US corporations have trillions of untaxed $$ stashed offshore from their global operations. Incentivize them to bring it onshore, say tax-free, to invest in US manufacturing facilities and jobs. Apply requirements for domestic "value added" to finished products sold stateside. Many other countries do the latter. The US government needs to cut back on spending. Nix on the Kommiala's tax idea.
US corporations have trillions of untaxed $$ stashed offshore from their global operations. Incentivize them to bring it onshore, say tax-free, to invest in US manufacturing facilities and jobs. Apply requirements for domestic "value added" to finished products sold stateside. Many other countries do the latter. The US government needs to cut back on spending. Nix on the Kommiala's tax idea.
How has that worked so far? Trump gave trillion dollar tax cuts to them. Then he did 14 days to flatten the curve and gave them trillion dollars in PPP $ and locked half the working class down at home. Wrecked the economy.
Then Biden continued the oppression with unwanted mandatory jabs or lose your job and right to go anywhere in public in some states. (Sure, that was up to states but was literally pushed by both presidents) BOTH PRESIDENTS WERE FINE WITH LOCKDOWNS AND SMALL BUSINESSES BEING FOREVER CLOSED. Both were fine with experimental vaccines paid for no strings attached and no consequences for any of the side effects like permanent heart damage, neurological problems, and maybe even cancer.. The Trump tax cuts are still in effect. Did any of those businesses with money stashed overseas bring it back here? Its been almost 8 years. Those tax cuts haven't expired yet.
I dont see how anyone can say Trump was good for the economy when our deficit under him ballooned as much under him as it has now under Biden.
Since the RNC, DNC, and all the superpacs are all controlled by their biggest donors, and those are the same corporations and billionaires you are talking about, we have a sham of a Democracy that is really already an oligarchy.
So how is giving them more tax cuts while at the same time most of these billionaire corporations are getting government subsidies and tax breaks already just to do business here,how is that gonna bring their money back into circulation here for the working class?
The answer to that is it WONT. Because in reality it never has worked that way.
US corporations have trillions of untaxed $$ stashed offshore from their global operations. Incentivize them to bring it onshore, say tax-free, to invest in US manufacturing facilities and jobs. Apply requirements for domestic "value added" to finished products sold stateside. Many other countries do the latter. The US government needs to cut back on spending. Nix on the Kommiala's tax idea.
We’re already reshoring under the pressure of Covid then Ukraine war and China sanctions.
Fine. If it doesn’t go nuclear.
Trump already addressed that issue quite successfully:
https://www.cnbc.com/2019/03/27/us-companies-bring-home-665-billion-in-overseas-cash-last-year.html
How has that worked so far? Trump gave trillion dollar tax cuts to them. Then he did 14 days to flatten the curve and gave them trillion dollars in PPP $ and locked half the working class down at home. Wrecked the economy.
Then Biden continued the oppression with unwanted mandatory jabs or lose your job and right to go anywhere in public in some states. (Sure, that was up to states but was literally pushed by both presidents) BOTH PRESIDENTS WERE FINE WITH LOCKDOWNS AND SMALL BUSINESSES BEING FOREVER CLOSED. Both were fine with experimental vaccines paid for no strings attached and no consequences for any of the side effects like permanent heart damage, neurological problems, and maybe even cancer.. The Trump tax cuts are still in effect. Did any of those businesses with money stashed overseas bring it back here? Its been almost 8 years. Those tax cuts haven't expired yet.
I dont see how anyone can say Trump was good for the economy when our deficit under him ballooned as much under him as it has now under Biden.
Since the RNC, DNC, and all the superpacs are all controlled by their biggest donors, and those are the same corporations and billionaires you are talking about, we have a sham of a Democracy that is really already an oligarchy.
So how is giving them more tax cuts while at the same time most of these billionaire corporations are getting government subsidies and tax breaks already just to do business here,how is that gonna bring their money back into circulation here for the working class?
The answer to that is it WONT. Because in reality it never has worked that way.