fullspinzoo

The biggest problem is that Congress has not kept up with the "changing times" causing companies to look elsewhere for advantageous results. https://www.nbcnews.com/think/opinion/america-s-awful-tax-code-forces-ceos-invest-overseas-i-ncna822596

Kevyn

All of this could be better addressed by taxing capital leaving the country and taxing goods and intellectual property entering the nation from places without our labor and environmental standards. The current plan cuts taxes on corporate tax a whopping 42.7% encourages moving jobs overseas by not taxing profits made outside of the country and most alarmingly does little for or screws working families while ballooning the national debt by a trillion and a half dollars. Naturally the pittance of tax cuts you and I might enjoy sunset in a few years, the corporate tax cuts are permanent. Surprisingly while working families get little relief or in many situations pay more, Trump will personally save 200 million and his family will be better to the tune of a billion dollars. Contact your senators and demand real tax relief for working American families not multinational oligarchs.

Morgan

In the past corporations have gotten tax breaks, but instead investing here they take it to their production overseas. Why should we give them more of a break. They may be taxed 35% but what they end up actually paying might be a completely different story. How about we raise the tax bringing their product back into this country, to offset not using American labor and supplies.

fullspinzoo

All the moves that Trump is making economically are working, in case you guys on the Left haven't noticed. The Dow is at 23,628 up from 17,900 when Trump took office. That's incredible. Hard for you guys on the Left to admit it, but that is the t***h. We're on our way to the third quarter above 3.0%. Hasn't happened since 2004. That's amazing. Unemployment is down to its best in 14 years, but you still like to paint a dismal picture. Good luck with that, but the numbers don't lie (unless you try to cook the books like another president I know).

GmanTerry

Everything involves taxing. Gotta steal more of the money that was legitimately earned and give it to the government to throw down a bottomless pit. The reason they moved offshore is because the taxes are too high already. If they move the company to Ireland they don't have to pay so much taxes. It's as simple as using a c**pon at the supermarket to but a product. Why is it so hard to understand that everyone, rich or poor wants to be able to spend as much of the money they earned as possible.


Semper Fi

Morgan

Those numbers you speak of are in direct correlation of revealing who Trump is actually working for...Wall Street and not middle America. Just as these new tax cuts will show. All the moves Trump is making? Are you speaking of how he is redistributing the wealth, for example cutting health care to give the wealthy a tax break? Do you equate the bottom line of our sustainability and sovereignty to be only validated by dividends to investors? Unemployment is always up before the holidays, will see what happens after the month of January. One thing the president has going for him with unemployment is the increase of the (re)construction trade, and other trades connected to home improvements due to all of the environmental disasters due to g****l w*****g.

buffalo Loc: Texas

The stock market (especially the Dow) does not reflect the real economy. To the millions of Americans living paycheck to paycheck, the under employed and still unemployed a rising (or for that matter falling) stock market means absolutely nothing. Who benefits from the increase in stock market wealth? The richest 10% segment of Americans that now hold 80% of the stock market value do and they have speculated the Dow to record highs betting that Trump, despite some rhetoric about helping the middle class, he’d cut taxes for the wealthy and for corporations, cut back on market oversight, and spend more on defense. It appears he is going to do just that.

Data shows that while stock ownership has increased over the past few decades, in 2013 (the most recent data point), less than half — 46 percent — of households owned stocks, either directly or through their holdings in some sort of fund (e.g., a retirement account). Contrast that with the 94 percent ownership rate of the top 1 percent.

Of course policy makes all the difference. For all the phony rhetoric about helping out the middle class, all I’m hearing about is repealing Obamacare — a highly progressive program supported in part by taxes on high incomes that provide subsidies for those of more moderate means — cutting Medicaid, and paying for regressive tax cuts by cutting spending on programs that support those with lesser incomes, like housing support, Head Start, college assistance and much more.

