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Monday, May 9, 2016

Billionaire Trump backs tax on 1%, burns ‘ungrateful’ Romney in endorsement row...

May 9, 2016
As last man standing in the race to become the Republican presidential nominee, Donald Trump has said he wants to tax the country’s rich, but conveniently expects Democrats to ruin his plans. 
Trump wants to reform the current US tax system to include only four brackets and eliminate income tax for 75 million households – individuals who earn less than $25,000, and families who collectively take home less than $50,000.
As part of his quest for the White House, the Republican also intends to reduce the highest tax rate of 39.6% – which he himself pays – to 25%.
However, in an appearance on NBC’s Meet the Press program on Sunday, Trump appeared to try to distance himself from suggestions that his policies might stuff the pockets of the rich even fuller.
“For the wealthy, I think frankly it is [taxes] going to go up, and you know what, it really should go up,” he told NBC’s Chuck Todd, while defining “wealthy” as someone with a similar income to himself.

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