luisam Posted August 9, 2016 Share Posted August 9, 2016 In an effort to ‘jump start’ the US economy and also his faultering election campaign, which has been batterered by a series of recent controversies, Donald Trump has outlined his economic vision. During a speech in Detroit, the Republican presidential nominee vowed to dramatically slash taxes and regulations. “All policies should be geared toward keeping jobs and wealth inside of the United States. Under my plan, no American company will pay more than 15 percent of their business income in taxes…..In other words, we’re reducing taxes from 35 percent to 15 percent.” Trump also promised to make child care costs tax-deductible and end ‘death’ tax in a bid to reverse plummeting poll numbers against his democratic rival Hillary Clinton. Campaigning in the battleground state of Florida, she was quick to slam the real estate mogul’s proposals, describing them as a repackaging of traditional Republican trickle-down economics. ‘‘His (Trump) tax plans will give super big tax breaks to large corporations and the really wealthy just like him and the guys who wrote the speech right …..we’re going to make the wealthy pay their fair share in taxes for a change,’‘ Clinton said ‘‘And, as I have said throughout this campaign – I am not going to raise taxes on the middle class. But with your help we are going to raise it on the wealthy because that’s where the money is,” she added. Clinton is due to give a speech on the economy in Michigan later this week. Latest polls give her a substantial lead of around eight points over her Republican rival. SOURCE: euronews.com My comment: I feel BOTH proposals are incorrect. Emphasis should be pointed on GOVERNMENT EXPENESES. Link to comment Share on other sites More sharing options...
SnakeMasteR Posted August 9, 2016 Share Posted August 9, 2016 Apple, Microsoft among top 50 U.S. corporations using offshore tax havens https://www.thestar.com/news/world/2016/04/15/apple-microsoft-among-top-50-us-corporations-using-offshore-tax-havens.html "These companies aren’t just shielding tax revenue from the government — they’re taking money from the government (and taxpayers) in the form of federal loans, loan guarantees and bailouts. Between 2008 and 2014, for every $27 of these funds received, the companies paid $1 in federal taxes. None of this is illegal under current tax laws. But it could be, if U.S. lawmakers decide that current regulations disproportionately benefit wealthy Americans and corporations at the expense of everyone else." “There is something profoundly wrong in America when one out of five profitable corporations pay nothing in federal income taxes,” U.S. Democratic presidential candidate Bernie Sanders said of the GAO report. “Large corporations cannot continue to get more tax breaks when children in America go hungry. We need real tax reform to ensure that the most profitable corporations in America pay their fair share in taxes.” Trump is so derpy. ? Link to comment Share on other sites More sharing options...
pc71520 Posted August 10, 2016 Share Posted August 10, 2016 20 hours ago, n0_risk! said: These companies aren’t just shielding tax revenue from the government — they’re taking money from the government (and taxpayers) in the form of federal loans, loan guarantees and bailouts. What Capitalism stands for... Link to comment Share on other sites More sharing options...
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