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Posted on 03/10/2016 11:37:37 AM PST by AmericanInTokyo
I have no idea why you mentioned value added taxes but California certainly does, in the form of AB 32 where each component of an assembly is taxed on the energy they use and then the final part is taxed at the point of sale.
Trump said he could use a tariff as a threat and that he doubted he would ever need to use it. But we are on an uneven playing field when American corporation pay taxes on income abroad and that same income at home. No other country does this that I know of.
I still do not understand Forbes’ position. They don't like Trump saying he'll force Ford to add 35% to the price of its product, I get that. But to say practicing business worldwide is hypocritical is idiocy. I guess China is in panic mode. They will not be negotiating with Obama the pansy anymore.
Its hard to escape the fact that "Trump has actually been relatively evenhanded in doling out cash to the two parties, but since 1989, he’s contributed over $350,000 more to Republicans running for federal and state offices, campaign finance records show.
Data from the Federal Election Commission and state elections offices provided by the two websites show that Trump has given $584,850 to Democrats and $961,140 to the GOP over the last 26 years.
You might be projecting a bit because if you had looked at the links I sent you they list every contribution and sum them.
As far as posting misinformation (your ? in post 174) I refer you to:
your post 112 obviously not only rude but false since 4 years ago a vast majority of his donations were to Republicans,
your Post 181 which is a complete lie as documented about and in my earlier posts.
Trump, Sept. 14: "What would President Trump do? So I’d call the head of Ford, or whatever company, but I’d call the head of Ford. I’d say, “Congratulations, I understand you’re building a massive plant in Mexico and you’re taking a lot of jobs away from us in Michigan and other places. Now, I don’t like that. I don’t like it. I just don’t like it.” And he’ll say, “Well, Mr. President. It’s wonderful, wonderful for the economy. Oh, great, just great.” It’s wonderful for whose economy? Not for our economy. … So, what I’d say is the following: “I don’t want you to do that. And if you do it, you’re not going to have any cars coming across the border unless you pay a 35 percent tax.” That’s it. That’s it. No, that’s it! And they’re going to say — they’re going to say to me, “Mr. President, please, please, please.” Now, I guarantee you. Let’s say I make this call at 9:00 in the morning, by 5:00 in the afternoon, I think the deal is done, they move back to the United States."
OK now. Let's see some YUUUUGE leadership to back up his YUUUUGE threats (which by the way is unconstitutional, only Congress has the power to mandate a tariff except say US Sec. 301 or Super 301 in response to a specific trade violation). Just like a socialist to tell others what they can and cannot do with the profits of their labors, but "Not Moi"! Couldn't Trump also show his sincerity and patriotism to shut his offshore production in Fujian and ship it all to the US and join the "Make It Here In America" presidents and their 300 some companies as part of the MEP program of NIST.
Thank you. People who have lost their heads and call me a dumb$ss never bothered to read the whole article to see the part about Trump and Family being serial and chronic US outsourcers to cheap Asia. They won’t respond to it. It’s borderline cultism, I tell you.you just can’t discourse with many of these people.
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Trump is concerned with China manipulating their currency. That is one issue.
The other issue is corporate taxes on income earned overseas. Trump want those trillions of dollars to come home where it can be reinvested. As of now, a corporation can keep more of its money by moving to another country.
I think perhaps rather than being disingenuous you are naive? Trump is telling you how he would approach negotiation, the carrot and the stick. We understand from the study of behavior that we can shape behavior by altering the reward system, less effectively by aversive stimuli. So you wake up the trading partners, get their attention with a possible negative consequence and then start working on them.
Just like the welfare system, we need to change the corporate tax rules so that the behavior that gets the best rewards are the behaviors in America’s interest. That is not a solution that can spring fullblown from someone’s head. It needs to be shaped as the situation develops, keeping the end goals firmly in mind.
I answered your question but my answer didn’t suit you. If I don’t use the word disingenuous I am forced to use harsher terms. It is such a pigheaded suggestion, what sane person would do such a thing. To change the rules, impose tariffs, they must be changed at the top for everyone otherwise you just destroy the one who decides to play holier than thou. You think you have a gottcha moment but you are just showing that your only interest is in gottcha moments not in a solution.
That wasn’t my question. Let’s say the conservative corporatists get everything they want. Lowered taxes, lowered regulations etc. What then? What if jobs continue to get off shored, factories continue to close. WHAT THEN?
The analogy would work if Trump shut down a garment factory making Trump merchandise in the United States and moved it to China or Mexico.
As we are all aware, the garment industry has been rubbed out for some time by the cheap labor in India, Bangladesh, Vietnam, China & Mexico (among others). The surprise anymore that anything is made HERE in the United States.
Well, since the outsourcing and the systematic dismantling of the garment industry started decades ago and there are no clothing manufactured here in the U.S,, where is one to get ones clothing line manufactured?
All one has to do is watch Shark Tank. They are always recommending outsourcing. Even the little guy who made it big in clothing has his line manufactured elsewhere, other than the U.S.
Good grief. Trump runs companies. Companies answer to stockholders. Next time compare apples to apples.
As long as it’s a smart business practice, a smart businessman will participate. Stop punishing American companies for staying in America and watch them come flooding back.
Many times auto manufacturers are not shutting down and moving. They are choosing to shut down not retool here but rather open new there.
Model changes can cause significant retooling investment, sometimes costing as much as building new with the new tooling alone in the new location.
That causes companies to evaluate things like location at those times. The analogy is pretty close I think.
If Apple wants to build phones in China and bring them to the U.S., then that is offshoring and should be taxed.
If Apple wants to build phones in China and sell them to South Korea, Trump wants that money coming home without penalties, taxes, to be put back into our economy.
Retooling a factory and hiring a bunch of cheap laborers is not a valid analogy.
Careful, There are ppl on this site that are actually duped by this.
I think you need to re-read my post.
The factory retool can be expensive enough that it can cost as much to retool here as build new there. If it costs the same to retool vs. build new, why not consider new location at that time? It’s the same in the integrated circuit world. Intel can spend $1B+ to retool an existing chip fab for the next geometry, especially for CPU fabs.
So, anyway, why did Trump go overseas first if he puts America first?
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