Skip to comments.Trump Tax Plan Will Bring Tremendous Movement of Capital and Labor Back to United States
Posted on 03/04/2016 1:33:47 PM PST by detective
Economist, radio host, and CNBC senior contributor Larry Kudlow appeared on Breitbart News Daily Friday morning to discuss economic issues in the presidential race, including his support for Donald Trumps economic platform, with some disagreement about the best way to handle unfair Chinese trade practices.
(Excerpt) Read more at breitbart.com ...
Yes he can, if he does a serious job of tax reform and get the feds out of state business.
He needs to talk about repealing crusing federal regulations, too.
He needs to talk about repealing crushing federal regulations, too.
Real money, not the ‘fiat’ money produced by the Federal Reserve’.
The U.S. is unique among developed nations in imposing both a high statutory corporate income tax rate of 35 percent (effective corporate tax rates are lower) and imposing tax on the profits that domestic corporations collect from their subsidiaries abroad. This policy of taxing foreign profits is called a “worldwide” system of taxation, and it contrasts with the “territorial” system employed by most developed countries including the United Kingdom and Canada, which generally tax only profits from domestic activities. The result is that U.S. corporations with subsidiaries in lower-tax jurisdictions face higher taxes on those foreign operations than they would if they were incorporated elsewhere. As Bloomberg View columnist Matt Levine wrote in 2014, “If we’re incorporated in the U.S., we’ll pay 35 percent taxes on our income in the U.S. and Canada and Mexico and Ireland and Bermuda and the Cayman Islands, but if we’re incorporated in Canada, we’ll pay 35 percent on our income in the U.S. but 15 percent in Canada and 30 percent in Mexico and 12.5 percent in Ireland and zero percent in Bermuda and zero percent in the Cayman Islands.”
The Economist explains:
The incentive is simple. America taxes profits no matter where they are earned, at a rate of 39% higher than in any other rich country. When a company becomes foreign through a merger, or inverts, it no longer owes American tax on its foreign profit. It still owes American tax on its American profit.
“Tremendous Movement of...Labor Back to United States””””
Jobs-—BUT NOT THE UNIONS!!! They are archaic no longer needed!!
My main purpose of bringing some manufacturing back to the United States is not so much jobs, but NATIONAL SECURITY. How on earth can we fly fighter or bombers, or even run Combines, when they are TOTALLY DEPENDENT on Chinese-made components?
It would be nice if he would just start talking about other country’s laws with respect to TTP.
Here’s a short video from 2008 (2min 16sec) It’s “The Guy from Boston”
I just want “Fair Trade”, “Fair Rules of Immigration”, etc.
Also, check out what Mexico does on their southern border. Tell me how a “Trump Wall” does anything more “Racist” than them.
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