Just the opposite. It lowers taxes on production and capital, allowing domestic producers to be more competitive.
It would be a powerful incentive for jobs in the US, not favoring overseas producers such as China as our present system does.
By the way, where is your boy Perry's plan? (The dog ate it)
Perry is a new entrant to the race. His plan comes out this week. And by the way, this is not a Perry thread. Obsessed much?
Quite correct. If anything it penalizes pure labor service industries by disallowing the deduction of salaries. Once DRey figures that out (maybe next week) he will be whining about that.