Donald Trump Planning To Overhaul Tax System
Front running GOP presidential candidate, Donald Trump, is promising a plan to overhaul the tax system, calling himself “King of the Tax Code.”
He has been hinting at such a plan recently, saying that wealthy Americans should pay more taxes.
Mr. Trump says, “I know the hedge fund guys. … These guys don’t really build anything. They shuffle papers back and forth.”
He will unveil his plan to simplify the tax code and eliminate some deductions, asserting “nobody knows the tax code better than I do.”
Mr. Trump says hedge fund managers are big supporters of Democrat Hillary Rodham Clinton and GOP rival Jeb Bush, and adds, “I have a plan.”
He says hedge fund managers will not be happy.
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