Trump Mulls a Unilateral Tax Cut for the Wealthy

[RandySF]

“The Trump administration is considering bypassing Congress to grant a $100 billion tax cut mainly to the wealthy, a legally tenuous maneuver that would cut capital gains taxation and fulfill a long-held ambition of many investors and conservatives,” the New York Times reports.

“Steven Mnuchin, the Treasury secretary, said in an interview on the sidelines of the Group of 20 summit meeting in Argentina this month that his department was studying whether it could use its regulatory powers to allow Americans to account for inflation in determining capital gains tax liabilities.”

Said Mnuchin: “If it can’t get done through a legislation process, we will look at what tools at Treasury we have to do it on our own and we’ll consider that.”


https://politicalwire.com/2018/07/30/trump-administration-mulls-a-unilateral-tax-cut-for-wealthy/

[greatauntoftriplets]

1. Bastards aren't even trying to hide it anymore.

[sdfernando]

2. I've got a great idea

Lets tax it like regular income.....lets tax everything like regular income!

[mopinko]

12. let's make them pay fica, too.

[Yavin4]

3. Because that's what is truly wrong with our economy, rich people don't have enough money

If they just had a few millions more, then everything would be great.

[Yo_Mama_Been_Loggin]

4. Of course he does.

[onecaliberal]

5. I hope karma catches these evil fuckers today.

[SamKnause]

6. I hate these fuckers with a white hot passion !!!!!!!!!!!!!!!!!!!!!!!!!

If I had the power to will them all to drop dead I would !!!!!!!!!!!!!!!

They are a waste of space, oxygen, food and water.

[smirkymonkey]

11. +1000

I'll second that.

[Takket]

7. The president can't change the tax laws.

[RandySF]

14. Doesn't mean he won't try

[Takket]

15. touche

[Stuart G]

8. He can't be that stupid, even if he finds a way...Nobody could be that stupid..?

[Achilleaze]

9. the repubes didn't need the kremlin for this stinker of an idea

This is pure republicanism: steal from the poor, give to the rich.

[gratuitous]

10. Remember way back when?

Oooh, the Republicans were just so grrrr mad! when Obama signed those executive orders. Sure, Obama had tried to work a legislative proposal through Congress, but when Republicans refused even to discuss those proposals, Obama would turn to an Executive Order to accomplish something. Oh, the Republicans were fit to be tied: Who did Obama think he was, anyway? An emperor or a king? Just issuing laws by fiat like that!

Trump, with the iron-clad advantage afforded him by congressional majorities and pliant judicial officers, can't legislate his way out of a wet paper bag. Now the administration is considering a tax cut for the wealthy by proclamation. What sort of reaction can we expect from congressional leadership to this trespass on their constitutional authority? Crickets or "It's real good that you done that, Donnie. Yup, real good."

[shanny]

13. lol