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 Trump's Trickle Down Tax Cuts Baloney
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serf
Anti Gun Lib

6194 Posts

Posted - 09/29/2017 :  1:22:51 PM  Show Profile  Reply with Quote


Gosh we have seen and heard this song and dance before? Manufacturing owners will buy A.I.robots to do the bulk of new factories work being built or upgraded. Machines making machines is the new paradigm!

So who is going to buy all these new products? Well The NWO Coming up middle class in India,China,and the rest of BrICs who can afford them. Not too many displace workers here will be hired so it's a con game for The working Public. Where is all that cash for rebuilding the failing infrastructure Mr.President?

If your over 50 and a blue collar worker your a relic in time. They ain't worried about you so go some get welfare and food stamps for your are over qualified are just too old to cope in Today's world.

serf

https://www.bloomberg.com/news/articles/2017-09-29/trump-to-rally-manufacturers-to-press-congress-on-tax-overhaul

Trump touted several provisions in the tax plan that could benefit manufacturers, including a reduction in the corporate rate to 20 percent, a tax break for investment in new equipment and a low, one-time repatriation tax for profits held overseas.

“Our current tax code punishes companies that do business in the United States and encourages them to leave,” he said.

The president also highlighted the tax proposal’s reduced tax rates for pass-through businesses -- companies ranging from mom-and-pop grocers to hedge funds whose profits flow as income to their owners, who then pay taxes based on their own individual rates.

The plan would cap pass-through rates at 25 percent, lower than the top individual rate. That has raised concerns that wealthy taxpayers would configure their affairs in order to take advantage of the lower pass-through rate.

spasmcreek
Advanced Member

31695 Posts

Posted - 09/29/2017 :  3:34:55 PM  Show Profile  Reply with Quote
what encourages business to leave is all the one sided trade deals favoring other nations like C H I N A...crafted by the stoopids in DC
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jim_lemay
Senior Member

USA
1450 Posts

Posted - 09/29/2017 :  5:37:07 PM  Show Profile  Reply with Quote
quote:
Originally posted by spasmcreek

what encourages business to leave is all the one sided trade deals favoring other nations like C H I N A...crafted by the stoopids in DC




"The saddest aspect of life right now is that science gathers knowledge faster than society gathers wisdom." -Isaac Asimov

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