The Real Trump? Here's the Real Trump, this just in...

[Siete]

corporations wont pull up stakes and move their over sea operations back to the US if tax rates drop to ZERO ..

wont happen as long as they can get cheap ass labor.

the end.

The whole point of the tax cut is to encourage corporation to bring their overseas profits back to the US, not to bring jobs back. Currently they're holding the money offshore, because they will be taxed at their current rates on the amount they bring home.

While I agree that moneys which have been taxes overseas, should not be double taxed when it comes home, I strongly disagree with the notion that multi-nationals are paying 35%.

The only corporations paying the top rate are small, closely held corporations. The effective rate for large multi-nations is in the neighbourhood ot 10 - 15%. So the proposed cuts will benefit large multi-nationals most of all.

the $ isnt double taxed ... and those profits that make it back home do what, start a business, or go into an investment portfolio ?

The right seems to think that these corporations will use the money to create jobs. Given that these same corporations are already awash in cash, and could easily expand and hire using those $$$ and haven't, I seriously doubt that ANY of the money currently off=shore will be used for anything other than dividends and executive bonuses.

^^^^^^^^^^^^^ that ^^^^^^^^^^^^

 

[radical right]

The federal government has no claim on perceived taxes, Cut taxes help the American people immensely. Fact

Maybe you missed the millions of jobs lost following the last time they cut corporate tax rates.

 

[kiwiman127]

It needs to be cut. It's nearly 39%.
The U.S has the highest corporate income tax rate among the 35 industrialized nations of the Organisation for Economic Co-operation and Development.

After all the loopholes the US allows, the average effective rate is 12.6 according to the GAO.
GAO: U.S. corporations pay average effective tax rate of 12.6%
Many corporations don't pay any federal taxes.
More Than 90% Of US Businesses Don't Pay The Corporate Income Tax
Oh, the poor American corporations. Right, just keep on sucking down the kool-aid!

 

[kiwiman127]

Trump Wants Tax Plan to Cut Corporate Rate to 15%

"WASHINGTON—President Donald Trump has ordered White House aides to draft a tax plan that slashes the corporate tax rate to 15%, even if that means a loss of revenue, according to people familiar with the directive.

During a meeting in the Oval Office last week, Mr. Trump told staff he wants a massive tax cut to sell to the American public, these people said. He told aides it was less important to him that such a plan could add to the federal budget deficit..."

(and no you don't need the rest of the article (subscribers only) to get the point)

There it is. Trump effectively conceded that a huge corporate tax cut may very well balloon the deficit...

...and he doesn't care. I doubt that many of the big money corporate interests that apparently have Trump in their pocket care either.

Here's another look:

Trump Wants to Slash the Corporate Tax Rate to 15%: WSJ

The federal government has no claim on perceived taxes, Cut taxes help the American people immensely. Fact

And that explains the disappearing middle class.

 

[NYcarbineer]

Trump Wants Tax Plan to Cut Corporate Rate to 15%

"WASHINGTON—President Donald Trump has ordered White House aides to draft a tax plan that slashes the corporate tax rate to 15%, even if that means a loss of revenue, according to people familiar with the directive.

During a meeting in the Oval Office last week, Mr. Trump told staff he wants a massive tax cut to sell to the American public, these people said. He told aides it was less important to him that such a plan could add to the federal budget deficit..."

(and no you don't need the rest of the article (subscribers only) to get the point)

There it is. Trump effectively conceded that a huge corporate tax cut may very well balloon the deficit...

...and he doesn't care. I doubt that many of the big money corporate interests that apparently have Trump in their pocket care either.

Here's another look:

Trump Wants to Slash the Corporate Tax Rate to 15%: WSJ

The federal government has no claim on perceived taxes, Cut taxes help the American people immensely. Fact

Then we should cut taxes to zero and get infinite revenues for the running of the government.

 

[Rustic]

The federal government has no claim on perceived taxes, Cut taxes help the American people immensely. Fact

Maybe you missed the millions of jobs lost following the last time they cut corporate tax rates.

The federal government cannot create jobs… Fact

 

[rightwinger]

Slashing taxes for the most wealthy Americans has been a tactic of the GOP for decades. What is the goal? To perpetuate wealth inequality. It is one of their easiest ways to strip the middle class and funnel money to the top 1%. Deplorable, but not unexpected.

The ultimate problem for the orange clown is that as he further depletes the collection of taxes, he will have to ask for trillions in borrowed money (along the same lines as to why he had to declare bankruptcy so many times).....and as dumb as republicans in congress may already be, THAT may finally wake them up to the orange failure.

Trump is cutting the size of government, that means less spending. When you spend less you don't have to take in as much taxes. I bet you libtards failed in economics, didn't ya?

How much has Trump cut?

Where?

