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Donald Trump - President Republican Candidate

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Donald Trump - Republican Presidential Candidate

ECONOMY: Cut Taxes

Agree

Make income tax cuts permanent. Cut taxes on capital gains, corporate income, & estates. Terminate payroll & Social Security taxes. No new taxes on natural gas, carbon, or 401(k)s.

Description: Former Donald Trump promised to "lower the corporate tax rate to 20%, further reducing the income levy on the largest US companies that he already slashed while president, according to people familiar with the remarks. The current corporate tax rate is 21%, but even a small reduction represents a tax cut worth billions of dollars each year for profitable US companies. Trump called the 20% figure a nice, round figure, according to two sources briefed on his comments. Trump vowed to make permanent the Republicans’ sweeping 2017 tax law and urged renewal of key portions of the bill, including tax cuts for individuals and small businesses, which expire next year. He also advocated to exempt tipped earnings from federal taxes, an idea he first previewed at a rally on Sunday in Las Vegas. The former president also promised the executives he would slash regulations if he won a second term. He also disparaged the permitting process for energy projects and other purposes as yet another form of regulation or taxation."

Source: Article By Bloomberg

Link: https://archive.ph/t2fRi

Description: Details of Trump Tax Cuts and Jobs Act: Lowers the corporate income tax rate permanently to 21 percent, starting in 2018. Doubles the estate tax exemption from $5.6 million to $11.2 million, which expires on December 31, 2025. The exemption will increase with inflation.

Source: Article By Tax Foundation

Link: https://taxfoundation.org/research/all/federal/final-tax-cuts-and-jobs-act-details-analysis/

Description: Former President Trump: "They spent another trillion dollars on the Inflation Reduction Act. They spent another trillion dollars on their misnamed Inflation Reduction Act and then they admitted it really wasn't meant to reduce inflation." (This bill established the Natural Gas Tax.)

Source: Video Posted On Youtube By Right Side Broadcasting Network

Link: https://www.youtube.com/watch?v=CPCtQNP3pA0

Description: Former President Trump: "I will not cut one cent from Social Security or Medicare. I kept that promise for 4 years, and I will keep it again. And seniors should not pay taxes on Social Security!"

Source: Video Posted On Truth Social From Campaign Rally

Link: https://truthsocial.com/@TeamTrump/posts/112900715374649530

Description: Former President Trump: "NO TAX ON SOCIAL SECURITY FOR SENIORS, NO TAX ON TIPS!"

Source: Posted On Truth Social By Donald J. Trump

Link: https://truthsocial.com/@realDonaldTrump/posts/112888003211772214

Description: Former President Trump: "We're not going to charge tax to seniors, the Social Security...and we're gonna have no tax on tips." TIme stamp 1:20:25

Source: Video Posted On YouTube By The Times and The Sunday Times

Link: https://www.youtube.com/watch?v=m0hU3Org2tk

Description: U.S. President Donald Trump's administration is not considering a carbon tax, a White House official said on Tuesday. On Feb. 8, Trump administration officials met with a group of Republican elder statesman who called for a $40 per ton tax on carbon emissions to fend off global climate change. In response to that meeting, the White House official said: "The Trump Administration is not considering a carbon tax."

Source: Article By Reuters

Link: https://www.reuters.com/article/business/environment/trump-administration-not-considering-a-carbon-tax-white-house-official-idUSKBN16S2ZE/

Description: Trump: 'We Will Be Terminating The Payroll Tax After I Hopefully Get Elected’

Source: Video Posted On YouTube

Link: https://www.youtube.com/watch?v=uNI1VNpdzN8