Jeb releases tax reform plan; Krugman laughs; Trump shows econ populism has traction w/ RW

[Panich52]

Campaign for America's Future

JEB RELEASES TAX REFORM PLAN
Jeb Bush explains plan to cut taxes on wealthy in WSJ oped:

“We will cut individual rates from seven brackets to three: 28%, 25% and 10% … [It] expands the Earned Income Tax Credit, ends the death tax … and ends the employee’s share of the Social Security tax on earnings for workers older than 67 … I will cut the corporate tax rate from 35%—the highest in the industrial world—to 20% … we will assess a one-time tax of 8.75%, payable over 10 years, on the more than $2 trillion in corporate profits sitting overseas … we will eliminate most corporate tax deductions …”

http://www.wsj.com/articles/my-tax-overhaul-to-unleash-4-growth-1441754195


Krugman mocks:

“…Jeb Bush has now come out with the highly original proposal that we give rich people and corporations big tax cuts. A different kind of Republican!”

http://mobile.nytimes.com/blogs/krugman/2015/09/08/jeb-the-unready/


Trump showing that economic populism has currency on the Right.

W. Post:
“Here was a Republican candidate telling voters he would not cut Social Security — that fast economic growth would remove the need to even talk about it — and that ‘hedge-fund guys’ needed to pay higher taxes. And he was winning.”

http://www.washingtonpost.com/news/the-fix/wp/2015/09/08/why-some-liberals-have-started-to-love-donald-trump/

[whatthehey]

1. The last two quoted clauses from Jeb are worth considering.

[Mass]

2. Some liberals are idiots. Period.

Trump is popular because he is a know-nothing nativist. He has presented no economic/tax program and some populist icons think that because he utters a few key sentences, he is somehow on their side on the issue.

As for Krugman, he is unfortunately once again showing he is just an opportunist. If he seriously think Trump's plan will be different than Bush, he is an idiot.