White House working on huge Tax Increase on wealthy

Jul 2014
15,623
9,717
massachusetts
Steve Bannon is working on a proposal to jack up the highest tax rates
"he want the top tax rate to have a 4 in front of it".

He's proposing using the money for middle class tax cuts.

This is a formula to grow the economy, it's what Clinton did, the GOP will hate it, and they will predict disaster if it goes through, like they did with Clinton, but this is a formula direct from actual economic theory, that worked wonderfully before.

https://www.axios.com/scoop-bannon-pushes-tax-hike-for-wealthy-2452197801.html
 
  • Like
Reactions: 1 person

RNG

Forum Staff
Apr 2013
40,138
27,965
La La Land North
Interesting indeed. I checked the site and it seems good.

But for a Republican? As the article says, that's pretty rebellious.
 
Jun 2013
28,864
15,457
Ohio
Chump and the Republican's know who their masters are. Bannon is not long for this administration.
 
Jul 2014
15,623
9,717
massachusetts
Bannon is working to get Trump re-elected.
And he knows that if the Donald becomes a rubber stamp for the usual Republican horse shit, that won't happen, we'll have a stagnant economy and that won't work for Trump in 2020.
So he'll push something that will actually produce jobs, and better economic growth, higher taxes on the wealthy, removing money with the lowest economic multiplier, and injecting it back as middle class tax cuts, where the multiplier is much higher.
 
Jul 2015
5,433
2,347
chicago
This article is based on what? I see quote marks around one fragment of a sentence allegedly attributed to Bannon based on what? From where did this come from? More fake shit.
 
  • Like
Reactions: 3 people
Jun 2012
41,958
15,181
Barsoom
So Trump is going to promote the same policies that have caused the Democrats to lose an unprecedented number of seats at the state and federal levels for the 2020 election. Makes sense to me.
 
  • Like
Reactions: 3 people
Jul 2014
15,623
9,717
massachusetts
So Trump is going to promote the same policies that have caused the Democrats to lose an unprecedented number of seats at the state and federal levels for the 2020 election. Makes sense to me.
Actually, Bannon is trying to do what Clinton did to get re-elected.
It's economics, Jimmy, I can't understand it for you.
 
  • Like
Reactions: 1 person