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To: Cheerio

I’ve opposed Trump for most of this election cycle (until recently) and even I recognize that this is a promise Trump can easily keep. The only proof you need is how foreign banks reacted to the IRS last year when they fully implemented the Foreign Accounts Transaction Compliance Act (FATCA).

Many speculated that foreign banks would stop doing business with Americans, rather than comply with the reporting demands of the U.S. Internal Revenue Service, who really had no jurisdiction to make such demands. It turns out, they were wrong. Nearly all countries and foreign banks have complied with FATCA, because the alternative of losing American business is much more painful.

This is an example of a time when the Obama-led IRS was fully committed to carrying out a mission, which was to reign in American taxpayers who were hiding money in foreign bank accounts. And when they were committed, and everyone else knew it, the rest of the world backed down. The exact same thing would happen if we were committed to building the wall and sending the bill to Mexico. They WOULD pay for it, because they want to continue doing business with us.


13 posted on 09/22/2016 5:27:53 PM PDT by lquist1
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To: lquist1

Thank you for an excellent analysis and example.

It is the will to act that matters. The communists like Soetoro have no will to act in the interests of America and its rightful people - only to act for exactly the opposite.

FATCA increases the federal leviathon, not individual prosperity, so of course Soetoro was willing to commit to it.


18 posted on 09/22/2016 5:45:15 PM PDT by YogicCowboy ("I am not entirely on anyone's side, because no one is entirely on mine." - JRRT)
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