Quote:
Originally Posted by mineistaken
Remind me why crookedteers dislike this based tax cut?
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remind me how he refinance that :-)
there is only ONE point in what he said correct:
bringing back profits made offshore without paying tonns of taxes on that.
there are indeed a few trillion dollars on offshore bank accounts what could not go back because this money would be taxed again in USA.
that will help for a moment but after it is there these bank accounts are empty and with the foreign policy of trump there is a big chance that they won´t filled up again.
this ONE point in his statement would make sense if trump would not go a protectionist way. or do you think that foreign countries let american companies make profit in their countries but their exports to US get blocked by high duties?
his problem is the same problem as the one of all his supporters: he focus on one little wheel in the machine but does not understand the whole machine.
take one little wheel out of a watch and the watch will stop.
to understand economy you have to understand the machine and not one wheel.