Trump’s 15% tax ain’t happening

Dear Trump-Pets. As a self-employed consultant, I support a 15% marginal tax on pass-throughs. Is it going to happen? No. Paul Ryan and Company won’t allow it and Nancy Pelosi and her minions will message negatively on the idea, calling it a gift to hedge fund managers who already benefit from carried interest.

Meanwhile, small business owners will continue to carry a large tax burden on top of the everyday hustle to find the next client.

As for the everyday wage earner, expect very little in relief. The GOP will have to reconcile their version of big government with the realities that a tax cut will mean less to spend on missiles and corporate subsidies. Someone will have to carry that tax burden, and quite a few of those are Trump-Pets…..

 

 

About Alton Drew

Alton Drew brings a straight forward and insightful brand of political market intelligence. Alton Drew graduated from the Florida State University with a Bachelor of Science in economics and political science (1984); a Master of Public Administration (1993); and a Juris Doctor (1999). You can also follow Alton Drew on Twitter @altondrew.
This entry was posted in Budget, business, Democrats, Donald Trump, middle class, Paul Ryan, Republicans, taxes and tagged , . Bookmark the permalink.

One Response to Trump’s 15% tax ain’t happening

  1. kenski2013 says:

    I believe the state of Missouri already did something like markedly reduce taxes on pass-through/owner operated companies, only to discover that tax revenues were down a lot more than expected, apparently because of this loophole.

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