Tag Archives: Bloomberg
Donald Trump beats our richest president by a few billion.
Real estate magnate and reality television star Donald Trump, who currently leads the Republican primary polls, is constantly telling everyone that he’s very rich.
And he is. Trump’s fortune is estimated to be worth $2.9 billion (according to Bloomberg), or $4 billion (according to Forbes), or $8.7 billion (according to a document Trump circulated at his July campaign announcement), or
Though Donald Trump devotes an entire chapter of his just-published book “Crippled America” to his tax proposal, it remains difficult to see how it will have a detrimental effect on the Republican presidential candidate's bottom line—as he has often claimed while pitching the plan in speeches and media appearances.
"I will probably end up paying more money," he told CNN in late September, "but at the same I think the economy will do better, so I’ll make it up that way."
In the book, which will be released Tuesday but which Bloomberg Politics obtained at a Washington, D.C. bookstore last week, Trump says his plan is to simplify the U.S. tax code so it no longer takes too much money from people who need it most, while letting others use loopholes to reduce their burden.
"The current code is crazy."
"The proposed policies will allow the middle class to keep most of their deductions while eliminating many of the deductions for the very rich," Trump writes.
Nonetheless, his plan would help top earners when it comes to wages. It sets the top income tax rate at 25 percent, compared to the current 39.6 percent. But there are breaks
Donald Trump:’When you talk about George Bush – I mean, say what you want, the World Trade Center came down during his time.’
Donald Trump pointedly notes in a new interview that the Sept. 11, 2001 terrorist attacks happened on President George W. Bush's watch.
In the interview with Bloomberg TV anchor Stephanie Ruhle, Trump did not directly blame Bush for the attacks.
Still, his remarks are sure to reverberate in GOP circles, especially given his rivalry with Jeb Bush — the former president's brother.
The topic came up when Ruhle raised a question near the end of her interview with Trump about leadership, and how some leaders have shown a softer touch.