Tuesday, September 01, 2015

Oh, you mean Establishment Republicans are corrupted by Wall Street.

August 31, 2015
By Alan Rappaport

WASHINGTON — For years (click here), Republicans have run for office on promises of cutting taxes and bolstering business to stimulate economic growth, pledging allegiance to a Reaganesque model of conservatism that has largely become the party’s orthodoxy.
But this election cycle, the Republican presidential candidate who currently leads in most polls is taking a different approach, and it is jangling the nerves of some of the party’s most traditional supporters.
The tendency of that candidate, the billionaire developer Donald J. Trump, to make provocative, headline-grabbing speeches has helped obscure an emerging set of beliefs: that he would raise taxes in certain areas, particularly on corporations that he believes do not act in the best interests of the United States.

In recent weeks, Mr. Trump has threatened to impose tariffs on American companies that put their factories in other countries. He has suggested he would increase taxes on the compensation of hedge fund managers. And he has vowed to change laws that allow American companies to benefit from cheaper tax rates by using mergers to base their operations outside the United States....

Donald Trump is going forward unafraid with his campaign. I congratulate him on calling for the taxes the USA Treasury requires. Many people that actually know something about governance knows the taxes have to be increased to reduce the national debt. 

From Mother Jones:

June 9. 2015
By Kevin Drum
 
It's hardly surprising (click here) when Democrats criticize Grover Norquist, the godfather of the anti-tax movement. But following like sheep behind Norquist's demands to lower taxes always and everywhere has gotten states in so much trouble that even some Republicans are now begging him to be a little less obstinate. Sadly for Louisiana, Norquist is having none of it:

A group of self-described "conservative" Republican state representatives took their complaints to Norquist himself, asking him to give them some wiggle room on raising taxes and to shoot down some Jindal-backed legislation that they say would set a "dangerous precedent" in how government could mask revenue hikes....

Any form of government in the USA is established through taxation. It is impossible to continue to cut taxes to ZERO. Even Republicans are recognizing the Norquist tax pledge is corruption when realizing taxes are required to actually govern.