How will the Economy fair under Trump?

A

achilles28

Lost in the media circus around Trumps immigration plan, is Donald's economic/tax/trade plan. Again, I've never seen anything like it. It's incredibly pro-growth, pro-American jobs, pro-American manufacturing. This is something to get excited about. The economy will surge when we need it the most:


Corporate
- Corporate tax rate slashed from 35% to 15%
- Retained earnings held offshore pay 10% repatriation tax.
- Offshore tax deferral gets eliminated. Corporations can no longer shield taxes overseas.
- H1B's are forced to pay at domestic wage levels, encouraging hiring American citizens
- Employers will be forced to hire Americans first, before applying for H1B's
- Federal regulations are cut against American business.

Trade
- 35% tariffs are levied against offshore production centers. This punishes offshoring and brings Factories back to America.
- China and Japan are labeled currency manipulators and trade deals are renegotiated. Asia opens their markets to American products at ZERO tariffs, or they get their shit heavily taxed.

Personal Income Taxes
- Bottom 50% of filers pay ZERO tax
- Every bracket receives a tax cut
- Cap Gains is cut from 25% to at least 20%
- End the Death Tax (Estate Tax = Double taxation)
- Top and bottom brackets enjoy the biggest tax cuts

Government Spending
- Plans to cut Government spending and waste "tremendously"
- Shrink the size of Government
- Departments like Education and the EPA face massive cuts.
 
Frederick Foresight said:
Ask yourself how some of Trump's stakeholders have fared, since you effectively wish to become one yourself.
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Funny, coming from someone who wouldn't even think of telling people to ask how they've fared under obama's green energy black hole boondoggles.
 
achilles28 said:
Lost in the media circus around Trumps immigration plan, is Donald's economic/tax/trade plan. Again, I've never seen anything like it. It's incredibly pro-growth, pro-American jobs, pro-American manufacturing. This is something to get excited about. The economy will surge when we need it the most:


Corporate
- Corporate tax rate slashed from 35% to 15%
- Retained earnings held offshore pay 10% repatriation tax.
- Offshore tax deferral gets eliminated. Corporations can no longer shield taxes overseas.
- H1B's are forced to pay at domestic wage levels, encouraging hiring American citizens
- Employers will be forced to hire Americans first, before applying for H1B's
- Federal regulations are cut against American business.

Trade
- 35% tariffs are levied against offshore production centers. This punishes offshoring and brings Factories back to America.
- China and Japan are labeled currency manipulators and trade deals are renegotiated. Asia opens their markets to American products at ZERO tariffs, or they get their shit heavily taxed.

Personal Income Taxes
- Bottom 50% of filers pay ZERO tax
- Every bracket receives a tax cut
- Cap Gains is cut from 25% to at least 20%
- End the Death Tax (Estate Tax = Double taxation)
- Top and bottom brackets enjoy the biggest tax cuts

Government Spending
- Plans to cut Government spending and waste "tremendously"
- Shrink the size of Government
- Departments like Education and the EPA face massive cuts.
More...

There's a lot of interesting stuff in here. The problem is how he would accomplish it. Last I checked, the President can't just change income tax without Congress. It's great to have "pie in the sky" desires, but it's another thing to get them implemented.
 
fhl said:
Funny, coming from someone who wouldn't even think of telling people to ask how they've fared under obama's green energy black hole boondoggles.
More...
How about that fantastic wall that Mexico will pay for? The one with the beautiful door. It's all gonna be just great. It's gonna be wonderful. You're terrific. AMERICA!
 
Tsing Tao said:
There's a lot of interesting stuff in here. The problem is how he would accomplish it. Last I checked, the President can't just change income tax without Congress. It's great to have "pie in the sky" desires, but it's another thing to get them implemented.
More...
Totally agree. Trump will not have the dictatorial powers over Americans or their government that he is accustomed to in his business.
 
Ricter said:
Totally agree. Trump will not have the dictatorial powers over Americans or their government that he is accustomed to in his business.
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It might be particularly challenging to get things done when neither the Republicans nor Democrats will even want to be in the same room with him.

The Republican debate next week will be such fun.
 
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