Monday, August 31, 2015

Trump's Tax Me Too Shows He's No Limited Government, Free Market Proponent


By Editorial Aug 27, 2015 Investors

Election 2016: Republican front-runner Donald Trump was thrown a fat pitch that he could have hit out of the park by championing capitalism. Instead, he chose class warfare.

It doesn't matter how convoluted or narrow or qualified Trump's comments to Bloomberg Wednesday on "raising taxes on successful people like myself" were. What is important is that he chose to sound like Barack Obama, not Ronald Reagan.

Speaking in the lobby of his Trump Tower on New York's Fifth Avenue, Trump talked about making those successful in hedge funds pay more in taxes "because right now they are paying very little tax, and I think it's outrageous." Instead, he wants middle-class tax cuts.

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