Lion of the Blogosphere

Trump disavows his bogus tax plan

Donald Trump told Chuck Todd of NBC News:

Let me explain how the world works, okay? I think nobody knows more about taxes than I do, and income than I do. But I’ll explain how it all works. I come up with the biggest tax cut by far of any candidate. Anybody. And I put it in. But that doesn’t mean that’s what we’re going to get. We have to negotiate.

The thing I’m going to do is make sure the middle class gets good tax breaks. Because they have been absolutely shunned. The other thing, I’m going to fight very hard for business. For the wealthy, I think, frankly, it’s going to go up. And you know what, it really should go up. Because the wealthy–

So it turns out that Trump’s massive tax cuts for the wealthy was actually just a debating point when he was trying to win the nomination of the Republican Party (although it was never really clear that he actually read the stuff on his own website), and now that he has won the nomination he is pivoting towards a more common sense and less stupid tax plan.

This makes me happy that I voted for Trump.

Written by Lion of the Blogosphere

May 9, 2016 at 1:50 pm

Posted in Politics, Taxes

66 Responses

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  1. The eventual reformed tax code Trump signs into law can have the top marginal rate come down from 39% yet have the rich end up with a higher effective tax rate.

    Andrew E.

    May 9, 2016 at 1:53 pm

  2. “For the wealthy, I think, frankly, it’s going to go up.”

    I think Trump has already explained what he meant by “go up.” What he means is the very wealthy will not get as large a tax cut as in his original proposal. The very wealthy will pay more taxes than in is original proposal, but much less than what they pay now.

    This is just marketing speak to mislead the masses.

    Mike CA

    May 9, 2016 at 2:04 pm

    • its amusing that Lion thinks the old thing is the snow job and the new thing is sincere.
      The guy who will say anything now tells them they story they want to hear and they believe it.

      Which one is the marketing story? Take your pick because Trump doesnt really believe in any of the interpretations in any event.

      Lion of the Turambar

      May 9, 2016 at 5:20 pm

      • Principles….you mean like all the ‘constitutional conservatives’ who threw all their principles overboard to support someone ineligible for POTUS?

        Andrew E.

        May 9, 2016 at 6:36 pm

      • Acknowledging that tax cuts, and any other idea he has, have to get through Congress and probably won’t look like what he initially proposes isn’t especially controversial; I think most people, even low information voters, understand the concept of an opening offer.


        May 10, 2016 at 11:10 am

    • I think you’re right, but also that Trump’s main focus is repatriation of the 2.5+ trillion dollars corporate cash held overseas.


      May 10, 2016 at 8:14 pm

  3. trolls the globalists and the TruCons at the same time.

    Let us not forget that even if we lose the election by 10 points that we have utterly exterminated the TruCons, the greatest enemy of white America, forever and always. We have already had our victory, everything else from here on out is just gravy.

    Otis the Sweaty

    May 9, 2016 at 2:06 pm

    • I read political news regularly and I still have no clue what you’re talking about when you say TruCons. Maybe that’s for the better.

      Panther of the Blogocube

      May 9, 2016 at 5:44 pm

      • In my mind a Trucon is a Bush-supporting Republican.


        May 9, 2016 at 9:31 pm

      • TruCons are the scum that have ruined America. They are the guys who are all about “muh small government” despite the fact that the government has grown under every administration for the last 100 some years. They ignore the mass 3rd world invasion of the US but flip their shit about tranny bathrooms.

        They are scum and they must be totally annihilated. You disagree?

        Otis the Sweaty

        May 9, 2016 at 10:02 pm

      • I’m not sure what Sweaty means by TruCons, either. But I’ve been on blogs and message boards full of people who self-identify as true conservatives and, without exception, they’re not conservatives at all. They’re mostly libertarians who think they’re conservatives because they don’t know the difference. Consequently, they think mainstream conservatives are “liberals” because mainstream conservatives aren’t as obsessed with free markets, small government and liberty as they are. So they started calling themselves “true conservatives” and “true constitutional conservatives”.

        I can certainly understand why one would be confused about it. Because there’s a lot of overlap between libertarians and conservatives on economics. But conservative don’t take it nearly as far and have other characteristics that libertarians don’t.


        May 9, 2016 at 11:13 pm

      • This sounds like a category better suited to other terms: e.g. GOPe, Cuckservative, RINO, etc. ‘TrueCon’ doesn’t describe anything about this group.

