Last updated on July 17th, 2023 at 09:14 pm
Donald Trump’s nonsensical reply to Hillary Clinton’s stated intent to raise the estate tax on the wealthiest Americans is that she lost herself the support of all Republicans.
Trump tweeted,
Hillary Clinton just lost every Republican she ever had, including Never Trump, all farmers & sm. biz, by saying she’ll tax estates at 65%.
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— Donald J. Trump (@realDonaldTrump) September 23, 2016
Never mind the proposed tax hike would affect only those whose inherited assets are $5.45 million or more. In other words, the very rich, not farmers or small businesses. As Reuters reported earlier,
Clinton’s plan, posted on her campaign’s website, would raise the estate tax from the current 40 percent to 45 percent, the rate that existed in 2009. But the biggest estates would face rates of up to 65 percent for property valued at more than $500 million for a single person or $1 billion per couple, under her proposal, an update of an earlier plan.
The average Trump supporter would obviously not be affected by the tax hike, nor would the vast majority of Americans, Republican or Democrat.
On the other hand, Trump does plan to raise taxes on millions of Americans, and under Trump’s tax plan, many voters will suffer.
If Trump thinks voters will reject Hillary Clinton because she plans to tax the 1 percent, but vote for him when he plans to raise their taxes, he is deluding himself.
Hrafnkell Haraldsson, a social liberal with leanings toward centrist politics has degrees in history and philosophy. His interests include, besides history and philosophy, human rights issues, freedom of choice, religion, and the precarious dichotomy of freedom of speech and intolerance. He brings a slightly different perspective to his writing, being that he is neither a follower of an Abrahamic faith nor an atheist but a polytheist, a modern-day Heathen who follows the customs and traditions of his Norse ancestors. He maintains his own blog, A Heathen’s Day, which deals with Heathen and Pagan matters, and Mos Maiorum Foundation www.mosmaiorum.org, dedicated to ethnic religion. He has also contributed to NewsJunkiePost, GodsOwnParty and Pagan+Politics.
