The ‘stated’ idea is that Biden is working with countries around the world to have the entire world raise the corporate tax rate. If that were possible, though I wouldn’t want the money going to the government, you could argue some merits for it. The main problem is that it’s not going to happen though. It’d just be us raising it and people outsourcing. As if China and other countries are going to turn down the opportunity to continue taking all the business out there.
This reminds me of Obamacare. Although I’d prefer all healthcare being private and removing nearly all regulations to bring prices down because that’d work, you could argue the merits of healthcare being entirely run within boundaries to keep things fair and affordable because in many cases it’s not a normal free market situation. Then he passes a bunch of bullshit and companies react as you would expect and now we have worse healthcare and we have middle class people paying more for degenerates and having to pay more for themselves on top of that to receive inferior care.
Idea works in the abstract if all the stars align and everyone involved is a saint. What do you know, they didn’t and everyone’s a human being that responds to incentives.
, the goal of which is to make American companies and workers more competitive. ...These include: 1. Raising the corporate income tax rate to 28 percent;
I'd be interested to hear the Biden administration's justification for this. Other than "Pooh ordered it", of course.
On the face of it, I can't think of another country that's made a conscious decision to sacrifice their own industry to bolster another's in this fashion.
Also, a point to note: Do you think Chinese production is going to be as efficient or as environmentally friendly as US production?
Desperate bids to make globalism happen despite every single indicator the 20+ year shift towards that has been a complete fucking disaster for everyone involved.
You know, like how we have a massive supply chain crunch and almost-failure every single day and it's been that way for months? But supply chain failure is GOOD for, uh....well, not nature...or America...or the countries we do trade with...or the American people....or the economy....
BUT GLOBALISM IS THE ONLY WAY! WHY WOULD YOU PRODUCE YOUR OWN PRODUCTS IN YOUR COUNTRY WHEN WE--I mean you--CAN PAY A CHINESE KID 3 CENTS AN HOUR FOR YOUR TOILET PAPER!! ANTI-GLOBALISTS ARE RACISTS REEEEEEEEEEEEEEEEEEEEEEEEE
Do you think Chinese production is going to be as efficient or as environmentally friendly as US production?
Absolutely not, which is ironically why America should manufacture everything in-state that we offshored to elsewhere and continue to produce our own coal.
One of the most important objectives of the Made in America tax plan is to reduce incentives for the offshoring of American jobs while also limiting the ability of corporations to take advantage of corporate tax loopholes to shift their profits to low-tax jurisdictions.
the plan will raise the corporate tax rate from. 21% to 28%, and the eliminate exemption of the guest 10% of foreign profits.
TLDR: we will incentivize corporations to on shore assets by taxing them more and also taxing their foreign assets more.
Sounds like you’re asking them to just leave entirely???? Wtf is this shit???
Anyone know of any other sources on this? my searches are only coming up with biden campaign promises that claim the opposite, but we all know how much his campaign promises are worth.
There are so many guns in this country and so many crazy people. Aren't there at least a few Mark David Chapmans out there who would like their names in the history books?
This is what I've been thinking. They were hoping to collapse the economy in 2020 and it turned out to be more resilient than they thought. Now they have to come up with a bunch of extra garbage to try and catch up with their plan.
That's absolute insanity. Why would you tax your own economy like that!?
To damage it.
Only reason I can think of - more of a fig leaf, really - is to reduce US emissions by removing US industry.
I support the idea of outsourcing everything to China and then nuking China to solve climate change.
we should just nuke beijing anyway
The ‘stated’ idea is that Biden is working with countries around the world to have the entire world raise the corporate tax rate. If that were possible, though I wouldn’t want the money going to the government, you could argue some merits for it. The main problem is that it’s not going to happen though. It’d just be us raising it and people outsourcing. As if China and other countries are going to turn down the opportunity to continue taking all the business out there.
This reminds me of Obamacare. Although I’d prefer all healthcare being private and removing nearly all regulations to bring prices down because that’d work, you could argue the merits of healthcare being entirely run within boundaries to keep things fair and affordable because in many cases it’s not a normal free market situation. Then he passes a bunch of bullshit and companies react as you would expect and now we have worse healthcare and we have middle class people paying more for degenerates and having to pay more for themselves on top of that to receive inferior care.
Idea works in the abstract if all the stars align and everyone involved is a saint. What do you know, they didn’t and everyone’s a human being that responds to incentives.
Because Di Dong Sheng bribed you with two giant stacks of cash.
To give to separated families at the border and to give reparations.
The US has been a foreign banker tax slave farm since the 1860s, every cent of our income taxes goes in the banker's pockets.
The solutions are simple and clear.
I'll add to that last one:
Also out of the media, Hollywood, finance & healthcare.
I like your funny words magic man
Yikes.
This is treason.
Change my mind.
I'd be interested to hear the Biden administration's justification for this. Other than "Pooh ordered it", of course.
On the face of it, I can't think of another country that's made a conscious decision to sacrifice their own industry to bolster another's in this fashion.
Also, a point to note: Do you think Chinese production is going to be as efficient or as environmentally friendly as US production?
Desperate bids to make globalism happen despite every single indicator the 20+ year shift towards that has been a complete fucking disaster for everyone involved.
You know, like how we have a massive supply chain crunch and almost-failure every single day and it's been that way for months? But supply chain failure is GOOD for, uh....well, not nature...or America...or the countries we do trade with...or the American people....or the economy....
BUT GLOBALISM IS THE ONLY WAY! WHY WOULD YOU PRODUCE YOUR OWN PRODUCTS IN YOUR COUNTRY WHEN WE--I mean you--CAN PAY A CHINESE KID 3 CENTS AN HOUR FOR YOUR TOILET PAPER!! ANTI-GLOBALISTS ARE RACISTS REEEEEEEEEEEEEEEEEEEEEEEEE
See, the solution to the failure of
global Communismglobalism is toglobal communistglobalist harder.Absolutely not, which is ironically why America should manufacture everything in-state that we offshored to elsewhere and continue to produce our own coal.
Is that real? Can somebody point me to the specific clause? I need to read that because that’s insane.
The Made In America Tax Plan, U.S. Department of the Treasury, April 2021, p. 4 (I think), https://home.treasury.gov/system/files/136/MadeInAmericaTaxPlan_Report.pdf
TLDR: we will incentivize corporations to on shore assets by taxing them more and also taxing their foreign assets more.
Sounds like you’re asking them to just leave entirely???? Wtf is this shit???
Death to traitors.
Next stop: The "Protect our Children" bill:
H O N K
Anyone know of any other sources on this? my searches are only coming up with biden campaign promises that claim the opposite, but we all know how much his campaign promises are worth.
You can attempt to read through it here: https://www.congress.gov/bill/117th-congress/senate-concurrent-resolution/5/text#toc-H6B5E73D72EE34C31809458EB3A057A3A
Didn't find the tax hike for American businesses, though.
much obliged
A reverse embargo?
Dudes is a Winnie the Pooh Stooge
There are so many guns in this country and so many crazy people. Aren't there at least a few Mark David Chapmans out there who would like their names in the history books?
If they're out there they probably aren't going to say anything to anyone, let alone say anything online.
We are under enemy occupation
This is what I've been thinking. They were hoping to collapse the economy in 2020 and it turned out to be more resilient than they thought. Now they have to come up with a bunch of extra garbage to try and catch up with their plan.