Posted on 12/04/2016 9:59:32 AM PST by Steelfish
'It Will Be A Very Expensive Mistake' Trump Says Companies Who Leave The United States And Fire Their Employees Will Face Massive Tax Increases In Sunday Morning Twitter Tirade
By Wills Robinson 4 December 2016
Donald Trump had a stern warning to companies thinking of leaving the United States during his Sunday morning Twitter tirade.
The president-elect says firms who outsource beyond America's borders will face a massive tax increase, while those who stay will see huge financial benefits. In the lengthy rant, he wrote: 'The U.S. is going to substantialy [sic] reduce taxes and regulations on businesses, but any business that leaves our country for another country, fires its employees, builds a new factory or plant in the other country, and then thinks it will sell its product back into the U.S without retribution or consequence, is WRONG!
'There will be a tax on our soon to be strong border of 35% for these companies. wanting to sell their product, cars, A.C. units etc., back across the border. 'This tax will make leaving financially difficult, but these companies are able to move between all 50 states, with no tax or tariff being charged. Please be forewarned prior to making a very expensive mistake.'
(Excerpt) Read more at dailymail.co.uk ...
No.first of all..I am not going to doyour research for you. It is well known secondly.I am on a kindle and can’t easily link. Did you see the post after mine that was talking about it. He knew
I’ve said over the years that corporations should pay NO taxes. Corporations are not people. The should be encouraged to stay in the country. The income to many people generated by corporations should be taxed, but not the corporations themselves. They are much needed and valued members of the free world stage.
First I've heard of it. Please provide your source.
Here is what has been going on since the 90’s
Once company decides to cut costs by moving to China/India
Their competitor is forced to do it to remain competitive.
Suddenly 30 years later, everyone has been forced to do it, the costs remain the same but all the jobs are gone forever.
The only way to make money is to sell your company to China or India.
Good an across the board tariff. That’s what we had for 180 years. That’s what we need.
After we have run a trade surplus for a few years and cut our debt in half, we can reduce it. In the mean-time we can use the proceeds to cut individual and corporate taxes, leaving American citizens with more of their hard earned money to spend in the American economy.
Our founding fathers viewed an import tariff as a voluntary tax paid only by those who wished to buy products made overseas instead of American products.
By the way, I believe the current WTO allows the imposition of tariffs in response to chronic trade deficits. If true, then we are there, and Trump may not even need Congresses approval to act.
Good an across the board tariff. That’s what we had for 180 years. That’s what we need.
After we have run a trade surplus for a few years and cut our debt in half, we can reduce it. In the mean-time we can use the proceeds to cut individual and corporate taxes, leaving American citizens with more of their hard earned money to spend in the American economy.
Our founding fathers viewed an import tariff as a voluntary tax paid only by those who wished to buy products made overseas instead of American products.
By the way, I believe the current WTO allows the imposition of tariffs in response to chronic trade deficits. If true, then we are there, and Trump may not even need Congresses approval to act.
I’m sure Pence will call Trumps attention to anything that comes up more important than MAGA...
Exactly.
It’s important to have an increase in consumer spending, investment and net exports as they are all components of GDP. Trump’s plan is balanced to get all 3 (income tax cut, corp tax cut, trade reform)
...pay unemployment benefits to the millions of Americans making goods for export who lost their jobs due to retaliatory tariffs.
We also had a much smaller government. That means no social security, medicare and all those tanks and stealth jets
Of course, no company is leaving to avoid corporate taxes.... They’re leaving to pay by third-world wages to third-world workers.
The ONE WORLD ORDER, is rounding up assassins to kill our President and we need to have an effective deterrent. I’d say start sending horse heads to Soros and his ilk.
Jesus...cant people do their own research. Trump daily briefing. Search those three words.thus is not a hidden secret.
While you’re at it, why don’t you threaten employers who bring in IT techs from India and force the Americans they are replacing to train them under threat of loss of severance pay that that will also be a very expensive mistake.
/////////////////
Worth repeating.
Illegals take the low paying jobs
H1b and other visas take the HiTech jobs
and whats left move their factories lock stock and barrel to other Countries.
VIVA TRUMP
...pay unemployment benefits to the millions of Americans making goods for export who lost their jobs due to retaliatory tariffs.
............................................................
You act as if the US market is negligible! As if we depend on exports! I would remind you that WE are the largest consumer in the world. The US represents almost a quarter of the world wide market and you ignore the fact that when we have factories producing in the US again, we WILL BE ABLE TO BUY U.S. products again instead of buying Chinese junk that usually fails and needs to be repaired or purchased again. US workers receiving US paychecks will cause small businesses...the backbone of our economy...to flourish and provide more jobs as they grow and expand. It will have a snowball effect and benefit everyone.
Corporate taxes are a scam anyhow. Corporations don’t PAY taxes. The money they send to the gubmint is always recouped in the prices of their products. We, the people pay for EVERYTHING!
True.
You brought it up in an unrelated thread. Back it up or back off.
Of course not, but we do export around $2T in goods and services each year. That's a lot of jobs.
The US represents almost a quarter of the world wide market
OK, but if you erect trade barriers you are, by definition, excluding yourself from 75% of the global market.
More importantly, that part of the world's economy is growing faster than ours.
In fact, we rank 113 in the world in terms of growth .
I want the US to compete and kick ass in the global marketplace.
Great countries don't cower behind trade barriers.
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