Posted on 06/17/2015 3:29:54 AM PDT by z taxman
Donald Trump wants to run for president. He says he can beat Hillary. Sometimes Donald Trump has something good things to say, and sometimes he makes me shake my head in disbelief.
...
Here is one of Trump’s economic solutions. “He said Ford and other companies looking to move manufacturing to Mexico or overseas should face a 35 percent tax when they ship the goods back to the U.S. That would bring the plants back home, he argued. ‘That’s what’s going to happen, and there are hundreds, thousands of those deals,’ he said. ‘I will make this country so rich – if I run on the 16th [of June] – just you watch.’”
The first question I would ask Mr. Trump is why companies would spend so much money moving their factories overseas. The answer is simple: it’s cost effective. Why is it cost effective? Because the corporate income tax in the United States is so high when compared to other countries that the cost of goods would be lower and Americans would actually get a better deal. “At 35%, the United States has the highest nominal top corporate tax rate in any of the world’s developed economies.”
It seems to me, instead of threatening to tax corporations 35%, Mr. Trump should work to lower the corporate income tax. Not only would this lower the cost of manufacturing, it would lower the cost of goods for all Americans.
(Excerpt) Read more at godfatherpolitics.com ...
That was Trump’s point. This is what he would have done to stop it. He also says he will bring manufacturing back to the U.S..
Trump’s 35% tax would be if Ford kept the manufacturing and the jobs in Mexico, not if they had the manufacturing and jobs in the U.S..
and rent is too damn high!
next door to you?
Pickup and SUVs have to have high profit margins to make up for high mpg small cars that earn no or little profit.
The rule of thumb is it takes 30 man hours of labor to build a car in a modern factory. So using slaves/robots can only save so much of the retail price per vehicle.
Ford’s Fusion is built in Mexico for the US market, or at least it was until this year.
So factories may be ugly but they are the wealth creation engines that hold communities to together. So not everyone is as myopic as some gloBULLists.
What’s stopping you from building one on your back yard?
Can you loan me 10 million?
Had a 2000 Focus, European specs, when I lived in Spain. Damn thing was a rocket ship and held the road better the faster I went ... and I routinely drove 100 mph plus on the highways.
Sure wish I could have brought it back here.
I rented more than a few of them from Hertz. Loved ‘em. The 2015 has been “softened up,” sad to say. (Although I drive on Michigan roads, so I shouldn’t complain very much).
For the VERY SHORT ATTENTION SPAN idiot journalist - he said he'd charge a 35% tax on new cars built at the proposed plant in MEXICO, because Ford is building it there, rather than Tennessee.
Could you repay it if I could?
Do you have 10 Million to invest? Come on down and we will discuss it. I am sure we could think of something.
I'd rather have a firm, definitive answer I don't agree with at all than one I don't understand or is ambivalent.
Love him or hate him , he will say things that many think but in this era of just get the vote won’t ever utter.
His positions will be normal negotiations. Toughest as the starter, and then work the real deal...
One thing for sure he won’t be $$$$ beholden to anyone.
I’d rather have a firm, definitive answer I don’t agree with at all than one I don’t understand or is ambivalent.
Well stated. The exact opposite of O.....
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.