Democracy Gone Astray

Democracy, being a human construct, needs to be thought of as directionality rather than an object. As such, to understand it requires not so much a description of existing structures and/or other related phenomena but a declaration of intentionality.
This blog aims at creating labeled lists of published infringements of such intentionality, of points in time where democracy strays from its intended directionality. In addition to outright infringements, this blog also collects important contemporary information and/or discussions that impact our socio-political landscape.

All the posts here were published in the electronic media – main-stream as well as fringe, and maintain links to the original texts.

[NOTE: Due to changes I haven't caught on time in the blogging software, all of the 'Original Article' links were nullified between September 11, 2012 and December 11, 2012. My apologies.]

Tuesday, September 29, 2015

Donald Trump Previews His Tax Plan: Many Taxpayers 'Will Have A Zero Rate'

WASHINGTON, Sept 27 (Reuters) - Republican presidential front-runner Donald Trump said in an interview that aired on Sunday on the eve of the unveiling of his tax plan that a "large segment" of U.S. taxpayers would have a zero rate if he wins the White House.

Trump's campaign has scheduled a news conference for 11 a.m. (1500 GMT) on Monday in New York to announce a tax policy it said would offer "a major tax reduction for almost all citizens and corporations, in particular, those in the middle and lower income classes."

Pressed about the specific numbers during an interview on CBS' "60 Minutes" on Sunday, Trump said: "I will say this, there will be a large segment of our country that will have a zero rate, a zero rate. And that's something I haven't told anybody."

Trump added he was talking about "people in the low-income brackets that are supposed to be paying taxes, many of them don't anyway."

Saying the middle class was "being absolutely decimated," Trump promised middle-income earners would get a substantial tax cut under his plan. He added his corporate tax reduction would be "a great incentive" for companies.

Asked on whom he would increase taxes, Trump, a billionaire real estate mogul, said: "Some very wealthy are going to be raised. Some people that are getting unfair deductions are going to be raised."

"I'm a pretty good Republican," added Trump when asked about the party's general opposition to tax increases. "But I will tell you this, I do have some differences. I don't want to have certain people on Wall Street getting away with paying no tax."

In an interview last month on CBS' "Face the Nation," Trump said that under the current tax system, many hedge fund managers were "getting away with murder" by not paying their fair share of taxes.

His overall tax plan, Trump told "60 Minutes" was "going to be a tremendous incentive to grow the economy and we're going to take in the same or more money." (Reporting by Peter Cooney; Editing by Eric Walsh)

Original Article
Source: huffingtonpost.com/
Author: Reuters

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