Politics STEVE BANNON PUSHING FOR 44 PERCENT MARGINAL TAX RATE ON THE VERY RICH

This is Steve Bannon's idea....and it's not law....Trump's camp has to make up for lost revenue somehow...I'm guessing this is Bannon's damage control...Trump did say he'd cut taxes on the wealthy in half.....now, he has to backtrack....his budget doesn't add up..there's a pattern to this sort of backtracking don't you think?

 

Who exactly claimed this? Tax cuts for the rich were part of his campaign promise....during his campaign he said he'd lower it to 15 percent...which was never going to be possible anyway......my guess....he's overspending and has to make it up somewhere

 

You're confusing Trump with Warren Buffett

 

from 2016
http://www.nola.com/politics/index.ssf/2016/11/trump_promises_tax_cut_on_weal.html

 

Bannon wants this tax on folks who make over 5 million a year....safe to say folks who make 1-4 million a year are rich....

 

Explains why he paid zero dollars in tax for so many years and refuses to release his tax returns since the election eh?

 

and your weapons of mass destruction

 

Congress makes the laws. When Congress passes a tax reform bill through both the House and Senate that increases taxes on the wealthy, then it'll be news and will contradict the idea that Congressional Republicans wanted to slash Medicaid to fund a large tax break for the wealthy.

 

Or news that you'd like to believe is fake......seems the "fake news" excuse is pretty popular when it comes to defending the guy......I'm really not surprised you'd lean on that one .......

 

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Donald Trump paid no federal income taxes for at least two years in the late 1970s, according to a New Jersey government report.

Trump, who has declined to release his tax returns during the campaign season, incurred no tax liability in 1978 and 1979, New Jersey gambling regulators found, when they looked into his tax returns and personal finances in connection with the Trump Plaza Corporation's 1981 application for a casino license.

Trump claimed negative income in both those years: losses of $406,379 in 1978 and $3,443,560 in 1979. In 1975, 1976, and 1977, he claimed $76,210, $24,594, and $118,530 in income, respectively, paying $18,714, $10,832, and $42,386 in federal taxes, according to the document, the Report to the Casino Control Commission.

The regulators "did not ascertain any inconsistent or questionable matters" in Trump's returns, they wrote.

The findings were included in a report obtained by ABC News and verified by the New Jersey Casino Control Commission. Although the regulators viewed Trump's tax returns from 1975 to 1979, they did not include the actual returns in their report to the commission.

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The presumptive GOP presidential nominee had promised to release his most recent tax returns as a 2016 candidate, but he later declined to do so until an audit is completed. He has faced criticism for that decision, though not required to do so, as presidential candidates have consistently released their tax returns to the public over the last 40 years.

The tax rates paid by Trump are "none of your business," the GOP candidate told ABC's George Stephanopoulos in a recent interview on "Good Morning America." In the same interview, he told Stephanopoulos that "you'll see it when I release but I fight very hard to pay as little tax as possible."