Trump to cut corporate tax rate to 15%
- Thread starter Cuddles
- Start date
http://www.cnbc.com/2016/09/20/us-c...a-half-trillion-dollars-in-cash-overseas.html
US companies are hoarding $2.5 trillion in cash overseas
Jeff Cox | @JeffCoxCNBCcom
Tuesday, 20 Sep 2016 | 9:47 AM ETCNBC.com
The overseas cash stash for U.S. companies continues to swell, with only scant hope of it being brought back home as Washington continues to debate repatriation.
American companies are holding $2.5 trillion abroad, an increase of nearly 20 percent over the past two years, according to the latest calculations from forecaster Capital Economics. The total is equivalent to nearly 14 percent of total U.S. gross domestic product.
They will invest the money in public equities (furthering the stock market bubble) and they will spend some of the money on luxury goods (which are largely made outside the USA).
The boardroom boyz will only invest in new businesses that will create jobs only if they see the demand for more products and services. Historically, reducing taxes on the wealthy doesn't do that.
Germany was the sick man of europe and they had the highest tax rate.
The sick man of the euro | The Economist
www.economist.com/node/209559
Jun 3, 1999 - The biggest economy in the euro area, Germany's, is in a bad way. ... the country is being branded the sick man (or even the Japan) of Europe.
Dropped tax rates and made labor reforms to hold down wages and now they're the country that everyone loves to hate. Because they're too strong or something.
This tax gift to the billionaire will not create jobs. Demand for goods/services and price create jobs.Tax cuts create neither. Will the price for products be lowered? No. Will some great new product that everyone just must have suddenly appear? No. Creating jobs is simple and I'm surprised Trump hasn't been able to sell it considering his background. He's wasting time on healtcare insurance reforms which does nothing to address the actaul problem of healthcare cost, and this tax scam. Infrastructure rebuild is the path to fixing the real economy and creating jobs. Of course the hyperventilating right asks how do we pay for it? With a tax, thats how. Oh no, perish the thought. No dumb fucks, a tax is the obvious solution. Everyone who actually works for a living knows how the construction game is played, and so does Trump. You pay to play. The sell is easy. Hey boys, we're going to skim a couple percent out of your check to pay for this rebuild. In turn you get solid work for years to come. Every guy who punches a clock says, when do we start? Demand for necessary products ensue, work from the big boys trickles all through the job market and the economy booms. Or we can just keep feeding the financial rapists who push paper, manipulate markets, stuff their pockets and create nothing.
as far as the economics argument... its very hard to say what the net result of lowering taxes will be.
but if I were to argue in favor of the cut...
1. there should be more investment into businesses here in because the potential return will be much higher
2. this action should prevent and even undue inversions. keeping jobs and cash here
3. it may result in overall much higher tax reveneues as the money from overseas come in... and it could result in higher revenues after that.
4. it may or may not change the behavior of those who already have the billions.
I understand there are counter arguments... but I am always in favor of cutting until we see the cuts fail.
I would have done it differently...
but if I were to argue in favor of the cut...
1. there should be more investment into businesses here in because the potential return will be much higher
2. this action should prevent and even undue inversions. keeping jobs and cash here
3. it may result in overall much higher tax reveneues as the money from overseas come in... and it could result in higher revenues after that.
4. it may or may not change the behavior of those who already have the billions.
I understand there are counter arguments... but I am always in favor of cutting until we see the cuts fail.
I would have done it differently...
