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Valued Social Butterfly
Posts: 14,078
Registered: ‎03-20-2009

Re: Breitbart attacks Donald's TAX SCHEME

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Message 1 of 3 (51 Views)

    News from Connecticut:   

 

   

Washington – President Donald Trump’s framework for a tax overhaul would cut the top rate corporations pay from 35 to 20 percent, but many corporations – including some headquartered or with a large presence in Connecticut – already are paying less than the corporate rate.

United Technologies paid an effective tax rate of about 26 percent in 2016, Xerox about 21 percent, Travelers 26 percent, Pfizer 18 percent, General Electric about 1 percent, and Hartford Insurance less than 1 percent.

 

 

The reason many companies pay less than the 35 percent rate is that they keep profits overseas – where they are taxed at a lower rate – and/or take a number of tax breaks and deductions, said Michael J. Graetz, a Columbia University professor of tax law.

 

How many people really believe that Repatriation will actually occur and that those companies will build manufacturing plants in the US...

 

 

Meanwhile, here in TX, my Mayor sent a note to Amazon - :  San Antonio has a growing population and infrastructure that could support the new proposed expansion but sorry, not tax abatements.    A mayor not willing to screw the citizens.    

 

 

Treasured Social Butterfly
Posts: 7,552
Registered: ‎11-18-2009

Re: Breitbart attacks Donald's TAX SCHEME

Message 2 of 3 (69 Views)

afisher wrote:

   Donald had an event in PA, during which attempted to sell his tax 'plan".     And then Carney of Brietbart news did some back of the envelope math - because GOP routinely believe, well almost anything.   

    Carney said, wait what????       http://www.breitbart.com/big-government/2017/10/12/gop-tax-plan-not-offer-much-truck-drivers/

 

    Meanwhile Donald spun a bigger lie when he conflates the idea that the National Debt could be greatly reduced because of the gains via Stock Market....is he going to nationalize Wall Street?   

 

    Another day - Donald does what Donald does....lie...or prove that he is really incompetent and his followers ......?


yes quite the voodoo trick to say wall st growth is reducing the debt. Id love it if WALL ST PROFITS..not MY profits..went to the debt. after all, that money is printed y the fed, and handed out to wall st to line their pockets, and then we pay interest on the money we printed for them. lol.

 

Brietbart is Breitbart, and their only agenda is to crush the US Establishment and make it more nationalistic..thats why it supports some trump crazy and will attack other trump crazy..and at some point in doing thst they will be right now and then..stopped clock is right twice a day etc.

 

So it begins.
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Valued Social Butterfly
Posts: 14,078
Registered: ‎03-20-2009

Breitbart attacks Donald's TAX SCHEME

Message 3 of 3 (74 Views)

   Donald had an event in PA, during which attempted to sell his tax 'plan".     And then Carney of Brietbart news did some back of the envelope math - because GOP routinely believe, well almost anything.   

    Carney said, wait what????       http://www.breitbart.com/big-government/2017/10/12/gop-tax-plan-not-offer-much-truck-drivers/

 

    Meanwhile Donald spun a bigger lie when he conflates the idea that the National Debt could be greatly reduced because of the gains via Stock Market....is he going to nationalize Wall Street?   

 

    Another day - Donald does what Donald does....lie...or prove that he is really incompetent and his followers ......?