tariffs and vat taxes tend to be on finished goods not inputs into the home countries manufacturers. you know that.
Trump will lower corporate tax to 15% from 35% !
- Thread starter marsman
- Start date
I have a question...
what is more like to lead to economic expansion in America?
A corporate tax cut from 35 to 15
A corporate tax hike from 15 to 35
Isn't it brain dead stupid to act like tax cuts like that could not help the economy grow when the govt borrows so cheaply as you pointed out?
what is more like to lead to economic expansion in America?
A corporate tax cut from 35 to 15
A corporate tax hike from 15 to 35
Isn't it brain dead stupid to act like tax cuts like that could not help the economy grow when the govt borrows so cheaply as you pointed out?
In theory, US business should be all over these Drumpfian ideas, because a "20 year boom" would be great for profits. But almost without exception US business fears Drumpfian economics. It's because his ideas are recessionary, and business stands to lose more from another recession than they do from Hillary's tax hike.
Neither if that's all you do. Trump needs to have the courage to own up to the necessary tax required to pull off this infrastructure rebuild. To do otherwise means you know who will do this. Yes, Hillary. The hard hat opportunity will do for the 2020's what high tech did for the 90's. It's coming, if for no other reason by shear necessity. The only question, politically speaking, is who will get the credit. So far all the republicans got is a plan for the big boyz making money while shuffling paper from one side of the desk to the other, all in an unregulated casino.
If Trump doesn't pull this off, Hillary will do all this and the republicans, once again, will be put in the position of opposing employment opportunities for the masses while protecting the cronies. That's a loser all the way around for repubs.
Let me ask ya'll a couple questions. Did you make bank in the market during the 90's? Have great job opportunities? I did. it was almost impossible not to. Did you give a shit what the mortgage rate was? What the rate was for a car loan? I couldn't have cared less. Why? Because I had a pocket full of money, that's why. This is how you win the blue collar worker and there's a hell of a lot more of them than the "suits". And like I already stated, the suits make money regardless. You wanna' win, or you want to hold on to this lower taxes create jobs fantasy? It's as simple as that.
I doubt you know enough about the tariff schedule to make that claim, I use the schedule every day. While I don't often import goods in the lower chapters which are the more unfinished, basic goods, many of those are covered by import quotas (which you don't see in the more finished sections). Quotas which by the way are intended to protect American producers.
If Drumpf succeeds in tearing up NAFTA and imposing higher tariffs on our other major trading partners, Americans are going to pay a lot more for most of what they buy. Onshoring will, like offshoring, take decades, and all the while automation and productivity gains will eat away at the number of persons needed to staff those factories anyway.
It's a pipe dream. We are where we are because of the organic evolution of trade operating under the demands of ordinary capitalism.
In general I am against quotas.
Quotas give the profits to the overseas manufacturers.
Quotas are a very different animal.
but, I don't need to see the schedules to know that there are always different schedules for unfinished vs finished goods.
The point of the logical schedules would be to let your companies compete or even have a slight edge in your home market in addition to raising revenues instead of using an income tax.
Quotas give the profits to the overseas manufacturers.
Quotas are a very different animal.
but, I don't need to see the schedules to know that there are always different schedules for unfinished vs finished goods.
The point of the logical schedules would be to let your companies compete or even have a slight edge in your home market in addition to raising revenues instead of using an income tax.
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the answer is not neither. you may think you plan is better and I agree with need more infrastructure... but its ruins to think that taxes don't impact the economy.
Its also wrong to think that lowering taxes can not lead to more govt revenues.
As long is the FED is printing... we have systemic inflation. Revenues will go up... plus the economy may boom. Even after the Bush tax cuts... the top 1% paid more in taxes.
Yes I made a thousand dollars a week teaching tennis as 22 to 25 years old as the economy boomed after Reagans taxt cuts in the 80s. I made bank trading the markets in the mid to late 90s. Low taxes worked for the whole economy... financial shenanigans worked for the financial economy for a while.
Its also wrong to think that lowering taxes can not lead to more govt revenues.
As long is the FED is printing... we have systemic inflation. Revenues will go up... plus the economy may boom. Even after the Bush tax cuts... the top 1% paid more in taxes.
Yes I made a thousand dollars a week teaching tennis as 22 to 25 years old as the economy boomed after Reagans taxt cuts in the 80s. I made bank trading the markets in the mid to late 90s. Low taxes worked for the whole economy... financial shenanigans worked for the financial economy for a while.
why do we even make corporations pay any taxes? It's just money out of your pocket via the crooked journey through Washington D.C.
Sharply "progressive" tax rates are a "power and control" tool of the globalist Lefties.... immoral, too.
Ideally I support a true "flat tax", but I can go along with Trump's "relatively" flat-tax as a practical compromise. Should also include taxes on corporations earnings* world-wide with no exemption to avoid corporate taxes just because earnings are "accumulated" offshore.
*With corporate taxes already paid on earnings, dividends should be tax-free... not taxed a 2nd time as income to shareholders.
Ideally I support a true "flat tax", but I can go along with Trump's "relatively" flat-tax as a practical compromise. Should also include taxes on corporations earnings* world-wide with no exemption to avoid corporate taxes just because earnings are "accumulated" offshore.
*With corporate taxes already paid on earnings, dividends should be tax-free... not taxed a 2nd time as income to shareholders.
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China and Japan run huge import tariffs with hugely profitable domestic manufacturing industries. What about this do you not understand? I can dumb it down even more if you need me to