RUSH: Trump Justifying The Top Tax Rate Is A Derivative Of ‘Democrat Party Class Warfare Rhetoric’

RUSH: Here’s Trump justifying the fact that there will not be much, if any, relief at all in the top tax rate…

THE PRESIDENT: Our framework includes our explicit commitment that tax reform will protect low-income and middle-income households, not the wealthy and well-connected. They can call me all they want. It’s not gonna help. I’m doing the right thing — and it’s not good for me, believe me.

CROWD: (applause)

THE PRESIDENT: But what is good for me, not only as president and legacy — what is good for me — is if everything takes off like a rocket ship, like it should have for 20 years. That’s good for me.

CROWD: (applause)

THE PRESIDENT: That’s good for everyone.

RUSH: Okay. Now, right there is populism. That is pure populism. Some might say it’s liberal. It’s a derivative of Democrat Party class warfare rhetoric. “Our framework includes our explicit commitment that tax reform will protect low-income and middle-income households, not the wealthy and well-connected. They can call me all they want. It’s not gonna help.” So you see, we continue to demonize high earners and high taxpayers. We demonize them. Somehow it’s not fair. So we demonize them, and then we punish them.

When everybody else getting a tax break, they don’t, and this is called “fairness.” What it really is is how to get votes from the middle class. This is a pure populist approach. This is not a conservative approach to tax reform whatsoever. On this one, President Trump is who he is. He is a full-fledged nationalist-populist, and this tax policy indicates that. That’s fine, that’s who he is. I’ve always… I’ve told everybody, “He’s not a conservative. He’s not an ideologue.

“And he thinks that there is great political value in telling the country that the well-connected and the rich aren’t gonna get anything.” He is of the belief that a lot of people react favorably to the news that the rich are gonna get soaked or that the rich are not gonna benefit when everybody else does. That doesn’t promote growth. See, that’s the problem. They talk about this being a pro-growth plan.

I’m just using the numbers here, folks. I couldn’t care less personally, either. The fact of the matter is the growth engine requires people being hired, requires people being invested in small businesses and their growth. And if there’s no incentive, and if the high earners who do all that don’t have any additional discretionary income to hire, if they’re gonna depend on employees to grow the economy… Let’s take a look at it that way.

Gonna depend on employees to grow the economy? Nothing wrong with employees, but employees, by definition, don’t have equity stake. Employees don’t invest unless they buy stock, but I mean the management structure, the employees don’t have any ownership. Something’s gonna have to happen for the employees to have more disposable income so that they can then create this economic activity, but the employees don’t hire other people. They, by definition, get hired.

So if you want growth, you’re gonna have to have the people who hire and who grow and expand, you’re gonna have to find a way to get them more disposable income too. If you leave ’em out, where’s the growth gonna come from? Growth smowth. Any tax plan that comes along that genuinely raises more money to Washington, the Democrats still unilaterally oppose it, because they say the rates are unfair.

So it isn’t about revenue.

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