Quote (ofthevoid @ Dec 1 2017 09:40am)

That's the whole point of reforming the tax plan and reducing corporate tax. Under Trumps plan all of that money will come back and pay a one time 10% tax, which would actually be a nice little boost.

>Wants money to come back.

>Wants to tighten taxes on money oversees

Choose one

Quote (thesnipa @ Dec 1 2017 08:45am)

along with every outsourced job, right?

Quote (ofthevoid @ Dec 1 2017 09:49am)

...

We're talking about the money. There's two realistic routes here. Either lower the corporate tax and tell them, hey pay a one time 10% and you can bring those trillions to the states or, create more regulations forcing them to bring the money back. The latter would face unimaginable opposition and even whispers of such regulations would drop the markets significantly, i guarantee it. It's regressive policy that would grind our economy to a halt.

Quote (thesnipa @ Dec 1 2017 10:35am)

i understand the two aren't directly related in that sense, but what effect do you feel tightening the tax code on corporations will have? Silicon valley especially seems like an industry that could pack bags and leave pretty easily moving forward. With shaky immigration visa laws in play and the world catching up in coding or surpassing us it's only a matter of time. Squeezing them seems like gas on a fire to me.


also, In what's left of manufacturing and assembly this tax code alteration will have a direct impact on employment as well, nothing pushes along automation like a change in the status quo.

Quote (ofthevoid @ Dec 1 2017 10:40am)

That's the whole point of reforming the tax plan and reducing corporate tax. Under Trumps plan all of that money will come back and pay a one time 10% tax, which would actually be a nice little boost.

>Wants money to come back.

>Wants to tighten taxes on money oversees

Choose one

Quote (Xandriia @ Dec 1 2017 11:14am)

Quote (thesnipa @ Dec 1 2017 08:25am)

i'm not sure what that does to stop outsourcing tho, seems like gas on the fire. We already lost manufacturing, what happens if silicon valley decides they can just carve out a kingdom elsewhere, it's not as if the internet has shipping costs for code.

Quote (IceMage @ Dec 1 2017 08:11am)

Economics has a well-known liberal bias.

I'm a fiscal conservative, so I don't support the bill. I'd like the corporate tax rate lowered, spending cuts all around, and individual rates raised on the top bracket.

Quote (BardOfXiix @ Dec 1 2017 12:10pm)

A lot of things have a well-known liberal bias. When are people going to start recognizing that it's because liberals are right on a lot of these issues?

Quote (IceMage @ Dec 1 2017 10:20am)

Quote (EndlessSky @ Dec 1 2017 10:17am)

You dont know anything about corporations. You shouldnt be posting here.

The big point is corporate taxes are power in europe, so companies would prefer to invest abroad. Lower corporate tax in US would bring companies back here.

Quote (Xandriia @ Dec 1 2017 11:24am)