        Panther of the Blogocube

        May 9, 2016 at 11:44 pm

      • ” They’re mostly libertarians who think they’re conservatives because they don’t know the difference. ”

        Yeah. A tru-trucon would believe in turning back the Enlightenment.


        May 10, 2016 at 9:00 pm

      • Sweaty mentions a second group who sometimes identify as trucons. The tranny toilet crowd. They’re different from the libertarian trucons but they sometimes congregate together because they both hate Trump. It’s more oa case of the enemy of m enemy blah blah. It the larger obstacles were gone then their differences would come to the fore and they’d be at each others throats. Because their goals are mutually exclusive.
        Gothamette is right. If they were really “true conservatives” then they’d oppose the Enlightenment. And they don’t. But I do for reasons that are beyond the scope of this discussion.


        May 11, 2016 at 12:19 am

  4. Since the majority of the rich, especially younger rich people, vote Democrat there is no reason for tax cuts for the rich to still be Republican economic policy. IMO the childless middle class needs the most tax relief.

    Jay Fink

    May 9, 2016 at 2:19 pm

    • Childless people earning a good money are a problem. They should have kids. Smart people going childless are the biggest reason we are losing civilization.


      May 9, 2016 at 3:25 pm

      • Earning “good money” is definitely prole-speak.

        With regards to begetting children, I’m looking forward to artificial insemination, cloning and customization of humans, where it becomes a trend in the future. Either Yakov lives to that day and shuts up, or cease to exist.


        May 9, 2016 at 10:27 pm

    • “Since the majority of the rich, especially younger rich people, vote Democrat”.

      That is true in the major metro areas but not the country as a whole. In major cities the rich and successful rally around the Democrat Party. In most rural and suburban flyover areas it is the polar opposite, and the well to do are overwhelmingly Republican. In those parts liberals are pushed to the fringes and treated like the effete, moral degenerates that they are. Only in the lower depth of sewers like New York and San Francisco can the liberal parasite thrive.


      May 9, 2016 at 6:41 pm

  5. I sort of suspected that Trump was more economically left wing than he let on, and we certainly have past expressed positions of his that indicate as much. The last couple days he’s walked about cutting taxes on the rich and talked about raising the minimum wage — even mentioning how they need “something to live on.” This is looking good.

    The Republicans’ playbook was always to talk a big game on immigration, use that to get elected, and then do nothing about immigration or any social issues people care about and instead use their elected power to cut taxes on the rich and execute policy that favors only the rich. Trump flipped the script, talked about immigration — but actually MEANT it, without using it as a smokescreen for pro-rich economic policy. In fact, he might not be partial to pro-rich economic policy at all!


    May 9, 2016 at 2:23 pm

    • “I sort of suspected that Trump was more economically left wing than he let on…”

      You foolishly posit that Trump actually has any sort of economics. Of course he doesnt.

      Very rich people like high tax rates because it prevents other people from making a lot of money and competing with them. Who wants to find out that your yacht is now ridiculously undersized, you are being priced out of Vail and your private jet now attracts pity instead of awe? As long as your status in the top hundred families is preserved who cares if your income slows down.

      Trump sells gaudy apartments to arrivistes. I am sure the mortgage interest deduction will be the last thing to go. Thats the extent of any sort of thinking he has ever given to the matter.

      Lion of the Turambar

      May 9, 2016 at 5:42 pm

      • High taxes don’t prevent competition, they are not a barrier to entry. All indications are the rich people want lower taxes, which is why they vote Republican, but some can’t deal with the stink of the rest of the stuff Republicans stand for so they vote Democratic.

      • What is the “stink” that rich cannot abide?


        May 9, 2016 at 6:51 pm

      • The Republicans’ playbook was always to talk a big game on immigration, use that to get elected, and then do nothing about immigration or any social issues people care about and instead use their elected power to cut taxes on the rich and execute policy that favors only the rich.

        Except the Republicans haven’t stayed true to free market economics either. They last cut taxes significantly in the first term of Bush 2 and spent irresponsibly. The ‘libertarian’ Paul Ryan passed a deficit fattening budget.

        The Undiscovered Jew

        May 9, 2016 at 8:49 pm

      • Of course I do have to agree that his economic populism is more helpful in a general election than a standard Republican economic platform would be.

        The Undiscovered Jew

        May 9, 2016 at 8:51 pm

    • The last couple days he’s walked about cutting taxes on the rich and talked about raising the minimum wage — even mentioning how they need “something to live on.”

      Oh no, now he’s started eating away the Democrat platform.


