Trump's economic plan is ridiculous. Cut corporate taxes. Cut estate taxes. Moratorium on financial sector regulation.
Well, of the $2.8 trillion in taxes that the Federal gov't collected last year, corporate taxes amounted to $380 billion or, 13%. Not a lot. Estate taxes were $1.4 billion. That's five-one-hundredths of one percent of the total taxes collected. Do these really need to be cut more?
By far the largest share of taxes, $2.2 trillion, came from employment and withholding taxes. That's FICA, etc. That's paid by wage earners--working people. How about a tax cut for them, Mr. Trump? Like you promised when you first started your campaign.
And as far as that moratorium on financial regulation, that's just what we need, right? Let the financial sector loose to play its casino games that almost destroyed the entire global economy. I am finding it harder and harder to support Trump. He's really stupid.