Quote:
Originally Posted by Linkster
Unfortunately these talking points were from way back during debates...the real number being floated for tariffs is 5-10% and GOP congressmen and leadership has already said they would vote down any attempt to impose tariffs...granted Trump can bypass them, but he would have a lot of push back from American exporters, farmers etc...and most economists say it would cost the US about 5 mill jobs at those tariff levels.
The tax rate he promised was eliminating corporate taxes completely - again I dont think the congress will support that
Regulatory restrictions I would assume are only going to get pushed if it would help his own businesses.
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Your tariff numbers are not anything that I have ever heard before.
Trump is starting at a 35% tariff ONLY on companies who are U.S. based but closed down a plant in the U.S. to open one in another country.
And that tariff would only apply to the product in question. Not a blanket tariff on all products from all companies overseas.
And I've never heard him say that he was going to put corporate rates at zero.
He MIGHT have said that's where they should be. And a lot of economists agree. But he has said since the campaign that it will be 15%
As for regulatory restrictions that would help his own businesses? WTF? I thought that everyone on GFY all claimed that Trump didn't do ANYTHING and only "slapped his name on other people's stuff" (as Obama claimed).
Reality Check: Bill FORD himself said that the regulatory policy of Trump is a huge factor in their decision today.
I heard him say it out of his own mouth in an interview with Poppy Harlow today on CNN.
So explain to me how building cars is part of Trump's personal business?
It's not. And I think you are missing the reality here because you are pissed that Trump won over Hillary.
I'm telling you...I am VERY optimistic for all of our businesses. The economy is going to take off.