Why Trump is at a disadvantage in this election...

[Toddsterpatriot]

Lolol maybe 1200 jobs and that's a stretch. I told you not to fall for the lies and hype . Even some of those jobs would be temporary.

How many refinery jobs? How much tax from refinery activity?

 

[healthmyths]

Lolol maybe 1200 jobs and that's a stretch. I told you not to fall for the lies and hype . Even some of those jobs would be temporary.

Where are your facts?

Biden admin quietly admits canceling Keystone XL Pipeline cost thousands of jobs, billions of dollars​

President Biden's decision to revoke pipeline's permits hurt 'working families,' Montana senator says​

The Biden administration published a congressionally mandated report highlighting the positive economic benefits the Keystone XL Pipeline would have had if President Biden didn't revoke its federal permits.

The report, which the Department of Energy (DOE) completed in late December without any public announcement, says the Keystone XL project would have created between 16,149 and 59,000 jobs and would have had a positive economic impact of between $3.4-9.6 billion, citing various studies. A previous report from the federal government published in 2014 determined 3,900 direct jobs and 21,050 total jobs would be created during construction which was expected to take two years.

Biden admin quietly admits canceling Keystone XL Pipeline cost thousands of jobs, billions of dollars

The Department of Energy issued a congressionally mandated report late last month highlighting the positive economic benefits the Keystone XL project would have had.

www.foxnews.com

AGAIN are you going to show where you got your total lie!

 

[surada]

How many refinery jobs? How much tax from refinery activity?

Refinery jobs? Maybe an additional 30-40 people. They avoid taxes by refining in Free Trade Zones. It been hyped shamefully.

 

[Toddsterpatriot]

Refinery jobs? Maybe an additional 30-40 people. They avoid taxes by refining in Free Trade Zones. It been hyped shamefully.

What happens when they refine in a free trade zone?

 

[surada]

What happens when they refine in a free trade zone?

A free trade zone (FTZ), also known as a foreign trade zone, is a geographic area that allows companies to import, store, handle, manufacture, or re-export goods under specific customs regulations. FTZs are usually not subject to customs duty and are considered outside of US Customs territory for legal purposes.

Economic Development Partnership of North Carolina
Foreign Trade Zones - EDPNC - Economic Development Partnership of North Carolina
Foreign trade zones (FTZ), sometimes known as free trade zones, are geographically designa...
FTZs can offer several economic advantages to companies involved in international trade, including:
No duties on imported goods that are later re-exported
Delayed payment of duties on goods that enter the U.S. market
Reduced duties if a lower tariff rate applies to the finished product leaving the zone
Elimination of duties on waste, scrap, and rejected or defective parts
Reductions in merchandise processing fees
However, FTZs also require more stringent inventory controls and reporting requirements. In addition, many products subject to an internal revenue tax, such as alcoholic beverages, tobacco products, and firearms, cannot be manufactured in a zone. Retail trade of foreign merchandise is also not permitted in a FTZ.
The FTZ Board (Commerce, Treasury) licenses and regulates FTZs, which remain under the direct supervision of U.S. Customs and Border Protection. FTZ sites are generally required to be located within or adjacent to a U.S. Customs and Border Protection port of entry.
Generative AI is experimental.

 

[surada]

Where are your facts?

Biden admin quietly admits canceling Keystone XL Pipeline cost thousands of jobs, billions of dollars​

President Biden's decision to revoke pipeline's permits hurt 'working families,' Montana senator says​

The Biden administration published a congressionally mandated report highlighting the positive economic benefits the Keystone XL Pipeline would have had if President Biden didn't revoke its federal permits.

The report, which the Department of Energy (DOE) completed in late December without any public announcement, says the Keystone XL project would have created between 16,149 and 59,000 jobs and would have had a positive economic impact of between $3.4-9.6 billion, citing various studies. A previous report from the federal government published in 2014 determined 3,900 direct jobs and 21,050 total jobs would be created during construction which was expected to take two years.

Biden admin quietly admits canceling Keystone XL Pipeline cost thousands of jobs, billions of dollars

The Department of Energy issued a congressionally mandated report late last month highlighting the positive economic benefits the Keystone XL project would have had.

www.foxnews.com

AGAIN are you going to show where you got your total lie!

That's all lies. I told you about the hype. TransCanada would borrow billions in this scam and they take enough money off the top to make them all rich.

 

[surada]

The basics of Foreign-Trade Zones (FTZs). What are they?

US companies are using this perk thanks to the US Customs and Border Protection. Learn what is a Foreign Trade Zone and the benefits

tax.thomsonreuters.com

What is a Foreign-Trade Zone?
Foreign-Trade Zones (FTZs) are specially designated sites near U.S. ports of entry that allow importers and exporters of all sizes to move goods in and out of the country paying reduced or no customs duties, taxes, or fees. Designed to help U.S. companies remain globally competitive, companies operating in an FTZ are treated as if they are outside of U.S. Customs territory for duty purposes.

