A Quote by Stephen Moore
Under the Trump tax plan, we are no longer going to subsidize big government in blue states. Now those who choose to live in blue states are going to have to join with their neighbors, collect their pitchforks, and demand tax and spending cuts from city hall and the state capital.
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President Bush says he now wants to simplify the tax code. Only those in the blue states will pay.
One of the tax systems in the US is for wage earners. The government takes money from them out of each paycheck - so it knows how much they make, and those workers can't cheat to any significant degree. But the other tax system is for capital. Those with capital get to tell the government what they want to tell. They may get audited, but if their tax returns are of any size the government doesn't have enough of the smart auditors to figure out what's really going on. And there are the rules that allow you to do things like take in money today and pay taxes on it thirty years from now.
In high-tax New York, in high-tax California, the governors of those states are constantly offering tax breaks, tax exemptions to any number of companies if they will locate in those states. The left does it all the time. We point it out every time we learn about it because it's hypocritical.
No one making less than $250,000 under Barack Obama's plan will see one single penny of their tax raised, whether it's their capital gains tax, their income tax, investment tax, any tax.
There is an old adage that the quickest way to drop your tax take is to increase taxes. If capital gains tax is going to be 50 percent, my contingent capital gains tax is going to be 250 million pounds.
Trump himself stands to benefit dramatically from the tax cuts. One of the things they're cutting is the alternative minimum tax. Last time we have tax returns for him was in 2005, where he paid about $31 million because of the alternative minimum tax. He won't have to pay that, if this tax bill goes through. So, not only is he reordering our constitutional democracy, he is personally enriching himself - which is not new, because, of course, he's done it ever since he swore an oath to become president of the United States.
People that live in the Northeast are leaving the Northeast for a whole host of reasons. They're relocating in Southern states and Midwestern states - no-income-tax states, milder climate states - and it's affecting the balance of power in those states.
Let's take the nine states that have no income tax and compare them with the nine states with the highest income tax rates in the nation. If you look at the economic metrics over the last decade for both groups, the zero-income-tax-rate states outperform the highest-income-tax-rate states by a fairly sizable amount.
I ALWAYS HAVE DONE WELL HOWEVER IN BLUE STATES AND RED STATES. IVE NEVER REALLY ALIGNED MYSELF WITH ALL THAT RED STATE BLUE STATE DR. SUESS CRAP BECAUSE WERE ALL AMERICANS AND WE ALL LIKE TO LAUGH.
The [Donald] Trump plan would increase the national debt a little over a $1 trillion a year, the Trump plan would reduce taxes at all income levels with, of course, the biggest tax cuts going to the richest taxpayers as they always do.
There are 11 states in the United States that in the last 50 years instituted an income tax. So I looked at each of those 11 states over the last 50 years, and I took their current economic metrics and their metrics for the five years before they put in the progressive income tax... Every single state that introduced a progressive income tax has declined as an overall share of the U.S. economy.
A carbon tax by itself would make driving more expensive, that's very true. But in exchange for that, there are going to be more jobs, more output, more employment, and more products available. So really, as long as you're going to collect the revenues you're going to collect, you're going to have to trade off one tax for the other.
We worship an awesome God in the Blue States, and we don't like federal agents poking around our libraries in the Red States. We coach Little League in the Blue States and have gay friends in the Red States.
I think what the Fed fears is that, if Donald Trump gets big tax cuts and big spending increases that take effect right now, when the economy is close to full employment, they will have to raise rates more rapidly.
It's wasteful spending like this that not only forces tax increases and cuts in vital services... but also really make you wonder: who is City Hall looking out for?
You tax Mexico? The president of the United States is going to tax Mexico to get a wall for the United States of America? I'm pointing out the absurdity of a lot of these comments.
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