Mary Jane Newell's proclamation!

View previous topic View next topic Go down

Mary Jane Newell's proclamation!

Post by T on Sat Apr 30, 2016 9:49 am

He (Trumpery) will restore our faith and pride in an America that is the greatest country in the world and he will not apologize for that truth.

Mary Jane Newell, Oxford, ME

SJ Link

****************************************************************************************************************************

So, let's break this down and see if Mary Jane Newell knows what she's talking about, or if she's been drinking a little too much Kool-Aid.  whistling

Let's start with taxes.



*********************************************************************************************************************************

Trumpery has pledged to balance the budget in ten years.

Among his many tax proposals, Trumpery has proposed reducing tax brackets, increasing the Standard Deduction, maxing the capital gains tax at 20%, eliminating the AMT, eliminating estate/gift tax, and reducing corporate taxes to 15%.

Independent, non-partisan analyses of Trumpery's key tax proposals found that the national debt would increase between $11 and $15 trillion over the next 10 years.

Independent, non-partisan analyses of Trumpery's key tax proposals found that the U.S.'s debt-to-GDP ratio would increase 115% to 140% of GDP over the next 10 years.

A detailed analysis by the conservative Tax Foundation concluded that Trumpery's tax plan would increase the after-tax incomes of the wealthiest by an average of more than $1.3 million a year and significantly lower taxes for all wealthy people (the one-percenters).

A Citizens for Tax Justice analysis determined that under Trumpery's plan, the poorest 20% of Americans would see a tax cut averaging $250, middle-income Americans would see an tax cut averaging just over $2,500, and the wealthiest 1% of Americans would see a tax cut averaging over $227,000.

Trumpery has pledged to not cut Social Security or Medicare.

Trumpery has pledged to increase defense spending.

Trumpery has pledged to enact tax cuts that would lose $9.5 trillion of revenues over the next ten years.

It is mathematically impossible to fulfill all of these pledges.

Trumpery would need to cut spending (excluding Social Security, Medicare, and defense as promised) by 114 percent to make his budget balance.

Impossible

Trumpery's tax plan is fantasy.  It's not gonna happen.  If any part of it were implemented, it wouldn't help the majority of us.

Some say, with Trumpery, we can "grow our way out of debt".  That's not impossible, but would require growth rates never seen before in the history of our country.

Trumpery: "I will be changing very rapidly. I'm capable of changing to anything I want to change to."  

Remember that Mary Jane Newell, Trumpery really doesn't "think like us". He's only telling you what you want to hear.

Maybe Mary Jane Newell needs a Kool-Aid "Narcan".

T

Number of posts : 3085
Registration date : 2008-06-23

View user profile

Back to top Go down

View previous topic View next topic Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum