Donald Trump Tax Cuts Will Boost Economy

Currently: Seven tax brackets start at 10 percent and go up to 39.6 percent

Under Trump: A zero tax band for the lowest earners, then bands of 12 percent, 25 percent and 33 percent

FEDERAL ESTATE TAX

Currently: 40 per cent tax on all estates over $5.45 million for individuals and $10.9m for couples

Under Trump: Abolished

CHILD CARE

Currently:  Up to 35 percent of childcare costs of $3,000 for one child or $6,000 for two ore more is tax deductible. Actual amount depends on parents’ income

Also, Trump proposes a temporary moratorium on new regulations, and stronger protections for intellectual property. This would invigorate entrepreneurialism  and new businesses to start and expand, which would stimulate the economy and provide job growth in a stagnating economic recovery that is the worst since the Great Depression.

A key aspect of his plan is closing the tax loopholes such as the carried interest deduction that allows hedge fund managers and wall st. investors to pay only the capital gains tax rate. This, along with other tax breaks for the super rich would be eliminated, such as certain itemized deductions, exemptions on life insurance interest, etc.

How To Increase Revenue to Offset Tax Cuts:

The question the keynesian economic demagogues, and so-called ‘experts’, liberal/socialist pundits, and talking heads of the CIA controlled media will ask is, how would we pay for such a drastic across the board tax cut? Then they will claim they are only tax cuts for the rich. The answer lies in a fundamental understanding of how Free Market Capitalism really is supposed to work. When you free up the engine of creation, which is capital investment and innovation, entrepreneurialism and businesses flourish every time in history.

ENERGY PRODUCTION:

By expanding the U.S. energy production, i.e. passing the Keystone oil pipeline would be a good start, some conservative estimates show this would increase revenue by 6 Trillion dollars over the course of 4 decades. Why are we importing oil from countries like Saudi Arabia, when we could be producing enough oil and natural gas to be a net exporter of these commodities?

JOB CREATION

Say what you want about trickle down economics, the fact is when people have more money in there pockets, they tend to spend more, which stimulates economic growth. Millions of new jobs would be created, businesses would invest more capital to expand, which would increase tax revenue.

TAX LOOPHOLES

Right now there are trillions of dollars of U.S. assets parked in offshore bank accounts that corporations use as tax havens. By allowing the repatriation of these assets with a one time tax would bring in an estimated $2.5 Trillion.

TRADE DEFICIT

Renegotiating our trade deals and reversing the ballooning deficits would increase revenue and return prosperity to our once great manufacturing centers.

BUDGET DEFICIT

The ballooning budget deficit and national debt has doubled under Obama. The failed tax and spend policies do nothing but enrich the crony capitalists and their political puppets, while burdening future generations with unsustainable debt. Trumps plan to cut taxes, and restructure the budget will increase revenue and stimulate a stagnating economy.

Remember when Crooked Hillary accidentally told the truth and said she will raise taxes on the middle class? These same demagogues of the media would like you to forget about that. They would rather have you eatcake while they dine on caviar aboard luxury yachts and looking down on the peons and telling them the answer is socialism, and more taxes, more regulation, carbon taxes, soda tax, water tax, why not tax the air we breathe for crying out loud! ENOUGH!  

People are fed up with corrupt crony capitalist pigs who fund socialist causes, and their political lackeys and hacks in the media who know if they don’t go along with the machine they will be out of a job or worse. Just look what happened to the top DNC staffer Seth Rich who was beaten, then shot dead on his way to the FBI, and who Julian Assange  won’t confirm or deny as a possible source for the recent wikileak exposure of the DNC collusion against Bernie Sanders.

It doesn’t get anymore serious than the state of blatant lawlessness that is now rampant across the country. A fish rots from the head down, and the Bush/Clinton Crime Syndicate that has been running this Country for decades now, and their current stooge obama are about as rotten to the core as they come. Its time for a fresh start and purge of the criminals in Washington, so America can once again be the economic powerhouse and example for the world of what Free Market Enterprise can accomplish.

https://www.youtube.com/watch?v=pYoFlV78AXY

Source: www.eatcake.us