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In a ‘Face the Nation’ interview
Senator Bernie Sanders is going after Donald Trump’s fan base.
When the Democratic presidential candidate appeared on CBS’s “Face the Nation” Sunday, he suggested that Trump’s supporters would be better off voting for him.
Sanders reiterated a point similar to one Obama stated last week when he accused the GOP frontrunner of exploiting working-class fears. As Sanders told “Face the Nation” host John Dickerson, “Many of Trump’s supporters are working-class people and they’re angry.” They work long hours and earn much less than their wealthy counterparts, he said, and many of their jobs are being shipped overseas to cheaper manufacturing countries.
We need policies that bring us together,” Sanders told Dickerson. Policies “that take on the greed of Wall Street, the greed of corporate America, and create a middle class that works for all of us rather than an economy that works just for a few.”
Analysis of Donald Trump Tax Plan Sees a Boon for Wealthy and Trillions in Debt
Donald J. Trump’s tax plan would benefit the wealthiest Americans the most while saddling the economy with trillions of dollars in new debt, according to an analysis released on Tuesday by the Tax Policy Center.
The proposal would cut the top tax rate to 25 percent from 39.6 percent, and bring down the corporate tax rate to 15 percent from 35 percent. It would also end federal income taxes on individuals making less than $25,000 and married couples who file their taxes jointly earning less than $50,000.
Despite the populist tone of his campaign, Mr. Trump’s plan appears to open new loopholes that would allow the well-off to shave their tax bills and could debilitate the economy as lawmakers look for requisite spending cuts. According to analysts at the nonpartisan Tax Policy Center, the cuts would mean nearly $25 trillion in lost government revenue over the next 20 years, and swell the ratio of debt to gross domestic product from about 74 percent to 180 percent.
Trump Would Slash Taxes For Top 0.1% By $1.3 Million, Add $9.5 Trillion To Debt
Donald Trump’s tax plan would add $9.5 trillion to the national debt from 2016 to 2026 and another $15 trillion in the following decade (before added interest), according to a new analysis by the Tax Policy Center. Nearly all households would get a tax cut under the plan, averaging about $5,100 in 2017. However, the benefits would be overwhelmingly skewed to the highest-income taxpayers, with those in the top 0.1 percent (who make $3.7 million or more) getting an average tax cut of more than $1.3 million.
Trump has said he’d pay higher taxes under this plan. Because the GOP presidential hopeful has not released his income tax returns, we don’t know how the proposal would affect him personally. However, it would boost after-tax incomes for those in his income class by nearly 20 percent.
In 2017, it would add $545 billion to the deficit and more than double the projected annual budget shortfall. Over the next decade, his tax plan would add more than $9.5 trillion to the national debt, excluding added interest costs. In 2025 alone, it would increase the annual deficit by $1.1 trillion. To prevent his plan from adding to the deficit that year, Congress would need to cut all projected non-interest spending by one-fifth.
We obviously give them too much money already because they end up wasting it on needless wars and military campaigns. If we eliminated our wars we could actually set the tax rate for all Americans to ZERO.
originally posted by: Surveyor7
Why should I support Sanders? What does his tax plan look like? I've heard Sanders is for more government, more welfare programs and more spending. I've seen enough government spending in the last 7 years to last me the rest of my life.
originally posted by: Metallicus
I don't support Bernie's class warfare.
I support cutting taxes for all of our citizens and then cutting expenses accordingly. The Feds need to tighten their budget. We obviously give them too much money already because they end up wasting it on needless wars and military campaigns. If we eliminated our wars we could actually set the tax rate for all Americans to ZERO.
Ponder that, sir!
originally posted by: AlaskanDad
Sanders is going to show Trump supporters why they'd be better off with him in office, having seen the anylisis of Trumps tax plan I would say Sanders is right! Out of our three leading politicians, two are running for president because the feel they deserve it, the third candidate is Bernie Sanders, who is running because he knows Hilary nor the republicans are in support of American people, the working class.
In a ‘Face the Nation’ interview
Senator Bernie Sanders is going after Donald Trump’s fan base.
When the Democratic presidential candidate appeared on CBS’s “Face the Nation” Sunday, he suggested that Trump’s supporters would be better off voting for him.
Sanders reiterated a point similar to one Obama stated last week when he accused the GOP frontrunner of exploiting working-class fears. As Sanders told “Face the Nation” host John Dickerson, “Many of Trump’s supporters are working-class people and they’re angry.” They work long hours and earn much less than their wealthy counterparts, he said, and many of their jobs are being shipped overseas to cheaper manufacturing countries.
We need policies that bring us together,” Sanders told Dickerson. Policies “that take on the greed of Wall Street, the greed of corporate America, and create a middle class that works for all of us rather than an economy that works just for a few.”
source
Now for a little more details on the Trumpsters tax plan:
Analysis of Donald Trump Tax Plan Sees a Boon for Wealthy and Trillions in Debt
Donald J. Trump’s tax plan would benefit the wealthiest Americans the most while saddling the economy with trillions of dollars in new debt, according to an analysis released on Tuesday by the Tax Policy Center.
The proposal would cut the top tax rate to 25 percent from 39.6 percent, and bring down the corporate tax rate to 15 percent from 35 percent. It would also end federal income taxes on individuals making less than $25,000 and married couples who file their taxes jointly earning less than $50,000.
Despite the populist tone of his campaign, Mr. Trump’s plan appears to open new loopholes that would allow the well-off to shave their tax bills and could debilitate the economy as lawmakers look for requisite spending cuts. According to analysts at the nonpartisan Tax Policy Center, the cuts would mean nearly $25 trillion in lost government revenue over the next 20 years, and swell the ratio of debt to gross domestic product from about 74 percent to 180 percent.
sour ce
But then we all know the rich need more free sh]i[t,
because they always go to bed hungry,
hungry for more money that is!