Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • COVID-19
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • The Swiss Way
  • Dick Young
  • Debbie Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Bank Credit & Money
  • Your Survival Guy’s Super States
  • NNT & Cholesterol
  • Work to Make Money/Invest to Save Money
  • Your Health
  • Ron Paul
  • US Treasury Yield Curve

Donald Trump’s Tax Plan–Playing to Win

April 28, 2017 By Debbie Young

Photo by Jamelle Bouie

Democrats have no interest in working with Donald Trump “to harmonize, simplify and reduce” tax rates for corporations as well as individuals. Knowing this, President Trump, understanding that it will take a united GOP to get it passed, is pitching his tax proposal squarely at Republicans.

President Trump has “dramatically raised the stakes by laying out a giant challenge to his congressional allies,” writes Kimberley A. Strassel in the WSJ. “All eyes are on the Freedom Caucuses, the Tuesday Groups, the Ted Cruzes and Tom Cottons —all those who helped kill the health-care bill. If they fail to deliver this time, if they descend into bickering over deficits or state tax deductions, they will lose their majorities. It’s as simple as that.”

The president’s tax proposal—a big, swashbuckling vision for enacting pro-growth principles—offends many on the left by its very nature. Within a few minutes of its release, liberal economists, politicians and pundits were ripping it as a payoff to the wealthy, a deficit buster, regressive, unrealistic. That alone is proof Mr. Trump is getting the policy right.

As Ms. Strassel points out, the NYT, in a news article–not an editorial, — described Mr. Trump’s tax plan as “aiding the wealthy, “a radical reordering of the tax code,” and “less a plan than a wish list.” The tax plan, which would “richly benefit Mr. Trump personally,” was “rushed” to show progress before the 100th day of his presidency.

Yet what Mr. Trump may be doing best is the politics of tax reform. The president’s proposal marks not only a triumph of ideas, but also a savvy acknowledgment of the Washington landscape.

The president has dramatically raised the stakes by laying out a giant challenge to his congressional allies. All eyes are on the Freedom Caucuses, the Tuesday Groups, the Ted Cruzes and Tom Cottons —all those who helped kill the health-care bill. If they fail to deliver this time, if they descend into bickering over deficits or state tax deductions, they will lose their majorities. It’s as simple as that.

This time, Ms. Strassel writes, Donald Trump is playing to win.

If you’re willing to fight for Main Street America, click here to sign up for the Richardcyoung.com free weekly email.

Related Posts

  • Trump’s Tax Plan
  • Donald Trump’s Best Week
  • Rubio-Lee Tax Plan
  • Author
  • Recent Posts
Debbie Young
Debbie, editor-in-chief of Richardcyoung.com, has been associate editor of Dick Young’s investment strategy reports for over three decades. When not in Key West, Debbie spends her free time researching and writing in and about Paris and Burgundy, France, cooking on her AGA Cooker, driving her Porsche Boxter S through Vermont and Maine, and practicing yoga.
Latest posts by Debbie Young (see all)
  • How’s the Economy? - August 11, 2022
  • The Woke Enforcers - August 10, 2022
  • Victor Davis Hanson: How to Bust DC’s Stronghold - August 10, 2022

Dick Young’s Must Reads

  • Why Black Lives Matter Needs to Be Shut Down
  • A NEW CONTRACT WITH AMERICA: Rick Scott Finally Gives the GOP Something to Run On
  • The Swiss Way
  • The Simple, Elegant Power of the Retirement Compounders
  • The Three Best Retirement Decisions I Ever Made
  • Meet Me at Freddy’s June 2022
  • Your Odds with Statins: 500 to 1?
  • Gold/Silver Coins No Longer Allowed in Safe Deposit Boxes
  • Protection While Traveling in France
  • Your Survival Guy’s 2022 Super States: #1 New Hampshire

Disclosure

RSS Youngresearch.com

  • Your Survival Guy’s Favorite Number is 72: Here’s Why
  • PRIMARY RESULTS: Pro-Trump Candidates Clean Up
  • Prices for Electric Vehicles Going UP
  • Europeans Closing Businesses Early to Save on Energy
  • Your Retirement Life: Let the Slow and Steady Be Your Way of LIFE
  • Resilient Nordic Market Spawns Fast Growing Offshoot
  • If the Phone Doesn’t Ring…It’s Me
  • SHOCK: Home Prices FALL in San Francisco as Market Dries Up
  • Federal Reserve Governor Signals MORE Big Rate Hikes
  • DESANTIS RESISTS: Suspends Soros-Funded Destruction of America

The Great Jon Rappoport on Kari Lake

How’s the Economy?

Your Survival Guy’s Favorite Number is 72: Here’s Why

DEMOCRATS PLAY DIRTY: Megynn Kelly Calls Bulls#$t on “Classified Documents” Story

WATCH: Doocy Breaks Jean-Pierre with Trump Raid Questions “No Comment”

BECK: The Democrats’ Dangerous FBI Raid Endgame

Copyright © 2022 | Terms & Conditions | About Us | Dick Young | Archives