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May 18, 2024
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let me ask bill gale. i found interesting you're looking, going to other kinds of taxes. not relying on the income tax for your ideal world. v.a.t. tax. i believe that is considered a consumption tax. everything i hear or been taught is the truth the best way to go. however, would you pair that with the retaining the current income tax? and also just from all of your experience and personal judgment, i am curious, what do you think is the highest level that should be appropriate for a high earner marginal income tax ask as you know it's already at 55% in high income states. for income over $1 million. approximately. >> thank you for the question. i do think we should retain the income tax. i think we could push the top rate up above the high 30s for the federal statutory rape. i am aware -- i don't, i don't think it, i'm not talked about 70% something like that. i think there's there's room there but i did but that is a top priority because i feel like it's too much of debate in d.c. and this applies not to just issue but especially the next year. too much of the debate i
let me ask bill gale. i found interesting you're looking, going to other kinds of taxes. not relying on the income tax for your ideal world. v.a.t. tax. i believe that is considered a consumption tax. everything i hear or been taught is the truth the best way to go. however, would you pair that with the retaining the current income tax? and also just from all of your experience and personal judgment, i am curious, what do you think is the highest level that should be appropriate for a high...
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May 13, 2024
05/24
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let me ask bill gale. i found interesting you're looking, going to other kinds of taxes. not relying on the income tax for your ideal world. v.a.t. tax. i believe that is considered a consumption tax. everything i hear or been taught is the truth the best way to go. however, would you pair that with the retaining the current income tax? and also just from all of your experience and personal judgment, i am curious, what do you think is the highest level that should be appropriate for a high earner marginal income tax ask as you know it's already at 55% in high income states. for income over $1 million. approximately. >> thank you for the question. i do think we should retain the income tax. i think we could push the top rate up above the high 30s for the federal statutory rape. i am aware -- i don't, i don't think it, i'm not talked about 70% something like that. i think there's there's room there but i did but that is a top priority because i feel like it's too much of debate in d.c. and this applies not to just issue but especially the next year. too much of the debate i
let me ask bill gale. i found interesting you're looking, going to other kinds of taxes. not relying on the income tax for your ideal world. v.a.t. tax. i believe that is considered a consumption tax. everything i hear or been taught is the truth the best way to go. however, would you pair that with the retaining the current income tax? and also just from all of your experience and personal judgment, i am curious, what do you think is the highest level that should be appropriate for a high...
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May 18, 2024
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william gale, who is a fellow at the brookings institution, said of e household tax formincluded in the trump 2017 bill, tax bill, expire 2025, meaning that whoever wins theion excuse me -- ver ns the election will have the opportunity to either fit to extend the legislation or let it lapse. an important effect of extending the 2017 tax cuts is it is estimated to cost an extra $3.8 trillion over the next decade without signify cuing services. the federt would balloon to 211% of gdp by 1154, compared to about 11% of gdp right now. by this argument, extending the existing tax cuts would be damaging to the debt and deficits, while you are arguing in your piece that biden would damage to that and deficits. guest: this is incredibly important. you have two diametrically opposite views of what we should do with the american economy. what trump believes is we have to unleash american businesses and workers. we have to have the best economy in the world. we have to grow the economy -- by the way, people know he can do it, because he did it when he was president. before covid, we had the best ec
william gale, who is a fellow at the brookings institution, said of e household tax formincluded in the trump 2017 bill, tax bill, expire 2025, meaning that whoever wins theion excuse me -- ver ns the election will have the opportunity to either fit to extend the legislation or let it lapse. an important effect of extending the 2017 tax cuts is it is estimated to cost an extra $3.8 trillion over the next decade without signify cuing services. the federt would balloon to 211% of gdp by 1154,...
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May 18, 2024
05/24
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william gale, who is a fellow at the brookings institution, said of e household tax formincluded in the trump 2017 bill, tax bill, expire 2025, meaning that whoever wins theion excuse me -- ver ns the election will have the opportunity to either fit to extend the legislation or let it lapse. an important effect of extending the 2017 tax cuts is it is estimated to cost an extra $3.8 trillion over the next decade without signify cutting services. the federt would balloon to 211% of gdp by 1154, compared to about 11% of gdp right now. by this argument, extending the existing tax cuts would be damaging to the debt and deficits, while you are arguing in your piece that biden would damage to that and deficits. guest: this is incredibly important. you have two diametrically opposite views of what we should do with the american economy. what trump believes is we have to unleash american businesses and workers. we have to have the best economy in the world. we have to grow the economy -- by the way, people know he can do it, because he did it when he was president. before covid, we had the best
william gale, who is a fellow at the brookings institution, said of e household tax formincluded in the trump 2017 bill, tax bill, expire 2025, meaning that whoever wins theion excuse me -- ver ns the election will have the opportunity to either fit to extend the legislation or let it lapse. an important effect of extending the 2017 tax cuts is it is estimated to cost an extra $3.8 trillion over the next decade without signify cutting services. the federt would balloon to 211% of gdp by 1154,...
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May 18, 2024
05/24
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the 2017 billtax bill, expire in 2025, meaning thawhoever wins the election -- excuse me -- whoever wins the election will have the opportunity to either fight to extend the legislation et it lapse. an important eff extending the 2017 tax cuts is it is estimatedst a extra $3.8 trilver e next dece without significantly cutting services. federal debt would balloon to 211% of gdp by 1154, compared to about 11% of gdp right now. by this argument, extending the existing tax cuts would be damaging to the debt and deficits, while you are arguing in your piece that biden would damage to that and deficits. guest: this is incredibly important. you have two diametrically opposite views of what we should do with the american economy. what trump believes is we have to unleash american businesses and workers. we have to have the best economy in the world. we have to grow the economy -- by the way, people know he can do it, because he did it when he was president. before covid, we had the best economy in american history, with the lowest poverty rate for every group. we had the lowest unemployment
the 2017 billtax bill, expire in 2025, meaning thawhoever wins the election -- excuse me -- whoever wins the election will have the opportunity to either fight to extend the legislation et it lapse. an important eff extending the 2017 tax cuts is it is estimatedst a extra $3.8 trilver e next dece without significantly cutting services. federal debt would balloon to 211% of gdp by 1154, compared to about 11% of gdp right now. by this argument, extending the existing tax cuts would be damaging to...