https://www.bloomberg.com/news/articles/2017-07-26/bannon-is-said-to-call-for-44-tax-on-incomes-above-5-million
White House chief strategist Steve Bannon supports paying for middle-class tax cuts with a new top rate of 44 percent for Americans who make more than $5 million a year, according to a person familiar with his thinking.
It’s unclear whether President Donald Trump would support the move, which would bring the top rate, currently 39.6 percent, to the highest level in 30 years. Trump has said he’s focused on tax changes that would help the middle class, but an analysis this month of the tax outline the White House released in April shows it would mostly benefit top earners.
That plan condensed the seven existing individual income tax rates to three, with a top rate of 35 percent. Income thresholds weren’t included in the outline.
White House officials and congressional leaders have been meeting weekly to agree on a framework to rewrite the tax code. So far, they haven’t announced any decisions on how deeply to cut tax rates or whether the lost revenue should be offset, and how.
It’s not the first time that kind of tax increase has been suggested.
During the 2016 presidential campaign, Democratic nominee Hillary Clinton had proposed a 4 percent surcharge on Americans making more than $5 million annually. It was part of a set of proposals that her campaign said would ensure the wealthy paid a higher effective tax rate than the middle class.
Bannon’s call for a 44 percent top rate was reported earlier today by the Intercept.
Broken clocks, man
|
Liberals will be upset either way. Why bother?
Voted best user on CE 2012 - 2016
Current e-argument streak: 9005 wins. 0 losses.
|
I honestly can't believe he's the one advocating for high taxes on the wealthy.
|
like Trump will listen to this
|
prince_leo posted...
like Trump will listen to this
Like anyone in the GOP will listen to this.
|
prince_leo posted...
like Trump will listen to this
And there it is. Gotta find something to be mad at Trump about.
Voted best user on CE 2012 - 2016
Current e-argument streak: 9005 wins. 0 losses.
|
JustMyOpinion posted...
And there it is. Gotta find something to be mad at Trump about.
not mad. just saying, why would Trump push for something that would hurt him and his buddies?
|
(Topic Creator)2 days ago#8
JustMyOpinion posted...
prince_leo posted...
like Trump will listen to this
And there it is. Gotta find something to be mad at Trump about.
In a topic about a proposal from a member of his administration, opining about whether Trump will push for it seems very reasonable.
|
I can get behind this, though 60% would be better.
|
I bet he's doing this since he thinks it will effect "The Jews" the most.
We all live in a Yellow SUV! a Yellow SUV!
|
YellowSUV posted...
I bet he's doing this since he thinks it will effect "The Jews" the most.
I wouldn't doubt it's something like this. It is Steve "PoS" Bannon after all.
|
This is pretty surprising actually
|
Since when is Bannon a socialist?
Oda break tracker 2017- 5 (2)
Super Mario Maker Profile: 1237-0000-0073-02FE
|
Surprised. But as others have said why would Trump and the rest of the GOP support this? I can't see them suddenly changing their tune.
|
And this isn't the first he's talked about this, though I don't know that he's ever put real numbers to it before.
|
Squeeze them dry.
"I'm an atheist too but still believe in hell. That's where you're headed pal." - Mr_Karate_II
|
Also, LOL @ all the liberals who will suddenly love Bannon after calling him evil incarnate.
Oda break tracker 2017- 5 (2)
Super Mario Maker Profile: 1237-0000-0073-02FE
|
voldothegr8 posted...
Also, LOL @ all the liberals who will suddenly love Bannon after calling him evil incarnate.
The ones that don't exist?
|
(Topic Creator)2 days ago#19
voldothegr8 posted...
Also, LOL @ all the liberals who will suddenly love Bannon after calling him evil incarnate.
Bad people can have good ideas without absolving their bad ones.
|
voldothegr8 posted...
Also, LOL @ all the liberals who will suddenly love Bannon after calling him evil incarnate.
You don't have like someone to agree with something they said.
|
voldothegr8 posted...
