The (only) taxes corporations should pay, are import tariffs at any point a product or raw material enters the United States.
No loopholes, just one across the board import tariff.
Except on repatriated revenue, which should be tax-free. Anything which is imported during a product life-cycle is tariffed. Everything made in America, grown in America, or pumped out of the ground in America: ZERO corporate tax.
Not one penny.
It’s not complicated. America first.
The (only) taxes corporations should pay, are import tariffs at any point a product or raw material enters the United States.
“No loopholes, just one across the board import tariff.
Except on repatriated revenue, which should be tax-free. Anything which is imported during a product life-cycle is tariffed. Everything made in America, grown in America, or pumped out of the ground in America: ZERO corporate tax.
Not one penny.
It’s not complicated. America first.”
This is a good idea. I doubt it could pass at any time in the immediate or even near future, but like the FairTax, is worth talking about, and fighting for, so that one day it might perhaps happen.
Excellent post! America would quickly become beacon for Capitalism.