Time to Get Tough, by Donald Trump: on Corporations
Barack Obama:
At a certain point, you've made enough money
In 2008, then-candidate Barack Obama made his intentions crystal clear: "I believe that when you spread the wealth around, it's good for everybody." So we knew where this was heading all along, because it's not government's job to spread your money
around. You spread it around yourself when you decide how you want to spend it, invest it, or donate it. Obama supports taxes because he believes government should decide more and you should decide less.
The Obamas telegraphed their anti-wealth message. As President Obama confessed, "I do think at a certain point you've made enough money," as if it's
his or the government's place to decide how hard you work and how much wealth and opportunity you create."
Source: Time to Get Tough, by Donald Trump, p. 59-60
Dec 5, 2011
Barack Obama:
Michelle Obama: Work for community, not corporate America
Based on their words and policies, Michelle and Barack Obama apparently believe that capitalism and entrepreneurship are bad. The way they see it, raising taxes is a way to punish people for having the audacity to work hard and get rich.
As First Lady Michelle Obama put it in a speech in Ohio to a woman's group: "Don't go into corporate America. You know, become teachers. Work for the community. Be social workers. Be a nurse.
Make that choice, as we did, to move out of the money-making industry into the helping industry." Teachers and nurses are great, but to tell people that being in business is somehow illegitimate
and not part of the "helping industry" is a horrible message to send to people. Especially young people interested in business and entrepreneurship.
Source: Time to Get Tough, by Donald Trump, p. 60
Dec 5, 2011
Donald Trump:
0% corporate tax would create millions of jobs
We need to lower the U.S. corporate tax rate from 39 percent to zero. America's corporate tax rate is the second highest on the planet. The international average is 26 percent.
How can we expect companies to hire American workers and locate their business in America when our government taxes them at exorbitant rates for doing so? That's crazy. I want to encourage American companies to stay here and hire
American workers, and I want foreign companies to relocate their businesses to the United States and create jobs here.
We are the greatest country on planet earth--the world's companies want to be here. A zero percent corporate tax would create an unprecedented jobs boom. Millions of jobs would materialize.
Source: Time to Get Tough, by Donald Trump, p. 63
Dec 5, 2011
Donald Trump:
Fight crony capitalism with a level playing field
One thing the Tea Party folks and the Occupy Wall Street people can and should agree on is tackling the rampant problem in the Obama administration of crony capitalism. We've already seen with Solyndra and
Fisker how the president's pals and big time campaign donors all got sweetheart loans and deals and stuck taxpayers with the bill. I predict we haven't heard the last of it and that the
Obama administration engaged in many more cases of funneling money to companies connected to the president and his donors. Mark my word.I love capitalism enough to protect it. There has to be a level playing field where everyone can compete fairly.
The guy swinging a hammer all day shouldn't have the government reaching in his pocket and handing his taxes to Obama's big shot donors. It's wrong and unfair.
Source: Time to Get Tough, by Donald Trump, p.188
Dec 5, 2011
Ronald Reagan:
Businesses don't pay taxes; it's all passed on to customers
Here's how President Reagan explained the corrosive influence of corporate taxes on the average American:"Some say shift the tax burden to business and industry, but business doesn't pay taxes. Oh, don't get the wrong idea. Business is being taxed,
so much so that we're being priced out of the world market. But business must pass its costs of operations--and that includes taxes--on to the customer in the price of the product. Only people pay taxes, all the taxes.
Government just uses businesses in a kind of sneaky way to help collect the taxes. They're hidden in the price; we aren't aware of how much tax we actually pay."
Reagan was right. If Americans understood just how many hidden government fees and taxes are absorbed into the price of the goods and services they buy, they would be irate.
Source: Time to Get Tough, by Donald Trump, p. 57
Dec 5, 2011
Page last updated: May 20, 2016