      May 10, 2016 at 2:59 am

  6. Taxes are one of the most issues for a Presidential candidate to make a stand on, and Lion is happy that Trump lied about his views on taxes. Trump lies a lot — insinuating that Cruz’s father had something to do with the JFK assassination was a recent egregious example. I have voted for every GOP candidate since Dole in 1996 and will likely vote 3rd party this year. Trump disgusts and scares me.


    May 9, 2016 at 2:34 pm

    • Lets see, W. massively increased spending, half the GOPe is for open borders and stupid wars and Trump scares you?


      Trump is, in my view, the least scary of the candidates. Scary is status quo, the dissolving of America.


      May 9, 2016 at 3:34 pm

    • Stop being a scaredy cat.


      May 10, 2016 at 9:20 pm

  7. You’ll be glad you voted for him right up until he does the same thing for immigration.

    It’d make much more of an effect if we raised wages (which Trump is very good on) and lowered housing, education, and medical costs (which Trump is terrible on). I really worry that even if wages go up it’ll all just get swallowed up as the price of a house in a “good neighborhoods” with “good schools” gets bid up by all the new money chasing after it.


    May 9, 2016 at 2:39 pm

    • “You’ll be glad you voted for him right up until he does the same thing for immigration.”

      Seems unlikely. He talked his whole campaign about the wall. You could go to any random minute of any video of one of his rallies and odds are good, he’s talking about it.

      In fact, his policy website has immigration twice. On section is about immigration, one section is about The Wall.

      Jeff Sessions is his immigration guy and personnel is policy.


      May 9, 2016 at 3:29 pm

      • I’ve watched many of his rallies and he talks consistently about building a wall but never discusses what to do with illegal immigrants already here and in discussing future immigration says that there will be a big beautiful door and that he wants people to come here, just legally. He only rarely mentions the temporary ban on Muslims which, which he has never given any details on, and which he can reneg on at any moment because he only wanted the ban to last until the county could “figure out what’s going on”.

        It’s very worrying to me.


        May 10, 2016 at 12:51 am

      • @Magnavox

        Its best to be vague about the details of deportation right now. Let him get elected and we’ll see. I think he’s gonna do the right thing.


        May 10, 2016 at 10:30 pm

    • “You’ll be glad you voted for him right up until he does the same thing for immigration.”

      Keep in mind too, he is not copying anyone on immigration but breaking new ground (the wall, holding off on Muslim immigration) and then sticking to that in the face of yooge backlash.


      May 9, 2016 at 3:37 pm

    • “lowered housing, education, and medical costs (which Trump is terrible on).”

      The immigration wave has a DIRECT and MASSIVE influence on all three of those costs. In fact, it’s likely the MAIN cause of rising costs in all of those areas.

      You can’t add several million people a year without driving up the cost of housing, education (been to an elementary school lately? it’s majority brown) and medical costs (been to an emergency room lately?).

      If 20 million illegals de-camped, all three of these costs would drop precipitously.


      May 9, 2016 at 5:01 pm

      • I think you’re ignoring the extent to which “good neighborhoods” and “good schools” are defined relatively. I’m sure without illegal immigrants and with a more sensible approach to legal immigration the country would have better schools and better neighborhoods than it does now but people would still want schools and neighborhoods that are as far above average as they can afford.

        As for health care, costs paid by individuals for insurance will go down if there are fewer non insured illegals receiving care but deporting them would not have much of an effect on the total per person health care costs, which are the crux of the issue.


        May 10, 2016 at 12:55 am

      • The healthcare issue will be resolved by his willingness to prosecute the medical monopolies and the pharmaceutical grifters who sell drugs in Europe for $5 while charging US citizens $50 and made reimportation illegal. Just another example where the rest of the world is ripping us off. So Europeans get to pay $10 (along with the rest of the world), but we get to pay $10 as well. That’s an 80% reduction to us, effective immediately, in our drug expenses. The same can be done for medical procedures.

        Look at the Surgery Center of Oklahoma that transparently posts prices for all their procedures. Everything from knee replacements to heart operations could be paid for either with cash or a small home equity loan (as opposed to mortgaging the entire house). Once the Trump breaks the literal spine of the medical monopolies GDP % for healthcare spending will go back to its historic norm and stop bankrupting the country (5-10% instead of >20%). This by the way is the entirety of the federal budget deficit. Fix healthcare and we will run about $300B a year in surplus. This move, in addition to paying down the debt will also see our collective standard of living increase by 2% annually as the monetary base shrinks.

        “Try this one wierd trick to fix our budget deficit.”


