, when you give, they do whatever the hell you want them to do.”

Now Trump was offering to put his hard-won knowledge to work for put-upon voters. He alone would bring class justice to this country, redirecting benefits from the super-rich to deserving people such as themselves. On  Fox & Friends  that August, he complained about financiers avoiding taxes: “They should be taxed a fair amount of money,” he  said . “They’re not paying enough tax.” He committed that when he got hold of power, he would sacrifice his own interests to look out for the people who had trusted him.

When he at last delivered a tax plan in 2017, he   insisted , “This is going to cost me a fortune, this thing, believe me. This is not good for me … I think my accountants are going crazy right now.”

The highly politically aware always recognized that these claims of wealth and sacrifice were   preposterously false . But they were central to Trump’s messaging.

https://www.msn.com/en-us/news/opinion/trump-just-lost-control-of-the-game/ar-BB19vgEg

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JohnRussell
Professor Principal
1  author  JohnRussell    4 years ago
On  Fox & Friends  that August, he complained about financiers avoiding taxes: “They should be taxed a fair amount of money,” he  said . “They’re not paying enough tax.” He committed that when he got hold of power, he would sacrifice his own interests to look out for the people who had trusted him.

Trumpsters, please tell us -  when has Trump ever sacrificed his own interests to look out for the people ? 

 
 
 
bbl-1
Professor Quiet
1.1  bbl-1  replied to  JohnRussell @1    4 years ago

Well, Trump did take the time to check out 'the interests' of Clifford and McDougal.

 
 
 
Sister Mary Agnes Ample Bottom
Professor Guide
1.2  Sister Mary Agnes Ample Bottom  replied to  JohnRussell @1    4 years ago
when has Trump ever sacrificed his own interests to look out for the people ? 

I'm not a Trumpster, but I am qualified to answer this question.  Never, ever, from birth until now.

 
 
 
Tessylo
Professor Principal
1.3  Tessylo  replied to  JohnRussell @1    4 years ago

"Once Upon A Time Trump Promised To Make The Rich Pay More In Taxes"

Who was foolish enough to believe him?

 
 
 
Sean Treacy
Professor Principal
1.3.1  Sean Treacy  replied to  Tessylo @1.3    4 years ago
Who was foolish enough to believe him?

Probably people who didn't pass eighth grade civics.

As a reminder, Congress passes tax laws and revisions to the tax code. . President's don't make laws.

 
 
 
JohnRussell
Professor Principal
1.3.2  author  JohnRussell  replied to  Sean Treacy @1.3.1    4 years ago

 On Fox & Friends that August, he complained about financiers avoiding taxes: “They should be taxed a fair amount of money,” he said. “They’re not paying enough tax.”

He must have been talking about every rich person except himself, right? 

 
 
 
Trout Giggles
Professor Principal
1.3.3  Trout Giggles  replied to  Sean Treacy @1.3.1    4 years ago

Congress was in the bag for trmp when they passed that revision. They were also looking at $$$$$ when they passed it

 
 
 
bbl-1
Professor Quiet
2  bbl-1    4 years ago

While it is true that Trump said "Financiers----and others" should be taxed a fair amount on FOX and Fiends-----it must be duly noted that he was lying.

Surprised Trump didn't know that Philippine, Malaysian, Saudi, Russian and Turkish 'financiers' are not bound nor liable for American tax obligation.

 
 
 
JBB
Professor Principal
3  JBB    4 years ago

Donald Trump actually does have a healthcare plan...

Throw twenty million Americans off their insurance!

 
 
 
Ronin2
Professor Quiet
4  Ronin2    4 years ago

Once upon a time Trump was a Democrat in good standing; and loved by the left.

So, what was your point again?

As for the biggest wealth transfer to the rich, look no further than your lord and savior Obama.

To measure the ups and downs of wealth during Obama’s presidency we first turned to the Federal Reserve’s Survey of Consumer Finances

We started by looking at the trends in wealth holdings among several portions of the income spectrum in 2007, 2010, 2013 and 2019. (The survey data is collected every three years.)

As the chart below shows, the only increase in wealth during that period accrued to the top 10% of the income spectrum, which saw a 27% rise in wealth. The bottom 80% lost wealth, either a little or a lot. Losses ranged from half a percentage point to 70%

In an interview that aired Sunday on ABC's "This Week with George Stephanopoulos," the show host cited a recent study from the University of California, Berkeley, that found 95% of income gains from 2009 to 2012 went to the top 1% of the earning population.

The president agreed with Stephanopoulos.

"The folks in the middle and at the bottom haven't seen wage or income growth, not just over the last three, four years, but over the last 15 years," the president said.

In fact, other data also show that America's median household income has dropped by more than $4,000 since 2000, after adjusting for inflation.

Funny how Obama became one of the 1% while president. Seems he reaped the rewards of his own policies. But by all means vote Democrat, they will screw you even harder to get what they want.

 
 
 
freepress
Freshman Silent
5  freepress    4 years ago

The biggest tax scam in history enacted by the biggest tax scam artist in history.

 
 
 
Dean Moriarty
Professor Quiet
5.1  Dean Moriarty  replied to  freepress @5    4 years ago

The first thing I thought of when reading your comment is the Obamacare tax on real estate transactions.

 
 

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