A Quote by Rush Limbaugh
The Democrats have so corrupted our understanding of economics and productivity that lowering tax rates is now considered to be some kind of sop to the rich. I mean, it's just profound to me, the damage inflicted on this country by the Democrats in their pursuit of perpetual power.
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Actually, Congress just did pass a tax plan like Donald Trump`s.They passed a tax plan which some Democrats voted for, significant number of Democrats which gave huge tax breaks to wealthy people and corporations.
Some are arguing that the Democrats should resist at every turn [to Donald's Trump administration], and some Democrats are saying that's the strategy that Democrats should now employ.
Tax rates aren't everything with regard to incentives to work. I would probably work at a 100% tax rate next to a nude modeling studio. I'm joking, but you know what I'm saying. There's a lot more to it than just tax rates. It's economics that I do; I don't do nude modeling studio economics. People do respond to taxes.
By keeping most tax rates at present levels, Obama and the Democrats will claim that they have championed tax cuts for the middle class.
The problem: Democrats have to drop their stupid class-warfare rhetoric. With 74 million Americans owning stock in one form or another, anything which helps them can't be derided as a sop to the rich.
In the 1980s, Democrats enthusiastically helped President Reagan pass his tax reforms, which made the tax system fairer and more efficient in addition to reducing rates.
The Democrats - Democrats on board, the Congress said tax policy.But their tax policy was pretty bad, that added $800 billion to the deficit.
When the Democrats are attacked for [inciting class warfare] they shrink back. They don't say what obviously should be said, "Yes, there is class warfare. There has always been class warfare in this country." The reason the Democrats shrink back is because the Democrats and the Republicans are on the same side of the class war. They have slightly different takes. The Democrats are part of the upper class that is more willing to make concessions to the lower class in order to maintain their power.
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.
I can't see the Democrats working with Donald Trump on tax reform unless the rich get soaked. The thing about this that should be worrisome is that if this alliance happens, if they're not bluffing, if they're serious, and if my scenario gets close, it's not gonna be the Democrats adopting Trump's agenda. It's gonna be the other way around.
Admittedly, no Republican can get elected statewide in California anymore, but nor can what we think of as, nationally, the Democratic Party. There are no Joe Bidens running; it is not working-class Democrats vs. liberal Democrats, or whatever their division is these days. It is Hispanic Democrats vs. Asian Democrats.
[Mark] Lilla is a professor at Columbia University in New York, and he has waded into the debate about what Democrats and liberals should do now. Some Democrats answer nothing.
When the Democrats start targeting the rich, they are also targeting the people that hire you, and if they take enough money away from them, you might lose your job - and you're supposed to be happy about that, too, because the rich guy just had his taken from him. This is not arguable. This is how the Democrats go about it.
The Democrats have been there for working people in our country. That's who we are, trickle-down vs. middle-class economics. That's the major difference between the parties.
When we`re done simplifying the tax code, getting the lobbyist carve outs our of the tax code, lowering our rates and letting people have a simple system, most Americans will be able to fill out their taxes on a postcard.
The Democrats and Republicans need to come together. I've criticized Democrats for their unwillingness to address entitlement reform and Social Security and Medicare. Republicans, on the other hand, never saw a tax that they liked, even when it meant closing tax loopholes. They don't want to in any way support any revenue enhancements.
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