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Larry Kudlow: Trump Tax Growth rumors do not believe



Yesterday was a good time tax day to rest all rumors of the white house to rest all rumors of the republican tax growth. Instead, we received the Bloomberg article: “millionaire tax increases, vapor as the openness of Trump signals.” Now, it does not mean that the openness will be on the president. It is open to know a lot of things to know, as a result. Therefore, I believe that this is something that it will be rejected. The promises, promises are kept. I do not believe that Mr. Trump will sign a tax increase.

Promised Expand the 2017 tax discounts37% of 37% stored in the upper parentheses, 3 percent point, double increase in the standard discount, double-rise income, returned foreign income, 21% for corporate tax rate and equipment and equipment. Bloomberg article offers as paying for higher tax rates. However, this does not mean, because all of the Republican leaders of Mr. Trump and the house and Senate, all agreed to the basics of the current policy, which extends the 2017 tax cut – and the shortcoming would be neutral. By the way, 44 republican senators and about 180 housemost houses Braver Bezisti ‘No Tax’ was signed.

So Mr. Trump pushed a tax increase Big, beautiful reconciliation Bill would be destroyed.

Mr. Trump’s highest personal tax rate is paid by small business owners of the LLC or S. Corps. Indeed, it covers the economy and most of the income. Small business owners are already concerned about the impact of high tariffs, so it was re-shot with a higher tax fee?

Mr. Trump is a small job champion. Has always been. He is good too Laffer got acquainted with the curve As the presidential medal presented by the presidential medal, as he submitted to Dr. Laffer. Laffer claims that the higher tax rates will earn lower income by weak economic activity and more tax evasion. Many riches can pay the best flight tax accountants and they will avoid paying more taxes. By the way, the top 1% of taxpayers pays about 45% of the income tax.

Then the article said that the highest gains will be able to replace an expanded state and local tax discount. But this really affects high gains. Thus, this right, Trump, Trump will raise a high-profit tax, but also lowered the tax burden by giving a larger tax discount on the same high gains? It doesn’t make sense. The president is something in common sense.

Unfortunately, some treasure officials were talking about “everything is on the table” or many ideas are studied to minimize the total value of the tax invoice. However, these officials will advise to be true to Trump Policy, where he intends to expand the highly successful 2017 tax cutting invoice.

Now Mr. Trump has added some tax additives: Tax-free recommendations for tax relief for taxi employees and taxes and elderly. In addition, America’s corporate tax also arranged 15% to promote Karshoru. January 2025, 2025, 2025, 2025, 2025, 2025, 2025 for the factory investment for the factory investment. These fall outside the basis of the current policy. However, instead of lifting some taxes Financial tax reductionWhy I will not be able to evaluate either Elon Musk DoGe deposits or tariff revenues.

Mr. Trump always believed in rewarding him without punishment. The child or main street in the garage should not be punished to be a small businessman or a successful investor rich.

Mr. Trump is determined to contribute to our economy by adding many new dynamism and risk during this period. He has said so many times a million times. Why would he want to stain this?

These are the reasons why I do not believe that it will go for tax growth.



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