Australia: We Need to Lower Our Taxes Now or US Will Get Our Jobs

Discussion in 'Australia' started by Weatherman2020, Dec 23, 2017.

  1. Weatherman2020
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    Weatherman2020 Diamond Member

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    Winning.

    So, it looks like the Trump effect has gone international. After signing the most extensive tax reform in 30 years into law today, Australia’s treasurer warned his country that the Land Down Under could be left in the dust. The economy risks a one percent reduction in GDP if they don’t respond to our tax package, especially the corporate tax rate. Treasurer Scott Morrison said if parliament doesn’t act, Australian jobs, wages, and investments could be put in the crosshairs. Morrison is prepping a $65 billion cut of his own as well (via The Guardian):

    He has seized on Trump’s tax cuts, overhauling his justification for his proposed $65bn tax cuts to say they are now necessary not because they will add 1% Australia’s GDP growth, but because they will offset a damaging 1% hit to GDP that will supposedly flow from the huge tax cuts in the US without Australia responding.

    Keep reading…
     
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  2. ColonelAngus
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    ColonelAngus Gold Member

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    If other nations want to prevent repatriation of American dollars, they will absolutely need to lower their taxes.

    Trump just started a global economic boom!
     
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  3. NYcarbineer
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    NYcarbineer Diamond Member

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    lol, so Australia will lower their taxes, cancel the effect of the Trump tax cuts, and we'll be back where we started,

    except with much higher deficits and debt accumulation. lol, brilliant!!
     
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  4. Bootney Lee Farnsworth
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    Bootney Lee Farnsworth Gold Member

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    So, not only is Trump making America better for average citizens, but NOW he is making Australia better.

    Wow.

    Poor commies. This has GOT to hurt.

    What this really does is FORCE all the world’s governments to quit robbing citizens. This is a victory for LIBERTY.
     
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  5. Alexanderful
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    Alexanderful Member

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    Amazing piece of economic analysis! You've proven to us all that tax cuts are a clear and present danger to our country. Thanks for sharing your wealth of knowledge.
     
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  6. Bootney Lee Farnsworth
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    Bootney Lee Farnsworth Gold Member

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    Or there’s another option...




    .


    QUIT WASTING ALL OUR FUCKING MONEY.
     
  7. NYcarbineer
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    NYcarbineer Diamond Member

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    You mean by cutting jobs in either the public or private sector that depend on government spending for their existence, by cutting off that spending?
     
  8. william the wie
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    william the wie Gold Member

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    That sounds like a gross underestimate to me. With China, India, Canada, Brazil, Mexico, South Africa, Nigeria and Russia all playing the same strategy to keep the US from eating their lunch a 1% cut sounds like using a bandaid to stop arterial bleeding.
     
  9. NYcarbineer
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    NYcarbineer Diamond Member

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    Time was when the debt was considered the clear and present danger to our country - considered that by the same people who voted for this budget busting tax bill.
     
  10. Hossfly
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    Hossfly ZIONUT Gold Supporting Member Supporting Member

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    No but by cutting out all the free shit for the ones who could work for a living and don't or won't.
     

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