Joe Doakes from Como Park emails:
McDonalds is moving its world headquarters again. Of course they are. Rich people are rich, not stupid. Remember John Kerry parking his yacht across the bay to save half-a-million in taxes? Same idea.
The crucial point is that McDonald’s, the quintessential American success story, moved to Luxembourg to avoid the punitive taxation of the US, and now has to move to England to avoid the socialism of the EU. Trump is correct about the need to bring those companies back. Whether he’s sincere, and whether he can get any cooperation in Congress short term are big questions but not the biggest one.
If you ran one of those companies, would you let yourself be suckered into trusting Congress again?
Joe Doakes
Congress is going to have to earn a lot of peoples’, and companys’, trust.
The government spends too much money. It interferes with the economy. That is the issue.
The only way to bring them back is to change the tax code. Punitive taxes and restriction of free trade will only worsen the situation. And so far, sTrumpet had been talking about punitive measures. At least that is all I heard. So far.
make the tax rate cut from 35 to 15% a standalone bill and fucking dare the dems to vote it down, especially those Senators up for re-election in 2018 that represent states Trump carried
business tax rate*
Start with the business tax rate, of course, but it strikes me as well that you’ve got to simplify the tax code for the poor and middle class to make sure you’ve got workers as well as managers. And do it in such a way that you don’t shock the system….we are talking something of a Gordian knot here.
I believe hes mentioned that as well but the corporate tax rate is on the first 100 days list of goals I believe