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Trump revises his tax plan, raises top rate

Dea. Ron Gray Sr. · Monday, August 8th 2016 at 7:53PM · 1239 views
Trump revises his tax plan, raises top rate


Detroit (CNN) — Donald Trump sought to get his stumbling campaign back on track Monday, unveiling a tax reform plan aligned with House Speaker Paul Ryan's policy agenda.

Trump's new proposal would reduce tax rates for most Americans and simplify the tax code, but the new rates Trump proposed mark an increase from those he proposed last year as he campaigned for the Republican nomination and touted his tax reform plan as offering the lowest income tax rates of any of his GOP opponents.

Trump's new proposal would more than halve the number of income tax brackets and bring rates down to 12%, 25% and 33%. Trump proposed drastically reducing federal income tax rates to 10%, 20% and 25% -- a proposal that nonpartisan groups assessed would add trillions of dollars to the national debt.

Americans in the top income bracket are currently taxed at 39.6%. Trump also vowed again Monday that the poorest Americans will have a zero tax rate, which he included in his initial proposal.

What's missing from the 2016 race: Inspiration


The Republican nominee, who was interrupted by protestors 14 times, unveiled his economic plan -- which included proposals beyond just tax reforms -- a week after he feuded with Ryan. The real estate mogul initially refused to endorse the speaker, who faces a primary Tuesday. But Trump ultimately backed Ryan on Friday after a tumultuous week of intra-party fighting.

READ MORE: http://www.cnn.com/2016/08/08/politics/don...
Trump revises his tax plan, raises top rate

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Comments (22)

Dea. Ron Gray Sr. Monday, August 8th 2016 at 8:12PM

How will Trump pay for the tax cuts?

Dea. Ron Gray Sr. Monday, August 8th 2016 at 10:30PM

This death tax is not for the blue collar workers or the middle classes. If you think that Donald is doing something for the poor or the middle classes, then you are wrong. You as a lower classes of American don't pay DEATH TAXES anyway.

This man TRUMP has LIED to the American people again and the said part about that is, you want to buy into that LIE!!!





Dea. Ron Gray Sr. Monday, August 8th 2016 at 10:38PM

The IRS generally recommends that estate executors responsible for administering estates in excess of $1 million obtain legal tax advice or specific tax guidance from a CPA to determine tax liabilities.

$1 MILLION, is that you? If not Donald TRUMP was no talking to you.

Dea. Ron Gray Sr. Monday, August 8th 2016 at 10:54PM

But to us it’s the most intriguing because it’s such a narrowly focused cut, yet one dressed up as a boon for ordinary Americans—Trump himself called it a burden on the “American worker.” Yet as we observed in 2009, the estate tax affects only a few thousand people at most, all of them multimillionaires with an average nest egg of more than $30 million. We can think of no better way to lay out the stupidity of the argument against the “death tax” than to republish the column we wrote about it on April 13, 2009.

THE LIE THAT YOU HAVE BEEN TOLD WAS THIS: " Trump himself called it a burden on the “American worker, nest egg of more than $30 million? ”

Don't be fooled, there is no other DONALD TRUMP? ASK HIM, WHERE ARE YOUR TAXES?

WOW!!!!





I ask you, what worker you know is a multimillionaires with, get this!!!!!

Steve Williams Monday, August 8th 2016 at 11:07PM

Trump's plan to cut the corporate tax rate will bring jobs back to America.

Dea. Ron Gray Sr. Monday, August 8th 2016 at 11:38PM

This death tax, was he talking to you Steven?

Steve Williams Tuesday, August 9th 2016 at 9:58AM

Ron, I don't have to be someone affected by the death tax to be against it. I think it's outrageous. So yes Trump was speaking to me. Did you watch his speech Ron?

Steve Williams Tuesday, August 9th 2016 at 10:08AM

You seem to think all money is old money, that there are no self made millionaires like myself any more. I only reached 2 million, but I worked with many others without whom our business would not have succeeded, who achieved much, much more. They EARNED their money Ron and they earned the right to pass it on to their heirs.

Steve Williams Tuesday, August 9th 2016 at 10:09AM

You wouldn't have this platform if it wasn't for us.

Dea. Ron Gray Sr. Tuesday, August 9th 2016 at 2:10PM

Yes I did watch his speech and it sounds like more of Reagans Trickle Down failed policy's where all the tax breaks went to the top. Don't you remember that is how this country got into the worst recession since the depression. We have been living under this policy for over 30 years, when the corporate tax rate was over 80% and wages have not Trickle Down to the Blue collar worker yet.

What do you mean I wouldn't have this platform if it wasn't for us?

Are you saying that you are worth 2 million of what?



Steve Williams Tuesday, August 9th 2016 at 3:08PM

Ron, the economic engine was due to Reagan. Ascend Communications went public in May 1994. Clinton had nothing to do with it. Our CEO was Rob Ryan, COO Mori Egabat, CTO my boss Jenette Symons. Look them up.

Steve Williams Tuesday, August 9th 2016 at 3:13PM

Ejabat. He's Iranian. Jeanette Symons died in a crash of her private plane.

Dea. Ron Gray Sr. Tuesday, August 9th 2016 at 3:36PM

What do you mean I wouldn't have this platform if it wasn't for us?

Are you saying that you are worth 2 million of what?

Steve Williams Tuesday, August 9th 2016 at 11:41PM

I'm talking about the builders of the Internet, that you are dependent on.

Steve Williams Tuesday, August 9th 2016 at 11:46PM

P.S. Reagan was one of those builders.

Dea. Ron Gray Sr. Wednesday, August 10th 2016 at 6:50AM

Do you want to clarify what you are talking "Builders?"






Steve Williams Wednesday, August 10th 2016 at 7:16AM

Ascend Communications was an Alameda, California-based manufacturer of communications equipment that was later purchased by Lucent Technologies in 1999.

Ascend Communications was founded in 1988 and taken public in 1994. Initial investors included Kleiner, Perkins, Caulfield and Byers (KPCB); Greylock Partners; and New Enterprise Associates (NEA).[1]

Ascend Communications designed and manufactured equipment for high density dialup installations, most notably the MAX TNT, which allowed for a DS3 of dialup lines to be terminated in a few rack units. Customers such as AOL, Earthlink, and UUnet purchased over two million dialup ports worth of MAX TNT access servers during the dialup days of the internet. Many companies still use MAX TNT for dialup (look for TNT in dialup hostnames). In the mid-1990s, the company was one of the leading vendors of ISDN modems and concentrators.

Steve Williams Wednesday, August 10th 2016 at 7:25AM

I started with them in December 1991. There were about 30 of us at that time. They were bought by Lucent for 24 billion, which at that time was the biggest deal in U.S. history.

Dea. Ron Gray Sr. Wednesday, August 10th 2016 at 10:17PM

You started up with them in what capacity?

Steve Williams Wednesday, August 10th 2016 at 11:58PM

Senior Software Engineer.

Dea. Ron Gray Sr. Saturday, August 20th 2016 at 10:59PM

Is that right... WOW!!!

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