As part of his presidential campaign Donald Trump has proposed eliminating taxes and lowering the rates for the higher income individuals. This would apply to any single person who is earning less than $25,000 or for couples that earn less than $50,000 a year. This plan will also benefit the more wealthy because it will lower the higher income rate from 39.6% to 25%. It will also benefit businesses because it will lower their tax rate. Trump hopes that the plan will grow the economy at a quicker rate.
I think that this plan would benefit the country greatly. Why tax people who can't pay? To me it seems pointless. The majority of America can barely pay their bills, I understand that the government needs money but why tax the poor the same as the rich? This can relate back to when Great Britain would tax the colonists for things like stamps, sugar, and tea.
http://www.fox4news.com/politics/25704485-story
you forget its also subsidizing the rich which significantly lowers government tax revenue. Paired with our countries debt it doesn't help us reduce the deficit. I'm fine with tax incentives to encourage companies to keep operations here and support small businesses. But we should close loopholes that large corporations use to avoid the taxes in the first place.
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