A Quote by James B. Stewart
Like or loathe Donald J. Trump, you have to give him this: He's done more to shine a spotlight on the loopholes and fundamental unfairness of the tax code than any other American president.
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The tax code is very inefficient. Both the personal tax code and the corporate tax code. By closing loopholes and lowering rates, you could increase the efficiency of the tax code and create more incentives for people to invest.
If you can clean up the cesspool of the tax code and give us a pro-growth tax code, that is how you grow the economy. That`s how you take power and money out of Washington and give it back to the people and we are so excited. We have a president [Donald Trump] that is here to work with us in doing that.
Tax reform for the 21st century means rewarding hardworking families by closing unfair loopholes, lowering tax rates across the board, and simplifying the tax code dramatically. It demands reducing the tax burden on American businesses of all sizes so they can keep more of their income to invest in our communities.
Now, do I think the tax code should be simplified? Absolutely. Will Donald Trump do away with things like this? He probably is better positioned than anyone to figure out how to do away with it, because he understands the tax code better than anyone else.
I guess Trump is joke-worthy more than ever because he's the president. I think Donald Trump being president is more about where the country is at as opposed to it actually being about Donald Trump. It feels like going to couples therapy and really finding out how your other half feels.
The 9-9-9 plan would resuscitate this economy because it replaces the outdated tax code that allows politicians to pick winners and losers, and to provide favors in the form of tax breaks, special exemptions and loopholes. It simplifies the code dramatically: 9% business flat tax, 9% personal flat tax, 9% sales tax.
Now, the president would like to do tax reform, which would obviously lower rates for most people in America and make the tax code fair and get rid of loopholes and special treatment. But absent tax reform, the president believes the right way to get our fiscal house in order is ask the wealthy to pay their fair share.
In my mind, there's no question that Donald Trump has energized the Latino community more than any other presidential candidate. Unfortunately for him, he's done that in a negative way.
Donald Trump must give the American public his tax returns to show that he's qualified to be president and he's breaking his promise.
Some Americans question Donald Trump's legitimacy as president. Others are angry any questioning occurs. Let's not forget that one of Donald Trump's claims to fame was precisely such questioning. He openly doubted the legitimacy - more than that, the citizenship - of President Barack Obama.
Donald Trump is the first president in more than 40 years not to make his tax returns public. The president says only reporters care about the issue.
I know we disagree with Mr. Trump on this area. I'm hopeful that we can convince him that making our tax code more pro-growth will make America stronger, but to do that, it's not enough to simply buy American: we need to sell American all throughout the world.
If you're a wealthy heir with a trust fund, and you sell stocks, make your 10% gains since Donald Trump, and then you buy other stocks, you can avoid paying taxes. And if your accountant registers your wealth offshore in a Panamanian fund, like Russian kleptocrats do - and as more and more Americans do - you don't have to pay any tax at all, because it's not American income, it's foreign income in an enclave without an income tax.
I think it's what animates our president-elect [Donald Trump] more than anything else, is a belief in the boundless potential of every American to live the American dream.
As chairman of the tax-writing House Ways & Means Committee, I continue to be inspired by President Reagan's 1985 national address to the American people as he challenged them to join him in boldly reforming the broken, complex tax code.
Thanks to NBC News and thanks to the NBC primetime TV network, Donald Trump has been in living rooms for 11 years being who he is. The Donald Trump running for president is not an unknown quantity. The Donald Trump running for president is the Donald Trump everybody's gotten to know, and quite a lot of people watch those Donald Trump TV shows, The Apprentice and whatever else on there.
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