Do All of Trump’s Strategists Favor Tax Cuts for the Wealthy?

trumps_tax_strategies_favor_rich

There’s no secret that Republican lawmakers want to lower tax rates for the wealthy. However, there are new reports that someone very close to President Trump is looking at raising the tax rate for the nation’s highest earners. It might come as a surprise, but according to multiple reports, White House Chief Strategist Steve Bannon reportedly favors a 40 percent tax rate for the highest bracket.

However, this report, like most others in Washington right now, is a case of “it depends on who you ask.” Two weeks ago reports surfaced, including one by Fox News, that Bannon was actually advocating a tax hike on the wealthy in order to help fund a large tax cut for lower- and middle-income taxpayers.

Reports stated that Bannon wanted to see a “4” in front of the rate for those in the highest bracket. This would affect any individual making more than $418,000 or couples earning more than $470,700. But, new reports surfaced just last week refuting that claim.

According to Treasury Secretary Steven Mnuchin, he has never heard Bannon say that. He says it’s simply the media reporting false news. Mnuchin also said that the White House does plan to release its plan to reduce deductions and lower taxes by September of this year.

Posted in

Episode 24 The Proposed Inflation Reduction Act

This week we talk about: The proposed Inflation R…

Episode 23 The Chips Bill is Set To Clear

This week we discuss how Senate Democrats are pur…

Episode 22: Joe Manchin Blocks The Build Back Better Bill Again

In this episode we cover, how Joe Manchin blocks The Build Back Better Bill again, Hungary wants to be left alone, more proposed Low Income Housing Credits, and the 3.8% tax expansion proposal is criticized by the real estate industry. Tax Update with Ron · Episode 22, Joe Manchin Blocks The Build Back Better Bill…

Exciting American Dreams Show News, The First Book!

Exciting American Dreams Show News, The First Book!

I have some exciting American Dreams Show news. The host, Alan Olsen has written the first book based on the AD interviews!  Other books have cited one or more of the interviews, but this one goes into far more details.  Below is a letter from author himself describing the book… From Alan… Dear Friend, I…