SO the companies don't pay ANY taxes and Trumps bill that is going to tax their overseas profits at 8-15% is bad because its not the original 35% rate? I don't follow that logic.. Also, the case study he cites had it at 5% and the employment decline he showed was in the timespan right before the 08' recession....
I'm not pro Trump, but I feel like Johns arguments here are pretty flimsy, and I hate to say it, but maybe we should be happy with what we get, considering these corporate fucks don't pay anything at all as it is.
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sato (Old Spike)
yeah i have to agree. it also seems reasonable given that they pay (at least in some countries anyway) tax in that country already, even if they have deals that reduce it to 5-10%. maybe a 35% minus whatever percent they are paying in the other country would make sense?
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daftcunt (Old Spike)
Generally I would focus on the "creating jobs" by tax cuts argument. A red herring that gives money to shareholders and doesn't create shit if there is no demand for it.
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(Long Spike)
SO the companies don't pay ANY taxes and Trumps bill that is going to tax their overseas profits at 8-15% is bad because its not the original 35% rate? I don't follow that logic.. Also, the case study he cites had it at 5% and the employment decline he showed was in the timespan right before the 08' recession....
I'm not pro Trump, but I feel like Johns arguments here are pretty flimsy, and I hate to say it, but maybe we should be happy with what we get, considering these corporate fucks don't pay anything at all as it is.
(Old Spike)
yeah i have to agree. it also seems reasonable given that they pay (at least in some countries anyway) tax in that country already, even if they have deals that reduce it to 5-10%. maybe a 35% minus whatever percent they are paying in the other country would make sense?
(Old Spike)
Generally I would focus on the "creating jobs" by tax cuts argument. A red herring that gives money to shareholders and doesn't create shit if there is no demand for it.