Posted on 05/05/2016 5:39:42 PM PDT by jazusamo
The rap on Donald Trump is he's all bluster. The New York Times says he's offering "incoherent mishmash." GOP rival Ted Cruz claims Trump has "no idea" how to fix the economy. Don't' believe it. The Trump campaign is putting forward proposals to fix problems facing the nation, from the long waits for medical care at the VA to the impending collapse of Obamacare. Check out Trump's economic plan, for starters. Unlike Hillary Clinton's radical anti-business agenda, Trump's plan would actually help unemployed Americans get back to work.
Trump slashes the corporate tax rate to 15 percent, down from the current 40 percent, the highest rate in the industrialized world. Not all American companies pay that staggering rate, but even after deductions and accounting maneuvers, companies in the U.S. end up clobbered with taxes nearly twice the global average (24 percent). In Ireland, a magnet for tax-weary companies, the rate is only 12.5 percent and their economy is growing about three times as fast as ours. Conversely, Japan and Argentina are stuck in the doldrums along with the U.S., partly because of their high corporate tax rates.
Trump also proposes a one-time 10 percent repatriation tax on profits U.S. companies made overseas and kept there to avoid the 40 percent rate. That bargain could lure back as much as $2.5 trillion in capital urgently needed here.
To promote investing in plants and equipment, Trump would allow companies to write off the purchases the year they're made, rather than over several years, as current law requires.
(Excerpt) Read more at creators.com ...
That's ingenious as fast growth will promote more capital equipment expenditure. And companies can get new equipment and replace last gen equipment. Which can be sold on secondary markets for the lower scale business.
Very cool.
I’m no economist or business expert but I agree. It seems the way technology increases by leaps and bounds yearly this would be a big thing.
excellent article on Trumps plans
bump
TRUMP BUMP!!!
bkmk
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