        May 10, 2016 at 1:11 pm

      • Every other country reduces costs in the exact opposite way of what you’re describing. They have a government monopoly set prices on services and use their monopsony (monopoly on demand) to bargain with drug companies. The real world provides zero reason to think that medicine can be left to the free market. American exceptionalism can only go so far. If we can accept government control of our utility prices without going all John Birch Society then should be able to accept the same for medical costs.

        Which is not to say that some services can’t be treated in a more traditional way for people in areas with enough competition and who are physically and mentally healthy enough to shop around. My understanding is that those people represent a tiny fraction of medical spending in any given year because the vast majority of spending goes towards the very sick, especially those in their final few years of life.

        Can you explain your comment about the monetary base shrinking? Is that mainstream economics?


        May 10, 2016 at 3:18 pm

      • It’s much better explained in the link I posted, but here’s a synopsis…

        I can see why you’d think a free market approach would fail given that we have all been led to believe the current system is a free market. In reality there is currently no price transparency in the market because the government refuses to enforce laws on the books as it relates to commerce. What other industry can you walk in and purchase a $30 item only to be billed $300 at the end of the procedure? Used to be a frequent problem in auto repairs and then .gov became involved. Lo and behold no more overbilling.

        I said to look up Surgery Center of Oklahoma… They list their prices online. It’s affordable for the average American.

        It’s not an argument of single payer monopoly versus free market (even that would be cheaper than our current system, but probably not as good as a free market system). It’s an argument of criminal cabal practices and racketeering versus government enforcing anti-monopoly laws. USC 15.

        As for the monetary base, yes it’s standard Econ that the base is expanded through federal deficits. It’s non standard to believe this is automatically inflationary since economists worship at the alter of the doctored CPI. Again it’ll be in that link I posted. There is also a bias in economics towards federal deficits because it supplies university macroeconomists with lucrative jobs and employment at the university. Since, there is an overall Keynesian bias and all…


        May 11, 2016 at 7:30 pm

    • Even if Trump would do a 180 on immigration, like Sanders did early on, he has still been the best candidate by far. Let that sink in for a minute. (If he did, it would of course even so be time to abandon ship and wave goodbye to the election.)

      But events amply show that there is a lot of popular support for Trump on immigration, his signature issue, so it would be dumb to do something like that. Expect intense resistance and lobbying after the election though. It’s not over even if Trump wins.

      TRUMP 2016.


      May 10, 2016 at 3:32 am

  8. I watched that Meet the Press interview, and it was if Chuck Todd had never heard of a candidate proposal that hadn’t become actual law totally intact, with no changes. Negotiations? Congress? He was playing at being totally confused.

    Mike Street Station

    May 9, 2016 at 2:50 pm

  9. I think it needs to be made clear that a Hillary presidency is preferable to a TruCon presidency. The only TruCons I will ever support are those with impeccable anti immigrant credentials like Steve King and David Brat.

    Otis the Sweaty

    May 9, 2016 at 3:02 pm

    • He’s constantly flailing around giving contradictory statements on on taxes, debt repayment, and the minimum wage. Why doesn’t he have people around him who understand the conventional wisdom and that he can bounce his unconventional proposals off of?


      May 10, 2016 at 10:25 am

      • The conventional wisdom is garbage. Fuck the conventional wisdom.


        May 11, 2016 at 7:32 pm

  10. Trump has to convince the middle class to vote for him now that he has defeated the wealthy’s political arm during the primaries. Hillary is still too caught up in culture war stuff; which middle class people really don’t care about. CW stuff is mostly SWPL people speaking down to the middle class, it’s not popular outside of those circles. It’s a good idea to own the taxation issue. It’s more important to talk about who’s going to pay rather than the wealthy shouldn’t pay.

    at large in the city

    May 9, 2016 at 4:19 pm

  11. The completely natural shift of blacks toward Trump has just taken a leap forward:


    May 9, 2016 at 4:57 pm

  12. When Trump introduceded tax plan in Sept, he called for increased taxes on rich — but plan lowered taxes for all.

    Steven J.

    May 9, 2016 at 6:18 pm

  13. I am fully prepared for Trump to waffle and speak out of both sides of his mouth on every issue…expect for one. And that one is all that truly matters.


    May 9, 2016 at 6:45 pm

    • I agree. This election isn’t about abortion, taxes or the minimum wage. Not that I care about his positions on those. But there are only three things that matter in this election — immigration, trade deficit and SCOTUS. As long as he’s solid on those I couldn’t care less what he say or does about anything else. He’s deliberately waffled and muddied the waters on irrelevant issues as a campaign strategy. But pundits who say he’s not solid on his core issues are just trying to sabotage him.

