Or they will pocket the change and add it to their wealth. Why come back? Gratitude? What are factors int icing them back other than some sense of decency?
This post was edited by O-uknow at December 20, 2017 10:37 PM MST
Trump is donating his pay as President to charity, he isnt in this for the money like all the other presidents were. He HAS a sense of decency as well as a honest desire to Make America Great Again. He has proved it over and over again.
The business academics speaking on public forums over here say they think that's unlikely. Apparently the rate of the tax cuts equals exactly what companies actually pay already after taking advantage of all the exemptions and loopholes, so actually there will be no real difference. Some business may come back to America because as China's economics approach Western thresholds it no longer provides cheaper manufacturing, but cheap labour may more likely shift to Africa, at least to those countries with sufficient peace and stability. American consumers could make a difference by buying goods made in America whenever possible.
No. Last I heard, Ireland was the in place to set up shop. Google, Amazon, Dell, and HP are some of the tech ones. Med companies Johnson & Johnson and Pfizer went too. We'll still be at nearly twice what they are tax-wise.
The reality is that the big corps are still going to keep using low tax jurisdictions unless we get seriously low or give them a reason to be here. We'd probably have to hit 15% or so. I don't know the logistics of that and if it would pay for itself by bringing more here or not though. I think basically, all he did was cut tax revenue. It's not going to bring anything back here. I've wanted to see a corporate tax cut for a long time to stop those companies from moving, but it's doubtful this will do it.
Of course it will. It will influence companies that have left to return and it's also fertile ground for new start ups. The left are desperate to deny the obvious stimulus effect.
It has taken decades of the wrong policies to slowly strangle business, yet the left will claim the right policies don't work after a few months. Obviously it takes time to work.
Companies need long term assurances. Returning to U.S. is a big step. Companies need confidence that the policy will continue. Those that believe the policy is likely to be reversed in as little as 3 years are bound to hesitate. A truly sustained recovery won't happen until the left, and the fascist corporate interests that control it, are destroyed. The U.S. needs constitutional amendments to lock low taxes in.
The left claim tickle down economics "doesn't work" because they have different goals. What they really mean is trickle down economics doesn't produce greater equality. They've missed the point. It's not meant to create equality. The left measure wealth relatively not objectively. They would rather people were equally poor than unequally wealthy.
This post was edited by Zeitgeist at December 21, 2017 1:22 PM MST
I can't claim to know much about this but I heard a tax lawyer say today that the new law has incentives for companies to keep their operations here. I would like to see a condensed version but I'm pretty sure I'll never read the 600+ pages. It may be more than that now. I'm just not interested enough. I was with Obamacare; I read that ridiculous piece of awful criminal legislation..........written by a convicted terrorist's organization. One good thing about this tax bill is that is does away with the individual mandate to have health insurance.
If it increases the economy (it will), it will definately create jobs. There have already been companies announce that if it passed they were going to move back to the USA.
Well, now we know - it's Broadcom. I'm waiting to hear Trump's announcement that he is bringing his manufacturing to the U.S. I'm sure it will come any day now.
There are several whom announced they returning at the very beginning of Trump's term because they knew these were coming as well as deregulation....Ford, GM, Hyundai, IBM, Amazon, Walmart, Bayer, etc.
This post was edited by my2cents at December 21, 2017 6:09 PM MST
I will have to see it with my own eyes, but I have never had faith in "trickle down economics". I personally think most businesses will invest the money for greater profits. Some may expand and hire. But how much will this positively affect most Americans will be the question.
O-uknow 