Amazing to watch politicians wake up - like it’s some huge revelation - that maybe we shouldn’t have sold out American manufacturing over the years for quick corporate bucks after all. Turns out doing right by the American worker would’ve been the smart thing after all, huh guys?
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Correct me if I’m wrong but that program what to incentivize cash that was overseas to be repatriated. It was sitting in off shore tax havens. He created a tax cut to bring it home. How is that worse then no taxes at all?
Meanwhile- it has been Trump who has been saying (since way before his presidency) that we have to bring jobs back to America. The majority of his campaign was based on it.It did not. He used that as an excuse but there’s no way he really thought that it would.
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We’ll leave it at that. Good night Marianne.
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Offshore bank accounts are an accounting trick. Dollars always just sit in domestic banks. Except for physical cash, that can be physically moved around. If we wanted to crack down on tax avoidance, it just takes devoting resources to uncovering the accounting tricks
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We have been in a manufacturing recession since Trump's second year. Also, we have the worst trade deficit in USA post industrial history. One of the tax breaks was for offshoring. Trump's policies don't match his rhetoric.
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Can you be more specific?
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