In addition to customs deferrals and exemptions, FTZs can help companies save money in many other ways as well. By using FTZs strategically, companies can optimize their supply chains, streamline logistics, gain control over their inventory, minimize regulatory hassles, and take advantage of tax breaks unavailable to companies operating outside of FTZs, among other things.

 

[healthmyths]

Because he did a shit job as POTUS his first chance and is now talking about spending 4 years of his next term getting revenge on anyone and everyone that ever crossed him?

You know why people don't believe people like you? NO F...king proof of your statement "shit job"!
Prove it otherwise there is over $1 trillion to prove you wrong!
FACT!!!

U.S. companies have repatriated $1 trillion since tax overhaul

That's still short of the $4 trillion in overseas profits that President Trump would return as a result of the 2017 tax law.

www.latimes.com

Now dummy... how much tax revenue has come from that $1 trillion?
FACT Rather, these multinationals gave $170 billion to shareholders last year by paying out dividends and buying back large amounts of their stock in order to boost their stock price.

Corporations Would Likelier Use “Repatriated” Profits to Buy Back Stock Than Invest | Center on Budget and Policy Priorities

President Trump has urged “repatriating” — that is, bringing back to the United States — U.S. multinational corporations’ foreign profits as a way to “spur billions of dollars in new...

www.cbpp.org

Nonqualified dividends are taxed as income at rates up to 37%.

How Are Dividends Taxed? Dividend Tax Rates for 2023-2024 - NerdWallet

Here's a guide to calculating your dividend tax rate, plus how to report dividend income and how to score tax advantages.

www.nerdwallet.com

And the repatriation of money kept overseas has done this according to the CBO would add billions to the USA tax revenues because the $1 trillion brought back.

 

[healthmyths]

That makes zero fucking sense.

Regulations on what specifically? Context, fool!

Since 2019. We US citizens enjoy it. BTW, exports hit record highs in 2022.

U.S. energy facts - imports and exports - U.S. Energy Information Administration (EIA)

U.S. energy imports and exports since 1950.

www.eia.gov

Please then explain as with much of your little knowledge the below chart!
The Congressional Budget Office chart shows what idiots like you think if you tax more of the wealthy that creates more tax revenue.
WRONG...
After cutting from 35% to 15.5% businesses brought back over $1 trillion of which were And this is what some of those companies did with the repatriated funds!

Apple, for example.
The tech behemoth is expected to use $100 billion of its repatriated cash to repurchase Apple stock.

Ely Lily, the global pharmaceutical outfit, will use much of the $2 billion that it’s bringing back home to pay down debt.
Multinational biotech company Biogen is planning to use its $3.5 billion for mergers and acquisitions, and through this process of buying new companies, it intends to return capital to its shareholders. Johnson & Johnson, that stalwart of medical devices, pharmaceuticals and consumer packaged goods, is bringing back $12.0 billion, which it plans to use to fund some of their US operations, thus eliminating its need for borrowing.

Repatriation Of Cash: What Companies Are Doing With The Cash They Can Now Bring Home

What are companies doing with all this repatriated cash? A lot. But most of the action is happening on balance sheets.

www.wesmoss.com

And the results will be the below Congressional Budget Office chart

So idiots like you are so dumb when it comes to businesses!

 

[Toddsterpatriot]

A free trade zone (FTZ), also known as a foreign trade zone, is a geographic area that allows companies to import, store, handle, manufacture, or re-export goods under specific customs regulations. FTZs are usually not subject to customs duty and are considered outside of US Customs territory for legal purposes.

Economic Development Partnership of North Carolina
Foreign Trade Zones - EDPNC - Economic Development Partnership of North Carolina
Foreign trade zones (FTZ), sometimes known as free trade zones, are geographically designa...
FTZs can offer several economic advantages to companies involved in international trade, including:
No duties on imported goods that are later re-exported
Delayed payment of duties on goods that enter the U.S. market
Reduced duties if a lower tariff rate applies to the finished product leaving the zone
Elimination of duties on waste, scrap, and rejected or defective parts
Reductions in merchandise processing fees
However, FTZs also require more stringent inventory controls and reporting requirements. In addition, many products subject to an internal revenue tax, such as alcoholic beverages, tobacco products, and firearms, cannot be manufactured in a zone. Retail trade of foreign merchandise is also not permitted in a FTZ.
The FTZ Board (Commerce, Treasury) licenses and regulates FTZs, which remain under the direct supervision of U.S. Customs and Border Protection. FTZ sites are generally required to be located within or adjacent to a U.S. Customs and Border Protection port of entry.
Generative AI is experimental.

FTZs are usually not subject to customs duty

And what taxes are they subject to?