Trump: Titan of Corporate Tax Cuts

Sunday, September 25, 2016
By Paul Martin

By David Haggith
TheGreatRecession.info
Sept. 24, 2016

Trump’s corporate tax cut is supply-side stimulus I could agree with if done right, even though it primarily helps the rich. Trump wants to cut the top corporate tax rate from its current 35% to 15% (which is currently the bottom bracket in US corporate income tax structure). That makes the Trump corporate tax cut the largest of its kind in the history the United States.

That could provide significant economic stimulus on the supply side but only if we learn from past mistakes. Unfortunately, I see no evidence in the Trump plan that we’ve learned anything from our supply-side mistakes; and I wish I could because I want to see Trump prove to be a strong anti-establishment candidate as much as I know readers on my blog do.

As I’ve said in recent articles, I don’t have to like the arrogant man to hope that his arrogance will, at least, give him the courage to stand against the tide; but I’m afraid that kind of courage doesn’t have any endurance and ultimately tends to go with the flow.

I do myself no good at all by writing against a candidate that I am sure a majority of my readers are investing their hope solely because they need something to hope for, and that hope certainly isn’t going to be found in Hillary. (I spend less time writing about her only because everyone knows she is totally sold out to the wealthy establishment. Trump is more of a mystery rich man that appears to be for the common man.) My blog is a strongly anti-establishment when it comes to economics, so I’m fairly sure my readers lean heavily toward the only anti-establishment candidate left in the race.

I wrote in my previous article that Trump’s income-tax and capital-gains-tax strategies are the biggest gift ever offered to the one-percenters in the US economy. I don’t like having to say that, but it is sadly the truth. With these corporate tax cuts, Trump hits the ball out of the park for the third time on behalf of the Wall Street team. The trio of tax cuts plus his massive estate-tax cut adds up to a grand slam for the one percenters.

Does any court even care that we ignore the constitution?

The Rest…HERE

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