It seems that no matter who controls congress the sneaky K-street lobbyists still manage to screw the US economy by adding offshoring tax breaks. That is disappointing since Trump and the GOP ran on ending those practices. i.e. its more than high US corporate taxes that chases corporations overseas.
We need to stop tax breaks for outsourcing jobs and factories. I support this proposed legislation:
New Legislation Would End Tax Incentives to Move Jobs and Profits Offshore
Even the CBO agrees that there is a tax incentive problem:
CBO confirms GOP tax bill will worsen offshore tax dodging
Unless the Trump admin and the GOP fix the tax loopholes I hope the dems beat them over the head with their tax breaks during debates. The GOP also needs to raise taxes on the top 5% or so of incomes to pay the tax bills and reduce the Debt. The windfall in the stock market means that they can afford to pay a bit more in taxes to keep from exploding the Debt.
We need to stop tax breaks for outsourcing jobs and factories. I support this proposed legislation:
New Legislation Would End Tax Incentives to Move Jobs and Profits Offshore
Even the CBO agrees that there is a tax incentive problem:
CBO confirms GOP tax bill will worsen offshore tax dodging
Unless the Trump admin and the GOP fix the tax loopholes I hope the dems beat them over the head with their tax breaks during debates. The GOP also needs to raise taxes on the top 5% or so of incomes to pay the tax bills and reduce the Debt. The windfall in the stock market means that they can afford to pay a bit more in taxes to keep from exploding the Debt.