White House working on huge Tax Increase on wealthy

Jul 2014
14,706
8,965
massachusetts
#1
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
 
Likes: 1 person
Apr 2013
38,067
26,076
La La Land North
#2
Interesting indeed. I checked the site and it seems good.

But for a Republican? As the article says, that's pretty rebellious.
 
Jul 2014
14,706
8,965
massachusetts
#5
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
5,231
2,298
chicago
#6
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.
 
Likes: 3 people
Jun 2012
41,958
15,178
Barsoom
#7
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.
 
Likes: 3 people
Jul 2014
14,706
8,965
massachusetts
#8
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.
 
Likes: 1 person