The person that I was responding to called me "a needy one, or a libtard bleeding heart. Take a look at the first sentence of my post. I said that I doubted that I was responding to the person that started this thread, which would be you.
I did watch the speech, and my first post was more about details of the speech rather than his appearance, which all the respondents were to that point. Then, I got attacked by the flat taxers.
AP fact check: How does Donald Trump's economic plan hold up? | PBS NewsHour
Trump might have changed his tone, but he still lives in his own fact free zone.
Independent government agencies have put numbers on his economic proposals, as well as Hillary's. They have projected that his plan will add between 7-10 trillion to the national debt over ten years. Hillary would add less than 1 trillion over ten years.
Reagan, Bush Sr., and Clinton all cut taxes, but they were all revenue neutral. The cut expense to offset the loss of revenue. That was Republican 101. You don't add to the debt. Trump, and Hillary didn't cut any of the existing programs. Trump is relying totally on a doubling of the GDP. That is an incredible roll of the dice.
This is for Mr. Libtard also, who mentioned the recent recovery under Obama. Things have changed with the world economy. This last recovery took time, because of changes in the world economy. Blaming Obama for the changes are just Republican talking points to the undereducated that care less about details. Production jobs in great number have left the U.S. Making the assumption that cutting taxes will put more money in people's pockets; therefore, everything will be peachy keen again.
The tax rate cuts that he is proposing are going to the wealthy. Middle class aren't going to see much more in their pockets. The tax rate cuts will benefit the upper classes you would expect coming from the advisors that he used.
He intends to cut the corporate tax for 35% to 15%. There is a real big problem there. Professional organizations (ie. attorneys, accountants, Wall Street ) have been using the LLC laws to reduce their tax burden. Instead of paying the 39.% rate as an individual, they are paying the corporate rate 35%, and get to deduct expense they wouldn't have been able to do as a private citizen. As corporations these people that add little production to the economy will have their tax rate lowered by 20% with no benefit to the economy.
Trump didn't or include in his proposal how he was going to pay for the inter structure changes he wants to make. It has been estimated that it would cost three trillion over ten years to correct. They estimated that only 1/3 of the changes made sense due to the cost.
Again given the state of the world economy, relying of an doubling of the GDP just isn't smart.
He will probably upset many countries with his renegotiations of the existing trade agreements. The trade deal were Republican inspired that backfired for the common working man, but major corporation did just fine.
I done!