HOW DONALD TRUMP’S TRANSFORMATIONAL TAX REFORM PLAN HISTORICALLY FAVORS HIS REELECTION

 
 
 
 
 

 MIDDLE CLASS AMERICANS WHO SUFFERED GREATLY DURING THE OBAMA YEARS 

when Wall Street prospered while Main Street languished  couldn't give a damn how much President Trump's tax reform plan (once its finalized) may or may not benefit him personally. If it supercharges the economy boosting growth, productivity, wages and good paying jobs  improving their lives and reversing their decade long decline then the 30 states that made Trump president will vote for him again - and this time Michigan won't be won by a hair. 

 

It's a fact that historically presidents have benefited politically from huge tax cuts: In 1924 Calvin Coolidge clobbered Democratic challenger John Davis following massive slashes in taxes, spending and regulations that ended the Wilson Depression and unleashed the Roaring Twenties (see). 40 years later in 1964 President Johnson trounced GOP challenger Barry Goldwater in a 44 state landslide; this followed the implementation of JFK's top to bottom across the board tax cuts that more than doubled GDP from the Eisenhower years (see). In 1984 President Reagan crushed challenger Walter Mondale in a 49 state sweep after making deep cuts in everyone's taxes that ended double-digit unemployment and inflation - the worst recession since the Great Depression (see). Moreover, in 2004 George W. Bush defeated challenger John Kerry in a somewhat close race due to tax cuts which ended the recession caused by 9/11 and Clinton's dotcom market crash (see).

Ironically, Barack Obama in 2010, reneging from political necessity on a campaign pledge, extended ALL the hated Bush tax rates for a period of two years. By preventing Bush's rates from expiring Obama due to a weak recovery from the Great Recession (that lost his party the House) very likely prevented a double dip recession and the loss of his presidency to Mitt Romney.

Indeed, though the US economy under Donald Trump is improving without tax cuts, due mostly to the elimination of growth killing Obama era regulations (and markets, businesses, consumers and the Fed anticipating better times ahead) what happened before going back to Coolidge and three other presidents is likely to happen again: the transformational reform our tax system will win Trump a second term. Now the Congress must do its job and pass his plan for making the middle class prosperous and great again.

 Obama Signs Bill To Extend Bush Tax Cuts - CBS News

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23 thoughts on “HOW DONALD TRUMP’S TRANSFORMATIONAL TAX REFORM PLAN HISTORICALLY FAVORS HIS REELECTION

    1. Who will be the first to say, “DOA” McCain, Flake, Collins, Paul, Cruz, Murcowski? Take your pick. Let’s have a poll

    2. The Dems will block it with everything they got. McPain will denounce it, the bitches from Maine and Alaska will say they won’t support it.

      The rest of the GOP will run away to their safe spaces…………….

    1. Any chance the GOP removes the NFL tax breaks and tax exempt status?

      It’d be about time. They clearly don’t appreciate it, after all.

      1. “Fair” Tax = sales tax which is applied to saved money already (incometaxed) taxed.

        Whoops! Talking without knowing = poster look foolish.

        You need to go read up on the details. It is rather complicated and A LOT would have to happen. Transition could be pretty tough. There are some challenges to having it and restricting anything else, for sure. But if fully implemented as it is written and intended, it would be GREAT for this country.

        1. The hardest thing is, we don’t have the courage to take that leap. And the government certainly would not let go of the power that is taxation.

  1. Wall Street lobbyists are speed dialing their favorite congresscritters from both parties, telling them to sabotage this by any means necessary. But middle class wage earners and small businesses would benefit from Trump’s plan, as would the whole economy.

  2. Everybody (rich, poor middle class) should pay a positive amount into the system so they can see exactly what they are getting for their taxes.

    1. I’m with you. EVERYONE needs to be vested in a system which reflects real world consequences for their ballot choices.

  3. Just end the federal income tax and go back to tariffs.

    And cut FedGov down to whatever size that implies.

    It worked great from 1787 to 1913. No reason it won’t now.

    1. House Speaker Paul Ryan., said. “This is our best opportunity in a generation to deliver real middle-class tax relief, create jobs here at home, and fuel unprecedented economic growth.”

      It’s our best opportunity to do many things, but the do nothing idiot RINO’s just sit on their hands.

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