      To show you how consistent Trump has been on his core issues take a look at this Oprah interview from 1987. He’s saying the exact same thing now as he was 30 years ago! The interview doesn’t mention immigration but there are 20 years worth of quotes showing he’s been just as consistent on that as well. Those are the issues he’s running to do something about. The rest are just fluff.


      May 9, 2016 at 10:34 pm

      • An amazing interview. Wow! Only Trump.


        May 10, 2016 at 8:44 pm

    • Yes. I would among other things much enjoy to see rapid action on “sanctuary cities” and similar malicious scofflaws.

      However, because there is bound to be a lot of ideological resistance, Trump should also keep a couple of counter strikes in his back pocket, such as reforming the outrageous system of higher education. The priests are toasting in the finest champagne while the people are groaning under the burdens of loans taken to just get the chance of a job — it’s a good time to consider the dissolution of the monasteries.


      May 10, 2016 at 3:46 am

    • He’s consistent on trade and oppostion to illegal immigration. He’s not consistent at all on dealing with illegal immigrants already here and what legal immigration should look like.


      May 10, 2016 at 10:30 am

  14. Taxes don’t make sense and will not make sense for a long time. There is nothing that Trump can do to make a real difference right now. You need to get paid in cash or net around $250,000, either way. This is what smart people do. This is a silly discussion. Like please give me a tax break of $800. This is kids stuff. What’s $800? Nothing.


    May 9, 2016 at 7:47 pm

  15. This makes me happy that I voted for Trump.

    You’re looking forward to a big tax hike?

    The Undiscovered Jew

    May 9, 2016 at 8:34 pm

    • A tax hike on other people makes me relatively better off, because our economy is a zero-sum value-transference economy.

      • Tell that to Yakov, who tells people to hustle for a dime (and he’s disingenuous now, because he believes in an underground economy w/o paying taxes, and this is the only way for the less fortunate to bilk the system in their favor).


        May 9, 2016 at 9:54 pm

      • @JS

        You just don’t stop. You don’t know what I beleive. When Lion does a post on what makes America great, you may hear about it. For now suffice it to say that I like paying taxes, when it makes sense. We should have a system where it does make sense to do so for everyone.


        May 9, 2016 at 11:04 pm

      • Yakov I agree that you and others like you should be prosecuted and forced to pay taxes.


        May 10, 2016 at 10:29 am

      • @Magnavox

        I don’t disagree, but it’s not gonna happen. I change your compressor and you give me $2000, who’s gonna know? Nobody. Now let’s do a what if: you change my compressor and I give you $2000, what’s gonna happen to that money? How much will the tax man see? Lemme know.

        Let me phrase it in a most general and unambiguous way: who out there will voluntarily pay tax on cash transactions? Enough hypocritsy already, eh?


        May 10, 2016 at 1:58 pm

      • A tax hike on other people makes me relatively better off,

        Just hope they don’t classify you as ‘rich’…

        The Undiscovered Jew

        May 10, 2016 at 7:48 pm

  16. A tax hike on yourself.

    The Undiscovered Jew

    May 9, 2016 at 8:35 pm

  17. Lion — What’s with this hiring of Mr. Joisey Fatso by Trump to lead his transition team, if he gets elected into the Cake House? Does the Guido Christie get to eat more? All the sumptuous food is on Trump, I would presume. It appears that the condescending Trump thinks the Button Man is a dumbo, only good for one thing, whatever that is!


    May 9, 2016 at 8:55 pm

    • The Democrats in New Jersey were on the verge of filing impeachment charges against him.
      I suppose if he just follows Trump around the country it’s almost like he’s not Governor and the Democrats will leave him alone.

      Another William Playfair Web

      May 10, 2016 at 1:24 am

    • One of the best things about Trump is if you treat him well he rewards you. If you treat him badly, it’s scorched earth against you.

      Christie has been a longtime loyal friend to Trump and was the first major candidate to endorse Trump for president. Trump is rewarding Christie.

      Andrew E.

      May 10, 2016 at 9:51 am

  18. Would Trump oppose the Euromaidan and fascism in Ukraine?


    May 10, 2016 at 7:30 am

  19. Check out todays polls from Quinnipac!

    Just like all of us said, Trump puts all the rust belt states in play, even though he is doing pretty badly nationally. Still, he’s only down by 6 to Hil in the country overall.

    Otis the Sweaty

    May 10, 2016 at 9:12 am

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