Face it. It is over. Trump won.

[Machiavellian]

Norris2k said:

sethnintendo said:

I agree with you if there are tax cuts then loopholes should be removed.  Problem is that few politicians want to get rid of the loopholes because they are controlled by special interest groups aka lobbyist.  They mainly just talk about lowering taxes and no mention of getting rid of loopholes.  I'm all for lower taxes if you cut exemptions out for personal (even ones that I benefit from like getting some money back from student loan interest, and house) and businesses.

Trump has been quite explicit about it, talking about ending "Carried Interest Tax Loophole". So it would give smaller companies the kind of low taxes global companies enjoy through loopholes. But at the end of the day, it depends if one can believe him on it or not. Obama also talked about it and just did nothing, so that's would not be new to be all talk, and no action. Based on campain funding alone, he is the one that has any chance to do it.

Could you find evidence where Trump has been explicit about getting rid of the loopholes.  From what I have found he made some off hand metion of removing loopholds but he was never made any specific and going through his tax plan there isn't anything there.  With Trump track record, and the fact that if he did not put it in writting the chance of him actually doing it is slim to none.  Just going by how Trump does business, his word means nothing and most time him putting something in writting means nothing as well.  You really have to go by what he actually put in writting and then from there beleive any talking point would be done to sell his plan but not neccessaryly something he would actually do.

Interesting enough, Hillary has made not only this claim to get rid of the "Carried Interest Tax loophole" she even went so far as to say she will institute executive action if Congress will not do it (which they will not).