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Originally Posted by Guest
Hillary's tax is just more of the same almost a carbon copy of Obamas which produced practically no growth in the economy. iin order to get this economy rolling again we need at least 4% growth which will double Waziers every 14 years. Corporate taxes will be cut to allow us to compete with the tax rates offered by European and Asian companies. The best part of his plan is to repatriate up to a trillion dollars held overseas accounts and bring it back to United States requiring at least 10% of that money to be used to expand plants,factories and equipment to create jobs. This is a Huge incentive. Hillary's plan for corporation she is largely punitive and will not create any jobs or any growth.
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The problem with his plan is gives the impression that taxes are the driving factor for moving factories overseas. What about wages? How do you completely ignore that? The difference in wages isn't chump change.
The second problem is high income people will incorporate themselves. Their tax rate will go from his proposed 33% to 15%, and they will get to deduct expense that they won't be able to as private citizens.
The economic plans being offered by the candidates are really the devil that you against the devil you don't know. It is a roll of the dice. How lucky do you feel.. Sucker. Did I fire six shots or only five? Six we survive, or five we are history.
Trump plan could help, and it relying on big business to do the right thing. Given their current practices, why does anybody think that that is a given?
Is his plan to let trillions come back in tax free? Why not tax them at 10%, and use tat money to repair intra structure? He has talked about intra structure, but has never has said how he is going to pay for it.
Economist on both sides of his plan have their opinions. The answer isn't a given, and someone will have I told you so.