President-elect Trump doubles down on 35% tax for businesses that ship jobs out of U.S.

Fox 6 Now ^ | Dec. 4, 2016

[MV=PY]

"The stick of a major tariff for those that leave will dissuade new investment, because it will create a roach motel of “you can check in but you can never leave.”"

Well stated!

[xzins]

Steve Moore, an economic advisor to Trump, said that the US taxes our OWN products going overseas, but doesn’t tax imports. That is so unbalanced it sreams if it’s true.

[Principled]

Plenty of analysis exists- but you are cautioned that much of the analysis you find will either be biased or viewed from bias. I’m sure you’re already aware of that but with so much at stake for certain groups, it can be extreme. Just look at this election...so read on when you read this will put dog food on grandmas table....

Arthur Laffer is a proponent of this type of system. The closest it has come was in legislation called the “Fair Tax”. You can search that up and find plenty.

The primary objections have always been of the following flavors;

1) it “p”rebates necessity level spending (to avoid regressivity an avoid taxing necessities). The refunds are provided to all irrespective of income levels (indeed, income is no longer important). Detractors think that the bureaucracy to manage this would create too big a government. Proponents say it’s just like what social security administration does already.

And 2) detractors don’t want retailers to become tax collectors... proponents say that retailers already do that now with embedded fed tax in prices and with state and local sales taxes.

And 3) dtractors believe that replacing the federal income tax with a retail sales tax will make prices too high. Proponents say prices will remain about the same in competitive areas.

Enjoy. If you would like some specific info or analyses, holla

[MV=PY]

Thanks much! I’m familiar with the Laffer curve but haven’t dug into specific tax law proposals.

I have noticed that many confuse the proposed law and the transition to it, seemingly for obfuscation (e.g. “tax cuts for the rich”).

I’ll start with “fair tax.”

[Wolfie]

Corporations who want access to our markets without a tariff will have to manufacture here. If they decide not to, somebody will. It’s not like the market for those products disappears.

[GOPJ]

You’re right.