The Trump Tax Plan

Republicans and Democrats have always opposed any tax reform that shifts the amount of taxes being paid from the middle and lower classes to the upper class. That being said, many are wondering just what type of tax increases the upper class will be seeing if this were to play out.

Trump, who will be holding a press conference in Trump Tower on Monday morning to discuss his forthcoming tax plan, gave some more details to Pelley in the interview after Pelley pressed him harder.

“There will be a large segment of our country that will have a zero rate, a zero rate,” Trump said.

“We’re talking about people in the low-income brackets that are supposed to be paying taxes, many of them don’t anyway,” he added.

When Pelley asked Trump if that means he’s “talking about making part of the population exempt from income tax,” Trump replied: “That is correct.”

“You’re talking about cutting corporate income taxes?” Pelley asked in another follow-up.

“That is correct,” Trump replied again.

Pelley asked how Trump would succeed in doing this with a $19 trillion federal debt, to which Trump explained that “we’re going to grow the economy so much” it will be able to pay for it.

“If the economy grows the way it should grow — if I bring jobs back from China, from Japan, from Mexico, from so many countries, everybody’s taking our jobs,” Trump said, then he will be able to pay for these tax cuts on the majority of Americans.

It sounds like a solid plan for some, but not for others. Trump certainly seems to have a lot of confidence in it. And if it works the way he says it will, hopefully it’ll create a more prosperous economy for America. Jobs are something that the United States could definitely use a little more of.

Source: breitbart.com