Trump on his tax plan: ‘Zero rate’ for some

28 Sep 2015 | Author: | No comments yet »

Donald Trump: Journalists Are Among The Worst People I Know.

The plan, which Trump is set to release on Monday morning, will increase taxes on the nation’s wealthiest citizens. Washington – 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 US taxpayers would have a zero rate if he wins the White House.During a Sunday interview with Scott Pelley on 60 Minutes, the GOP presidential candidate said some of the media are “among the worst people I’ve ever met.” “I mean a pretty good percentage is really a terrible group of people,” Trump said. “They write lies, they write false stories. That would be the first time in recent memory that a major Republican candidate called for a significant tax increase on any segment of the population.

The Republican presidential candidate, who is leading in early polls, plans to release his tax proposal at a news conference Monday morning in New York, but he shared some details during the interview on the CBS News program. Trump said that he wants to provide “a substantial reduction for the middle-income people” because they are “being absolutely decimated,” and he said he wants to reduce corporate income taxes to encourage companies to grow and create jobs.

And frankly I don’t call it thin-skinned, I’m angry.” Trump said he has no problem with “fair” stories that paint him in a bad light, but for the most part, that has not been happening on the campaign trail, he said. “Again, if people say things that are false which happens a lot with me — if people say things that are false I will fight, like, harder than anybody,” Trump said. “If I do something wrong, and that happens, and they write a fair story that I did something wrong, there’s nothing to fight about. Rather than actively target them now, he said the U.S. should let the Islamic State and President Bashar al-Assad’s forces fight between themselves, then come in after. And that’s something I haven’t told anybody.” Pelley then pointed out that the federal debt is $19 trillion and asked how the nation could afford those sorts of tax cuts. What the hell do we care?” After talk of possibly turning over the role of destroying ISIL to Vladimir Putin’s Russian government, Trump’s primary focus appeared to be centered on combatting ISIS in Iraq. Trump said the numbers will work out as long as “the economy grows the way it should grow, if I bring jobs back from China, from Japan, from Mexico, from so many countries.” Trump said the United States also must heavily tax imports, especially those from Mexico and Japan.

Besides military/defense issues, Trump’s television appearance Sunday night touched on a variety of other topics, including his announcement that he intends to offer the specifics of a tax plan this week. 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”. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles.

A statement sent out by the Trump campaign said that a “major beneficiary” of the plan would be corporations and “job producers.” The release hinted that Trump would allow corporations to bring money they have made overseas to the U.S. tax-free. The announcement also said that Trump “understands business incentives and taxes better than perhaps anyone that has ever run for office.” The statement did not say whether the candidate was being braggadocious.

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