Page 4 - aruba today sept 29,2015

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U.S. NEWSTuesday 29 September 2015

Trump unveils tax plan that would lower taxes for millions

Republican presidential candidate Donald Trump talks about his tax plan during a news JILL COLVIN presidential debate on
Associated Press Sept. 16 show retired neu-
conference, Monday, Sept. 28, 2015, in New York. The Republican front-runner is calling for an NEW YORK (AP) — Repub- rosurgeon Ben Carson nar-
lican presidential front-run- rowing the gap with Trump.
overhaul of the tax code that would eliminate income taxes for millions of Americans, while ner Donald Trump on Mon- Trump’s plan for an over-
day proposed eliminating haul of the U.S. tax code
lowering them for the highest-income earners and business. (AP Photo/Julie Jacobson) income taxes for millions of would eliminate federal in-
Americans, and lower rates come taxes on individuals
for the highest-income earning less than $25,000
earners, as part of a plan and married couples
he said would grow the U.S. earning less than $50,000.
economy at a pace not He said those individuals
seen in years. would receive “a new one
Trump’s tax plan is only the page form to send the IRS
third major policy proposal saying, ‘I win.’”
from Trump, who has also Trump’s plan would also
outlined plans for immigra- disproportionally benefit
tion and guns. He has been wealthy earners by lower-
criticized for failing to unveil ing the highest income tax
specific policy proposals as rate from 39.6 percent to 25
he’s risen to the top in early percent, and businesses by
preference polling nation- cutting their tax rate —
wide and in early voting from major corporations to
states. But polls taken af- mom-and-pop shops — to
ter the second Republican no more than 15 percent.
“There will be a major tax
McCarthy calls for beefed-up response to IS, Russia reduction,” Trump said at
a news conference at his
DEB RIECHMANN tions, said the U.S. should it. Because it does,” said the world is less safe and Trump Tower skyscraper in
consider putting some spe- McCarthy, who also reit- less secure because Amer- Manhattan. “It’ll simplify
Associated Press cial forces on the ground in erated his criticism of the ica is less engaged.” the tax code. It’ll grow the
Iraq to help coordinate air- international nuclear deal McCarthy is a heavy fa- American economy at a
WASHINGTON (AP) — The strikes against Islamic State with Iran. vorite to replace John level that it hasn’t seen for
militants. “We have lost the respect Boehner in one of the most decades.”
front-runner to become He also backed a no-fly of allies and adversaries powerful jobs in Washing- Trump said he wants to
zone in northern Syria to alike. We have isolated Is- ton and become second eliminate the so-called
the next leader of the U.S. stem the flow of refugees, rael while emboldening in line to succeed the “carried interest loophole”
and provide a space for nations like Iran. We let president. The speaker an- that allows managers of
House of Representatives Syrian rebels to fight the North Korea threaten South nounced his resignation Fri- hedge funds and private
militants — steps the White Korea, Russia encroach on day amid growing discon- equity firms to pay a lower
denounced President House has so far opposed. Ukraine and now China is tent among some of the tax rate than most individu-
“We must wage this war asserting a greater sphere most conservative mem- als, and would reduce or
Barack Obama’s foreign against radical Islam as of influence,” McCarthy bers of the House Republi- eliminate most deductions
if our life depended on said. “Wherever we look, can conference.q and loopholes for both indi-
policy on Monday, saying viduals and corporations.q

the U.S. has “lost the re-

spect of allies and adver-

saries alike.”

Republican Majority Lead-

er Kevin McCarthy, who

spoke after the president

addressed the United Na-