Also, LOL @ all the liberals who will suddenly love Bannon after calling him evil incarnate.
Crediting him for a sensible proposal doesn't mean we "suddenly love him". What am I supposed to drop my own morals and hate this idea since he said it? It's time to grow up, man.
|
voldothegr8 posted...
Also, LOL @ all the liberals who will suddenly love Bannon after calling him evil incarnate.
Just because he proposes something decent doesn't absolve him of being a piece of s***.
"Look, if I was good at math, I wouldn't be on CE at 2:00 the morning clicking on topics about porn stars ****ing horses." - May 2017, Dash_Harber
|
BLAKUboy posted...
prince_leo posted...
like Trump will listen to this
Like anyone in the GOP will listen to this.
this. I'd be all for that s*** but they'll never approve it.
|
voldothegr8 posted...
Also, LOL @ all the liberals who will suddenly love Bannon after calling him evil incarnate.
Hitler was a monster, but he instituted a few good ideas like an anti smoking campaign. apparently one of the first widespread, mainstream campaigns. Which does absolutely jack s*** to mitigate his crimes.
|
wtf i hate taxing the rich now
"There is value in segregation." - qwertyman2002
01001100 01010101 01000101 00100000 00110100 00110000 00110010
|
BLAKUboy posted...
voldothegr8 posted...
Also, LOL @ all the liberals who will suddenly love Bannon after calling him evil incarnate.
The ones that don't exist?
Antifar posted...
Bad people can have good ideas without absolving their bad ones.
Tmaster148 posted...
You don't have like someone to agree with something they said.
TheVipaGTS posted...
Crediting him for a sensible proposal doesn't mean we "suddenly love him". What am I supposed to drop my own morals and hate this idea since he said it? It's time to grow up, man.
SuperShake666 posted...
Just because he proposes something decent doesn't absolve him of being a piece of s***.
Makeveli_lives posted...
Hitler was a monster, but he instituted a few good ideas like an anti smoking campaign. apparently one of the first widespread, mainstream campaigns.
Which does absolutely jack s*** to mitigate his crimes
LOL just f***ing WOW!
Oda break tracker 2017- 5 (2)
Super Mario Maker Profile: 1237-0000-0073-02FE
|
voldothegr8 posted...
LOL just f***ing WOW!
be less obvious
And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not.
|
Darkman124 posted...
be less obvious
Let him pretend he didn't just get slammed.
|
BLAKUboy posted...
Darkman124 posted...
be less obvious
Let him pretend he didn't just get slammed.
Watching you all squirm is fun!
Oda break tracker 2017- 5 (2)
Super Mario Maker Profile: 1237-0000-0073-02FE
|
voldothegr8 posted...
BLAKUboy posted...
Darkman124 posted...
be less obvious
Let him pretend he didn't just get slammed.
Watching you all squirm is fun!
"lol jokes on them I was just pretending!"
|
TheVipaGTS posted...
voldothegr8 posted...
BLAKUboy posted...
Darkman124 posted...
be less obvious
Let him pretend he didn't just get slammed.
Watching you all squirm is fun!
"lol jokes on them I was just pretending!"
Oh I wasn't joking, it's that crazy fast defense force that's amazing!
Oda break tracker 2017- 5 (2)
Super Mario Maker Profile: 1237-0000-0073-02FE
|
voldothegr8 posted...
BLAKUboy posted...
Darkman124 posted...
be less obvious
Let him pretend he didn't just get slammed.
Watching you all squirm is fun!
things on the internet dont make me cringe much anymore but yikes
|
How is that a "defense force".....?
|
voldothegr8 posted...
TheVipaGTS posted...
voldothegr8 posted...
BLAKUboy posted...
Darkman124 posted...
be less obvious
Let him pretend he didn't just get slammed.
Watching you all squirm is fun!
"lol jokes on them I was just pretending!"
Oh I wasn't joking, it's that crazy fast defense force that's amazing!
