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Will a big tax cut create jobs?
the single best reason is that the structure of this ta reform encourages businesses to return to the US and as they do the billions cashed away in foreign banks will return with them. Ergo more business back in the USA more jobs In my humble opinion Too many people take a narrow approach when it comes to this tax reform. Progressive continue to play the justice warrior ( what about me) trope complaining that its all about the rich but its the rich that create opportunities. its a political ploy If you want to be rich then you can that's the benefit of a capitalistic society. The goal of tax reform should be to hit the target, to be efficient not fairness . you will never get fairness or a belief by anyone that they have been treated fairly. Fairness as to tax policy is a zero sum game. If tax policy is efficient and effective it will create opportunities for people willing to work. Personal Best Regards: |
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“The changes to the treatment of foreign income are massive,” Stephen Hamilton, law partner at Drinker Biddle, told FOX Business. “The participation exemption on its face encourages you to invest overseas rather than in the U.S … [companies] can figure out ways to invest overseas and pay a lower tax rate there and pay no taxes here.” |
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