You made some very good points and seem to have a realistic grasp on the situation. Do you know if the foreign companies are still allowed to offset taxes due on profits made in the US by taxes due in their home countries.
I am not educated on the tax benefits for foreign companies operating in our country, other than the local tax incentives they receive to locate in a given area. I do know that when the profits are generated they are sent to the home country. It would not surprise me to learn that federal tax benefits exist for investment in the USA. After all, American manufacturers operating overseas do indeed get federal tax breaks.
Thomas Paine wrote a pamplet entitled “Common Sense”. One thing I know is that when Sam Walton was alive, and that hasn’t been long ago, WalMart advertised that they stocked products produced in America. Now EVERYTHING IN WALMART IS MADE IN CHINA. What happened? What caused this mass exodus of American manufacturing and the influx of foreign goods? China has a two trillion surplus in their balance of trade with us, and Japan another one trillion. FREE TRADE has decapitalized our country and left us in danger of national bankruptcy.