Will Trump’s Tax Plan Really Help Americans?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 3 October 2024

⏱️ 4 minutes

🔗️ Recording | iTunes | RSS

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Summary

📱For more content that keeps you motivated, download the Ramsey Network app. Americans deserve to know what their presidential candidates will do about real issues that matter to real people. So, we reached out to both candidates to give them the opportunity to sit down with Dave and share their ideas. Dave took everyday Americans’ questions about the economy to Donald Trump in a real-talk interview. Founder and CEO of Ramsey Solutions, Dave Ramsey is a financial expert and national bestselling author. Over the last 30 years, Ramsey Solutions has delivered clear, no-nonsense money advice through radio shows, podcasts, books, courses and tools, helping millions of people take control of their money and build wealth.  Each week, 8 million people tune in to The Ramsey Show across podcasts and YouTube for advice on money, careers, and relationships.   Learn more about Ramsey Solutions here    Explore More Shows From Ramsey Network: 🎙️ The Ramsey Show 🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💰 George Kamel 💼 The Ken Coleman Show 📈 EntreLeadership Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Brought to you by the Ramsey Network app. Download for content that keeps you motivated today.
0:08.4	And you and I were talking before we turn the cameras on that we have a mutual friend in Art Laffer.
0:12.6	And I know he helped a little bit with the tax code in the last administration.
0:16.9	And I personally have experienced the Laffer curve, that lower taxes causes increased revenues to the federal government because it heats up the economy.
0:25.5	And I'm a small business guy.
0:26.7	When you lower my taxes, it doesn't mean I put it in my pocket.
0:29.6	It means I hire people.
0:30.6	Right.
0:31.1	And so talk about lowering taxes in the first year of your administration.
0:34.9	Yeah, you probably saw my plan, and I think we have something really good.
0:39.5	I was yesterday in North Carolina, which is great.
0:42.6	That was the furniture capital of the world, and China then went in and did a number and
0:47.1	took so much of that business, you know, most of that business.
0:51.1	The talent, I used to go there to buy furniture for hotels and things.
0:54.6	Hickory, North Carolina.
0:55.8	Yep, in Hickory.
0:56.7	I was in Hickory yesterday and made a speech, and we're going to bring it all back.
1:01.3	What we're doing is there's sort of a two-face.
1:03.2	Number one, I took taxes from 39% to 21%.
1:07.3	You know that better than anyone.
1:09.2	It's the largest tax cuts in the history of our country.
1:12.3	And that was great. That's why we became so successful. You know, it's funny. You think we can do that again.
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