 

[Dragonlady]

corporations wont pull up stakes and move their over sea operations back to the US if tax rates drop to ZERO ..

wont happen as long as they can get cheap ass labor.

the end.

Where are they going to go. They are in Kurdistan and Iraq now. Not too many undeveloped places left, til we create them. China's labor is going up, and hopefully Mexicans will start asking for more money, the way I see it, its the workers against the Corps. With the Gop killing unions here expect wages to be stagnant, and you will work more and get paid less.

Now that the US is approaching full employment, wages are rising, but Obama had to replace ALL of the jobs that W lost, and keep up with new people entering the labour force, for the past 7 years to get to this point.

 

[radical right]

The federal government cannot create jobs… Fact

Is that a quote from the 2 million federal workers?

 

[Rustic]

The federal government cannot create jobs… Fact

Is that a quote from the 2 million federal workers?

Federal jobs are not real jobs someone has to pay for those jobs, obviously we need military, police and fire as a necessity. But civilian federal jobs are not real jobs...

 

[Dragonlady]

Trump Wants Tax Plan to Cut Corporate Rate to 15%

"WASHINGTON—President Donald Trump has ordered White House aides to draft a tax plan that slashes the corporate tax rate to 15%, even if that means a loss of revenue, according to people familiar with the directive.

During a meeting in the Oval Office last week, Mr. Trump told staff he wants a massive tax cut to sell to the American public, these people said. He told aides it was less important to him that such a plan could add to the federal budget deficit..."

(and no you don't need the rest of the article (subscribers only) to get the point)

There it is. Trump effectively conceded that a huge corporate tax cut may very well balloon the deficit...

...and he doesn't care. I doubt that many of the big money corporate interests that apparently have Trump in their pocket care either.

Here's another look:

Trump Wants to Slash the Corporate Tax Rate to 15%: WSJ

The federal government has no claim on perceived taxes, Cut taxes help the American people immensely. Fact

False. If those tax cuts result in loss of Obamacare subsidies, or a lower standard of education, or the infrastructure continues to crumble as a result, these things are HURTING, not helping.

The US is losing jobs because your population is NOT well educated, and your infrastructure is crumbling, not just because of high labour costs. Countries like Ireland have spent heavily on infrastructure and have a better education system than the US. Yes, they have a low tax rate, but so does Mynamar and I don't see American companies lining up to relocate there.

 

[Kosh]

Trump Wants Tax Plan to Cut Corporate Rate to 15%

"WASHINGTON—President Donald Trump has ordered White House aides to draft a tax plan that slashes the corporate tax rate to 15%, even if that means a loss of revenue, according to people familiar with the directive.

During a meeting in the Oval Office last week, Mr. Trump told staff he wants a massive tax cut to sell to the American public, these people said. He told aides it was less important to him that such a plan could add to the federal budget deficit..."

(and no you don't need the rest of the article (subscribers only) to get the point)

There it is. Trump effectively conceded that a huge corporate tax cut may very well balloon the deficit...

...and he doesn't care. I doubt that many of the big money corporate interests that apparently have Trump in their pocket care either.

Here's another look:

Trump Wants to Slash the Corporate Tax Rate to 15%: WSJ

The federal government has no claim on perceived taxes, Cut taxes help the American people immensely. Fact

False. If those tax cuts result in loss of Obamacare subsidies, or a lower standard of education, or the infrastructure continues to crumble as a result, these things are HURTING, not helping.

The US is losing jobs because your population is NOT well educated, and your infrastructure is crumbling, not just because of high labour costs. Countries like Ireland have spent heavily on infrastructure and have a better education system than the US. Yes, they have a low tax rate, but so does Mynamar and I don't see American companies lining up to relocate there.

The far left is loosing all over the world and they prove they do not understand why!

 

[debbiedowner]

It needs to be cut. It's nearly 39%.
The U.S has the highest corporate income tax rate among the 35 industrialized nations of the Organisation for Economic Co-operation and Development.

And what 1 in 5 corps pay nothing and the rest pay an average of 14% after they take all their deductions. So we lower to 15% corps pay nothing after the tax breaks. Adding another 2.4 to 4 trillion in debt, to the already debt we're in. Yea, very smart.

 

[nat4900]

How much has Trump cut?

Where?

Well, to be "fair" all that the WH kitchen staff has to do instead of preparing those expensive lunches, is to have someone run to the nearest McDonald's.......
Just look at the savings....LOL

 

[Rustic]

Trump Wants Tax Plan to Cut Corporate Rate to 15%

"WASHINGTON—President Donald Trump has ordered White House aides to draft a tax plan that slashes the corporate tax rate to 15%, even if that means a loss of revenue, according to people familiar with the directive.

