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Trump Expands Position on Tax Cuts

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Trump represents the Republican party.  In an interview when recently asked he responded with his perceptions on tax cuts and his overall view of the financial matter in the year.

Donald Trump believes and wants major tax cuts.  Mr. Trump has a proposal in place that will hopefully give a massive tax cut.  Mr. Trump further explained that it is a negotiation process, and there will be some taking and giving.

These recent statements have sparked more interest to the public, and Donald Trump tries to clear that up during his interview, so there is no misunderstanding. Donald Trump counters to what the Democratic parties believe.

Although Mr. Trump believes in these tax cuts he understands that is will be an intricate proposal that he will intermix in the negotiations.

The Democratic party believes in increased interest in tax rates amongst the wealthy.  Mr. Donald Trump advocates extracting the interest and giving tax breaks to the higher income people.  Mr. Trump explained that his focus will be on business and the middle income.

Mr. Trump has stated that the United States has the highest in Corporate Tax rates on the planet.  He believes that simplification would be a useful technique.

Mr. Trump has made it clear that we must proactively understand especially when we look at our Tax returns.  He believes our lack of understanding has led to frivolous circumstances.

Buying back debt is what Mr. Trump thinks as a viable option.  He believes in buying the debt at a cut rate. If we make good deals, Mr. Trump agrees that these are good opportunities and are options to be back in the market.

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Mr. Trump continues to advocate the he is a low-interest rate person.  If inflation were to arrive then, we must adhere to the increase accordingly.  He believes that raising interest rates will slow the inflation down.

Although there has been tension as to Mr. Trumps opinion on the Chairwoman Janet Yellen, he still has respect for the Federal Reserve Chairwoman.
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Mr. Trump has explained that our economy is not doing well, and if we were to raise interest rates, it will worsen the economy and have an adverse effect.

Contrary to others in the position.  Mr. Trump supports the dollar maintaining and not going up.  He believes that the dollar raising up in value would not be an efficient way of dealing with the economy.

Currently, Mr. Trump has Advisors and lawyers who represent him on Tax Rates.  Mr. Trump desires to that his position is understood when it comes to the Debt section of his proposal.

Mr. Trumps Current Views

  • Willing to compromise on tax decreases but does not want to change the terms of the debt of the nation.
  • Believes that the bonds are Sacred.
  • Open to purchasing back treasury notes if interest rates increase

 

  • Contrary to other Presidents believes that the dollar value rising is not a good thing while others believe in a high dollar.

He also desires the decrease of tax on the high-income homes and trading.

Mr. Donald Trump has proposed on lowering tax rates in Millions of households and reducing the federal tax to approximately $10 trillion over the coming years.

Flexibility is a key to Trumps believes.  He believes in remaining in a position of continued flexibility.

Mr. Trump has been using his experience as a business person when dealing with policy.  Mr. Trump maintains a strong belief that it’s necessary to negotiate with plenty of individuals.

Competitor and Democratic nominee Hillary Clinton believes that Mr. Trump has a lack of focus on his plan and is not accurate.  Mrs. Clinton thinks we should examine the policy proposals and see it’s inconsistencies.

Mr. Trump proposes on cutting the Top Tax rate on earnings and income of business to 15%.  Also, offer to reduce tax wages to 25%.

Detractors of Trump’s proposal claim that it is full of risk and imprudent.  Estimates from the Tax Foundation were conducted reflecting that the plan would increase budget deficits and increase income to high-income households.

Trump does not believe in those studies, and it’s results.  Trump idealizes to bring tremendous business to the United States.

To clarify his stance, Mr. Trump was interviewed Monday and replied with his willingness to compromise.

Mr. Trump has an appointment to meet with the Speaker of the House Paul Ryan in hopes to comprehend Mr. Trumps Tax Cut Proposals.  There has been some response from Mr. Ryan stating he would step aside as chairperson Mr. Trump desired that.

 

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