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Originally Posted by Guest
I guess now that the Obama admin has doubled the national debt the annual deficit should be interesting, but still doable. Balancing the budget is one thing, but lowering the national debt means you need a surplus and that hasn't happened since Eisenhower. He was the only president to lower the national debt a bit, in my lifetime. So, can Trumps tax plan work? I guess if he is going to give anyone below $50K a pass, then he will have to tax the heck out of the wealthy. And to tax anyone more than anyone else, percentage-wise, would be construed as discrimination according to the constitution. It would be interesting to see what the Supreme court would say about unfair taxation by discrimination between achievers and non-achievers.
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A lot of the debt incurred by Obama is a direct result of what he was handed. Remember Romney quote, "47% of the people don't pat taxes." Trump is giving very little, if anything, to people making less than $50,000.
To tax anyone more than anyone else would be construed as discrimination according to the constitution. That is about the most inaccurate statement ever posted here. Different tax brackets have been in place, since at least the 50's. The top tax bracket under Ike was 90%. No one in the top bracket has ever brought a case that would make it to the Supreme Court ever.