No doubt he has some policies that I would endorse. But I do not like the idea of them being administered by Trump, nor anybody he appoints.
It seems that there is a clear definition of highish: itemized deductions.
If you itemize, a tax deduction will likely help. If not, not.
A more nebulous term is “tremendously”. Really? Your milage may vary but 25%, while certainly noticeable, isn’t tremendous to me. Now a tax credit OTOH… 100% is pretty tremendous to all concerned.
I noted that nbc stories on trump tonight go counter to preported right wing supporters.
- Backing off Hillary prosecution
- Open minded about climate change, instead of trashing the concept
- Disavowing the alt right groups
The fourth was continued talk about doing away with tpp. I’m not sure how the right or left supports or doesn’t on this.
I should also ask if rabid trump supporters will ever be compelled to decide they don’t like his policies. I tend to think there is more religious conviction from this group for support of his policies regardless of what he does, than religious conviction against him regardless of what he does.
Note that in his proposed tax plan, Trump has greatly increased the standard deduction (a factor of about 2.5 increase). So, many fewer (richer) people will be itemizing if his tax plan as a whole passes.
That’s a policy that I think is a good idea. Increase the standard deduction, and many people will save many hours not tracking receipts for things. It also makes the mortgage interest deduction do a lot less, and basically any economist will tell you that the mortgage interest deduction is a bad idea that is effectively a transfer from renters (poor) to homeowners (rich).
He’s also proposed a cap on itemized deductions. Another good idea.
The rest of his tax plan is mostly just cut taxes on the very richest, so on the balance it’s terrible. But it’s not like every idea in it is bad.
Given my opinion as to Trump’s trustworthiness, I hadn’t looked at his tax plan. Some of what you say sounds quite good. Given my opinion of him, I have no faith he will actually propose those ideas nor get them through congress. But some good ideas never-the-less.
It makes me wonder a bit about Trump’s pre-election situation. No one, including him, thought he could win. So it freed him up to propose good ideas (and bad ones) that would otherwise never have passed the committee filter of a campaign. Kind of like the founding fathers that wrote the US constitution. They were sent into a locked room (locked by themselves but closed nevertheless) by states that just wanted a few tweaks. Since they had no-one looking out for their own interests looking over their shoulder, they came up with a radical and it has been proven a durable new form of government. Not something they would have been able to do if the public and their sponsors believed there was a chance that the ideas would actually be implemented.
They will be big, beautiful camps. Great camps. Very classy. Nobody builds internment camps better than Trump, believe me. And he will build them very inexpensively.