For years the stock market doing well was proof the "Obama" economy was doing well. Now, the stock market doing well is proof Trump is making the rich richer. Stocks tripled under Obama, but the right wing complained. Wall Street benefited, but not Main Street. How many are really benefiting from the stock market surge? Hint--it isn't the middle class or poor. Oh, but wait, it hasn't trickled down yet...LOL

fullspinzoo

How is the economy doing? Six factors that tell you our economy is "robust" (including the stock market). https://www.thebalance.com/how-is-the-economy-doing-3306046

buffalo Loc: Texas

Bulls**t! The majority of Americans are drowning in debt and broke as fV(k...You think they care what the stock market is doing?

78% of full time workers say they live paycheck to paycheck, 71 percent are in debt, and nearly 10 percent of those making $100,000 or more say they can’t make ends meet. http://www.cnbc.com/2017/08/24/most-americans-live-paycheck-to-paycheck.html

America 1 Loc: South Miami

Oh, now environmental disasters due to g****l w*****g.
Could not be Mother Nature.
https://www.thebalance.com/hurricane-damage-economic-costs-4150369
Unemployment: US Unemployment Rate Lowest in Over 16 Years
US unemployment rate unexpectedly fell to 4.2 percent in September 2017 from 4.4 percent in the previous month and below market consensus of 4.4 percent. It was the lowest jobless rate since February 2001, as the number of unemployed persons declined by 331 thousand to 6.8 million. Meanwhile, the labor force participation rate rose by 0.2 percentage points to 63.1 percent, its highest level since March 2014.
US Unemployment Rate Drops to 4.1% in November
https://www.thebalance.com/hurricane-damage-economic-costs-4150369

buffalo Loc: Texas

Unemployment may be down,but income and wages have been stagnant for most US workers.

Corporate profits may be up 20%, but income and wages are still stagnant for most US workers.

Speculation may have driven the Dow to record highs, but income and wages have been stagnant or declining for most US workers for decades.

The simple t***h is--even if corporate taxes were ZERO in the US, IF a corporation could make more profits from cheaper s***e wages by moving overseas they would.

America 1 Loc: South Miami

Ok, state the source.
More employment, less employees to choose from.
Most likely income and wages will increase.
You prefer returning to higher unemployment?
Simple t***h or just left BS.

lamont

It's not the capital leaving the country, it's the corporations. With this new tax bill they only have to pay 10% on their offshore income, so what is the incentive to keep your headquarters here in the U.S.? Look what Apple did, moved the headquarters to Ireland. So all of the offshore money earned by these corps. that move offshore will pay no offshore taxes, and only pay taxes on the income earned here in the U.S.

buffalo Loc: Texas

Source? So you can try to discredit my contention that wages and incomes continue to stagnate (as they have for decades) as corporate profits have risen 56% in 6 years and the minimum wage has not risen in a decade?

"Most likely income and wages will increase"? More supply-side, voo-doo, trickle down economic wishful thinking or just bulls**t?

"You prefer returning to higher unemployment?" That is a stupid question. But under employment is a problem. Why are the majority of working Americans living paycheck to paycheck?

It’s a fact that in 2013 WalMart earned $27 billion in profit. While their lowest paid employees are subsidized by taxpayers (medicaid, rent assistance, food stamps, etc) They could have afforded to pay their bottom million workers $10,000 more that year, raise all of those people out of poverty, save tax payers billions of dollars, and still earn $17 billion in profit. Is this not insanity to allow this under the auspices of "free enterprise capitalistic system" and then blame the "freeloaders"? The only way to change this is raise the minimum wage, because WalMart and those like it are not going to do it on their own.

And now Trump and the repulsives are wanting to cut Medicaid, and other social service programs by billions so they can give the rich and corporations tax cuts.

Morgan

Excellent point, Walmart is one of America's largest employers and most are on assistance of some kind or a multitude, not to mention the private business the put out of business. They also take out life insurance policies on there employees so they can collect on their death, you really can't get any more corporate than that. It turns out your worth more to them dead than alive...nice.