During a meeting in the Oval Office last week, Mr. Trump told staff he wants a massive tax cut to sell to the American public, these people said. He told aides it was less important to him that such a plan could add to the federal budget deficit..."

(and no you don't need the rest of the article (subscribers only) to get the point)

There it is. Trump effectively conceded that a huge corporate tax cut may very well balloon the deficit...

...and he doesn't care. I doubt that many of the big money corporate interests that apparently have Trump in their pocket care either.

Here's another look:

Trump Wants to Slash the Corporate Tax Rate to 15%: WSJ

The federal government has no claim on perceived taxes, Cut taxes help the American people immensely. Fact

False. If those tax cuts result in loss of Obamacare subsidies, or a lower standard of education, or the infrastructure continues to crumble as a result, these things are HURTING, not helping.

The US is losing jobs because your population is NOT well educated, and your infrastructure is crumbling, not just because of high labour costs. Countries like Ireland have spent heavily on infrastructure and have a better education system than the US. Yes, they have a low tax rate, but so does Mynamar and I don't see American companies lining up to relocate there.

The federal government does not determine the success of the country, private business does that… Fact

 

[Muhammed]

That's why us "rich" people cut you out of the action.

Yeah, sure, moron.....Go peddle in your hot dog cart.....LOL

My IQ = 158. The chance that your IQ is within 50 points of mine is VERY, VERY, slim, jackass.

You don't have any room to call anyone a moron.

 

[NYcarbineer]

The ultimate problem for the orange clown is that as he further depletes the collection of taxes, he will have to ask for trillions in borrowed money (along the same lines as to why he had to declare bankruptcy so many times).....and as dumb as republicans in congress may already be, THAT may finally wake them up to the orange failure.

Trump is cutting the size of government, that means less spending. When you spend less you don't have to take in as much taxes. I bet you libtards failed in economics, didn't ya?

Trump has a degree in economics from Wharton.

That doesn't mean he went to class or that he learned anything. For all you know, he could have paid someone to do his assignments and essays. Trump was never a great student, so I doubt he passed without all of the assistance that money can buy.

Well in fairness he's not the first Republican not to give a shit about deficits as the cost of giving big tax cuts to the rich.

My goodness!! You are railing about the rich.

That's called "envy" or "jealously". (one of the 7 deadly sins that can lead to your demise).

People have an innate ability to recognize it when a fellow human such as yourself is a jealous piece of shit.

That's why us "rich" people cut you out of the action.

What makes the Rich entitled to be immune from criticism?

 

[NYcarbineer]

[My IQ = 158. .

lol, my IQ is 138 which makes me easily smart enough to know you're full of shit.

 

[NYcarbineer]

A 15% corporate tax rate would be a boon for the economy. I hope they are successful in passing it.

How?

The federal government cannot create jobs… Fact

Is that a quote from the 2 million federal workers?

Federal jobs are not real jobs someone has to pay for those jobs, obviously we need military, police and fire as a necessity. But civilian federal jobs are not real jobs...

Police and firefighters ARE civilian jobs, idiot.

 

[NYcarbineer]

The federal government has no claim on perceived taxes, Cut taxes help the American people immensely. Fact

Maybe you missed the millions of jobs lost following the last time they cut corporate tax rates.

The federal government cannot create jobs… Fact

Who created the jobs in the military? Who creates the jobs that make the materials for the defense department?

Trump Wants Tax Plan to Cut Corporate Rate to 15%

"WASHINGTON—President Donald Trump has ordered White House aides to draft a tax plan that slashes the corporate tax rate to 15%, even if that means a loss of revenue, according to people familiar with the directive.

During a meeting in the Oval Office last week, Mr. Trump told staff he wants a massive tax cut to sell to the American public, these people said. He told aides it was less important to him that such a plan could add to the federal budget deficit..."

(and no you don't need the rest of the article (subscribers only) to get the point)

There it is. Trump effectively conceded that a huge corporate tax cut may very well balloon the deficit...

...and he doesn't care. I doubt that many of the big money corporate interests that apparently have Trump in their pocket care either.

Here's another look:

Trump Wants to Slash the Corporate Tax Rate to 15%: WSJ

The federal government has no claim on perceived taxes, Cut taxes help the American people immensely. Fact

False. If those tax cuts result in loss of Obamacare subsidies, or a lower standard of education, or the infrastructure continues to crumble as a result, these things are HURTING, not helping.

The US is losing jobs because your population is NOT well educated, and your infrastructure is crumbling, not just because of high labour costs. Countries like Ireland have spent heavily on infrastructure and have a better education system than the US. Yes, they have a low tax rate, but so does Mynamar and I don't see American companies lining up to relocate there.

The federal government does not determine the success of the country, private business does that… Fact

Then you admit it was stupid for Trump, a businessman in the private sector, to go into the federal government on the pretense of making the country more successful?

lol, good one.