No one here in this topic has said this idea is bad nor that they love bannon now. Maybe you shouldn't let your politics be defined by how the other party acts.
|
Well there it is. Once Trump gets rid of Sessions he'll go after Bannon next.
|
voldothegr8 posted...
BLAKUboy posted...
Darkman124 posted...
be less obvious
Let him pretend he didn't just get slammed.
Watching you all squirm is fun!
Lol gotta love those alternative facts
|
Samurontai posted...
How is that a "defense force".....?
He's just using the standard conservatroll tactic of stealing liberal s***poster buzzwords and misusing them.
|
voldothegr8 posted...
Also, LOL @ all the liberals who will suddenly love Bannon after calling him evil incarnate.
I don't: I happen to agree with him on this particular issue. If you agree with a Democrat on something, does that suddenly mean you approve and support everything they do? If you think people calling pointing broken clocks are hypocrites, I'm not sure you understand how basic mental functions work. People can agree with a person on one thing and disagree with them on another thing. This is how reality works.
|
There has to be more to this. I really can't see anyone in the Trump administration trying to push something like this.
|
voldothegr8 posted...
Watching you all squirm is fun!
Nobody is squirming. Claim A: Liberals will love Bannon now that he supports a liberal policy. This claim has no backing evidence in this particular topic. The general consensus among left-minded people in this thread is "I agree with Bannon on this subject, but still dislike him." Claim B: Liberals are now squirming when they point out my logic. No, they're just pointing out your faulty logic. You either live in a separate reality where liberals suddenly became Bannon worshipers, or you're doing a really bad attempt at saving face after you made a fool of yourself.
|
UnholyMudcrab posted...
There has to be more to this. I really can't see anyone in the Trump administration trying to push something like this.
I can see some people on the right being for this, but at most it'll only be words. They will still likely just vote down party lines at the end of the day.
|
Zero_Destroyer posted...
I don't: I happen to agree with him on this particular issue.
If you agree with a Democrat on something, just does that suddenly mean you approve and support everything they do? If you think people calling pointing broken clocks are hypocrites, I'm not sure you understand how basic mental functions work. People can agree with a person on one thing and disagree with them on another thing. This is how reality works.
He's a /pol/ browsing redhat. He doesn't know anything about reality.
|
Steve Bannon doesn't have a lot of power in the White House anyway, so he's probably get out-voted
|
UnholyMudcrab posted...
There has to be more to this. I really can't see anyone in the Trump administration trying to push something like this.
YellowSUV brought up a good point. The whole "Jewish people controlling the wealth/world" is definitely something he'd believe in
|
NinjaWarrior455 posted...
Zero_Destroyer posted...
I don't: I happen to agree with him on this particular issue.
If you agree with a Democrat on something, just does that suddenly mean you approve and support everything they do? If you think people calling pointing broken clocks are hypocrites, I'm not sure you understand how basic mental functions work. People can agree with a person on one thing and disagree with them on another thing. This is how reality works.
He's a /pol/ browsing redhat. He doesn't know anything about reality.
LOL wtf!?! I don't visit trash 4chan
Oda break tracker 2017- 5 (2)
Super Mario Maker Profile: 1237-0000-0073-02FE
|
(Topic Creator)2 days ago#46
Bannon has a lot of weird views, but fealty to the rich generally is not one of them.
|
Friendly reminder that the top bracket was 91% in the Eisenhower era.
|
Questionmarktarius posted...
Friendly reminder that the top bracket was 91% in the Eisenhower era.
Eisenhower was a garbage president.
|
SWN 44% is p much ludicrous but then again it's only about 4pp increase. I would be more interested to see what cuts for lower brackets would be tbh than worrying about 4pp in a tax bracket I and nobody I will ever know will ever fit into.
|
We need more tax brackets and the idea of separating the rich from the super rich is definitely important. Bannon's ideas on economic nationalism are completely at odds with the GOP, though, and doesn't seem like Trump actually gives any f***s about anything other than "winning" in the short term, so there's no chance this gets out of the gate at all.
Support local music.
But not if it sucks.
|
