Posted on 02/10/2016 2:33:49 AM PST by expat_panama
Trump spends the least per vote. Funny how that works when you are spending your own money instead of others.
Curious about this:
Does China have tariffs on American goods sold in China?
The answer is yes.
http://www.forbes.com/sites/baizhuchen/2012/07/12/tear-down-this-wall-the-chinese-tariff-wall/#1f4700bb56ef
http://www.idealtaxes.com/post3097.shtml
Does China manipulate its currency? Yes, China does.
http://thehill.com/blogs/pundits-blog/finance/251534-time-to-take-action-against-chinese-currency-manipulation
Thinking out of the box, if the US had a smart encompassing bilateral trade agreement with China and you had a half way decent negotiator, the agreement would include some kind of complex formula that would measure the change in value of the Yuan vs the US dollar and then multiply that delta change to the price of goods entering the US. Simply put, if China decreases the value of its Yuan then the price of Chinese products sold in the US would go up.
Also, you could apply that to the Chinese increasing/decreasing their tariffs on US goods sold in China. The estimated change in the increased/decreased tariffs applied to US goods sold in China would be automatically be applied to goods sold in the US. I would not define this as a tariff war. The changes would automatically occur as China changed its tariff positions.
Regarding Trump's tax policy (I have no clue why you said what you said above):
http://www.taxpolicycenter.org/UploadedPDF/2000560-an-analysis-of-donald-trumps-tax-plan.pdf
Presidential candidate Donald Trump has proposed tax reforms that would significantly reduce marginal tax rates for both individuals and businesses, increase standard deduction amounts to nearly four times current levels, limit or repeal some tax expenditures, repeal the individual and corporate alternative minimum taxes and the estate and gift taxes, and tax the profits of foreign subsidiaries of US companies in the year they are earned. The Tax Policy Center estimates the proposal would reduce federal revenue by $9.5 trillion over its first decade and an additional $15.0 trillion over the subsequent 10 years, before accounting for added interest costs or considering macroeconomic feedback effects.1 Most of the revenue loss would come from individual income tax cuts, but about a third would be from the reduction in the corporate income tax rate and the introduction of special rates on pass-through businesses.
The proposal would cut taxes at every income level, but high-income taxpayers would receive the biggest cuts, both in dollar terms and as a percentage of income. Overall, the plan would cut taxes by an average of about $5,100, or about 7 percent of after-tax income. However, the highest-income 0.1 percent of taxpayers (those with incomes over $3.7 million in 2015 dollars) would experience an average tax cut of more than $1.3 million in 2017, nearly 19 percent of after-tax income. Middle-income households would receive an average tax cut of $2,700, or 4.9 percent of after-tax income.
The significant marginal tax rate cuts would boost incentives to work, save, and invest if interest rates do not change. The plan would also reduce some tax distortions in the allocation of capital. However, increased government borrowing would push up interest rates and crowd out private investment, offsetting some or all of the plan’s positive incentive effects. Offsetting a deficit this large would require unprecedented cuts in federal spending.
The main elements of the Trump proposal, as we modeled them, are listed below. Appendix A discusses instances in which campaign documents and the candidates’ statements were unclear and presents the assumptions that we made in our modeling. Note that all of our estimates reflect the effects of the Protecting Americans from Tax Hikes Act of 2015 and the tax provisions in the Consolidated Appropriations Act of 2016 on current law baseline revenues as well as on the Trump plan.
somehow I'd remembered Trump saying he'd enlarge the % not paying any income taxes at all and make the rich pay for it. Of course, your link isn't a Trump link and folks tend to imagine hearing what they want to hear. By any chance, u got a Trump link w/ his tas specifics? I don't remember him talking about any spending cuts either...
Does the U.S. have tariffs on Chinese goods sold here? The answer is yes. From here: "Since 1979 China has been granted MFN status. List of Most-Favored Nation Tariffs here.
Here you go!
Months ago Trump said he would come out with a plan for spending cuts. To date he has not. He has mentioned cutting the departments of education, the EPA and I think energy.
http://www.huffingtonpost.com/entry/donald-trump-epa-education_us_56240035e4b02f6a900cc0e7
http://dailycaller.com/2015/10/19/trump-vows-to-cut-disgraceful-epa/
That's all I could find too. These days candidates don't say anything except "I'm great give me money" (yeah, even Mr. "My-Own-Money" Trump want's donations too). The beauty of letting second sources do the talking is it lets the guy say later whether he meant it or not w/o having to flip/flop.
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