Taxes in America has always eaten away at the wealth of middle and lower class families.
Reducing or eliminating deductions and loopholes available to the very rich, starting by steepening the curve of the Personal Exemption Phaseout and the Pease Limitation on itemized deductions. The Trump plan also phases out the tax exemption on life insurance interest for high-income earners, ends the current tax treatment of carried interest for speculative partnerships that do not grow businesses or create jobs and are not risking their own capital, and reduces or eliminates other loopholes for the very rich and special interests. These reductions and eliminations will not harm the economy or hurt the middle class.
The New Deal
We will impose high taxes on corporations who take their businesses to other countries but we will also give tax breaks to corporations who increase salaries for their workers and keep their businesses operating in the United States.
I believe in an America where hard work is rewarded, so instead of offering tax breaks to companies shipping jobs overseas, we offer them to companies creating jobs here at home.
Use Of Tax Money
If Americans are being forced to give their the money to the government, then it’s the government’s obligation to use that money to create programs that will benefit the people. Programs such as free access to public health care and treatment facilities, limited public welfare assistance, city parks, quality exercise, and activity facilities should be ready.
We will chart a path to relinquish people from government dependency, and force them to take personal responsibility for their own future.
Furthermore, let’s dedicate ourselves to a new kind of politics. A politics of conscience. One where tax monies being paid will be used for the benefit of all working families.
We must put Americans back to work and start using tax monies to create programs that benefit all Americans.
I support President Trump’s tax plan and will continue to push for greater future tax reform.
God Bless you, and God Bless the United States of America.