Trump Cutting Taxes For Stock Traders?

It looks like Trump wants to cut taxes on stock profits.

https://www.cnbc.com/2020/02/14/whi...centive-for-more-americans-to-buy-stocks.html

 

Politically motivated.

Makes no sense to cut taxes and not cut/increase spending... that just creates greater unsustainable (ultimately) deficits.

 

Taxes should not be the only govt revenue. They should be treated as the govt seed capital. The idea is that taxes should go down over time not up while making it easier for people.

 

tell it to Bush to turned surpluses to deficits with tax cuts and wars.

 

Did Obama cut deficit?

 

NOOOOO. He ran the biggest deficits in history... and the worst possible kind, too!

(Unfortunately, looks like Trump is trying to trump Odumbo's deficits.)

 

That's b/c unlike private wealthy individuals govt has no wealth other than annual revenue stream from taxes. Govts live off social security of it's citizens. They are effectively poor.

 

Cutting taxes can increase tax revenue if done properly.

 

Yes, he inherited 1 trillion deficit from bush and cut it in half, then trump comes in doubles it back to 1 trillion.

 

so far reality contradicts its. Every tax cut lead to deficits.