Bannon Is Said to Call for 44% Tax on Incomes Above $5 Million


Olde Hornet

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President Bannon -
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http://www.msn.com/en-us/money/taxe...llion/ar-AAoSUVh?li=BBnb7Kz&OCID=ansmsnnews11

White House chief strategist Steve Bannon supports paying for middle-class tax cuts with a new top rate of 44 percent for Americans who make more than $5 million a year, according to a person familiar with his thinking.

It’s unclear whether President Donald Trump would support the move, which would bring the top rate, currently 39.6 percent, to the highest level in 30 years. Trump has said he’s focused on tax changes that would help the middle class, but an analysis this month of the tax outline the White House released in April shows it would mostly benefit top earners.

That plan condensed the seven existing individual income tax rates to three, with a top rate of 35 percent. Income thresholds weren’t included in the outline.
 
the gop is gonna run bannon out of town if they try that. they view trump as someone they can use to advance their agenda and will try to hold on to him.
 
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Bannon is a racist....he and *rump are doing this to curry the favor of more of the poor whites.

Right, it's a very intentional ruse to appeal to his base. It has no more a chance of happening than a snow ball surviving in hell. Bannon is the chief strategist and nothing more, others are his treasurer and budget director.
 
Bannon is a racist....he and *rump are doing this to curry the favor of more of the poor whites.

Yes, but I would classify Bannon as a white nationalist with a populist bent. He identifies with the hard right white working class and not the country club establishment wing of the Repub Party. During the period between the rebirth of the Klan in 1915 to 1925, they were looked upon as progressives because of their advocacy for the common working whites and their cultural whims of racism, sexism, and prohibition.
 
Yes, but I would classify Bannon as a white nationalist with a populist bent. He identifies with the hard right white working class and not the country club establishment wing of the Repub Party. During the period between the rebirth of the Klan in 1915 to 1925, they were looked upon as progressives because of their advocacy for the common working whites and their cultural whims of racism, sexism, and prohibition.

correction...cone head racist
 
It is interesting that this comes from a person who wants to deconstruct the administrative state. Those who want to do that are usually not in favor of increasing taxes on the rich-especially to that level.
 
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