Category Archives: Donald Trump & Economics

Donald Trump: ‘The current code is crazy!’

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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."
Donald Trump
"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

Ford Motor Co. rejects Trump’s claims on Mexico car plant

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Ford Motor Company is disputing GOP presidential front-runner Donald Trump’s claims that he altered the automaker's future expansion plans in the U.S. and Mexico.

“Ford has not spoken with Mr. Trump, nor have we made any changes to our plans,” it said in a statement released Monday.

“We decided to move the F-650 and the F-750 medium-duty trucks to Ohio Assembly in 2011, long before any candidates announced their intention to run for U.S. president,” Ford said.

Why ‘A’ Students Work for ‘C’ Students and Why ‘B’ Students Work for the Government: Rich Dad’s Guide to Financial Education for Parents Pt.2

why-a-students-work-for-c-students-and-why-b-students-work-for-the-governmentRobert Kiyosaki: "In 2012, a 5-star hotel near our home in Phoneix was sold to the government of Singapore, purchased via the Singapore Sovereign Wealth Fund. Where did that money come from? The money came from Americans who used their dollars to buy TVs, computers, iPhones and other products made in Asia-products that lose value over time. Those dollars then return to the United States to buy our wealth, assets that increase in value over time. Today, the employees who work for the hotel are now employees of the country of Singapore, assisted by financing from international banks."

Donald J. Trump shares surprising details with Scott Pelley about his tax plan. Watch on the ’60 Minutes’

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onald Trump wants to rip up the North American Free Trade Agreement as one of his strategies for creating new jobs for the middle class. The Republican presidential candidate tells Scott Pelley the free trade agreement between Mexico, Canada and the U.S. is a "disaster." He says he will either break or renegotiate it so he can enact

Time to Get Tough: Making America #1 Again

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016 Republican presidential candidate Donald J. Trump has a plan to make America great again. This is Donald trump's another The New-York Times Best Seller and last book at this moment. President Obama has been a disaster for this country. He’s wrecked our economy, saddled our children with debt, and gone around the world apologizing for America—as if the greatest nation in the world needed to apologize for being the land of opportunity and freedom that we were before Obama became president.

Now, America looks like a broken country—stripped of jobs, stripped of wealth, stripped of respect. And what does President Obama do about it? He plays nice with the very same foreign governments who are eager to watch America burn.

Donald Trump:’We have an amazing tax plan!’

taxesWashington (CNN)Hedge fund managers should worry, but corporations would get tax breaks if Donald Trump gets his way. Their chief executives, though, might need to sweat — particularly if their compensation is "a total and complete joke" made possible by friends who serve on their corporate boards. The real estate mogul who's leading Republican presidential polls previewed his tax plan Sunday in an appearance on CBS' "Face the Nation," saying the full proposal is about three weeks away. "We have an amazing tax plan," Trump said. "We're going to be reducing taxes for the middle class, but for the hedge fund guys, they're going to be paying up." In recent weeks Trump has attacked hedge fund managers who pay 20% capital gains tax rates even

Elizabeth Ann Warren:’Donald Trump and I both agree that there ought to be more taxation of the billionaires’

trumpelisabedElizabeth Ann Warren is an American academic and politician, who is the senior United States Senator from Massachusetts and a member of the Democratic Party.

Elizabeth Warren said Tuesday that she agrees with GOP presidential front-runner Donald Trump when it comes to raising taxes on wealthy Americans.

"There are a lot of places where he gets out and talks about important things," Warren said of the celebrity real estate tycoon on ABC's "The View."

Warren Buffett:’I haven’t heard him say anything yet that I disagree with’

trumpbuffetBillionaire investor Warren Buffett said Tuesday he agrees with Donald Trump’s stance on tax policy.  

Warren Buffett, the chairman and CEO of Berkshire Hathaway, said he supports raising taxes on wealthier Americans and treating carried interest as income, both ideas expressed by the Republican front-runner, who is expected to provide more details on the economic plan in the coming weeks. 

Paul Krugman: Donald Trump is right on taxes, economics

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Paul Krugman, the liberal economist and New York Times columnist, said Monday that leading Republican presidential candidate Donald Trump is right on taxation and economic policy.In a Times op-ed, Krugman wrote that Trump is correct to embrace a tax hike on the rich and speak out in favor of universal healthcare. He added that conservatives — who are now slamming Trump’s proposals — were wrong to warn about the ill economic impacts of those policies ahead of the 2012 election.

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