The cracks are appearing. This is how to defeat that man’s agenda. Dems stay unified and pick off 3 Republicans for each issue.
The rub is that the Donald needs to “disrupt” the current system by breaking today’s GOTP free trade alliance and creating a new set of winners incentivized to support Him.
The resulting “Obama depression”, with its newly-freed White supremacist volunteer enforcer class, is by far His best hope to cement in place the “Trump Presents the Republican Party” majority for this and future generations.
And they complain bitterly about ‘social engineering’
Companies that rely on federal contracts will support the change until it looks like it’s dead, at which point they’ll abandon it. Until then, every retailer will oppose this change with the heat of a million suns. (Also, Trump and everyone else with foreign assets or assets denominated in foreign currencies.)
My issue is a DBCFT is usually associated with a VAT, but this is jerry-rigged to the corporate tax. Like healthcare, instead of a clean break we’d have a hodgepodge mess of a system. Also, the DBCFT would not make up for the loss of revenue by the reduction in the corporate tax rate, so this is effectively another unnecessary Paul Ryan tax cut for the rich.
Ok I maybe a little slow on the economic side of politics but one the rich stop paying taxes and the burden falls on middle to working class folks, which will barely be able to afford food, housing, and such, who is going to keep the rich’s coffers full?
The Ancien Regime was a hell of a party while it lasted.
OH has been struggling since Ted Kennedy died…Ted gave him relevance.
But Orrin, dear… you asked for it .
“I’m not very enthused about it,” said Republican Sen. Orrin Hatch of Utah
He’s not very enthused about it today. Hatch is the ultimate opportunist, and will turn on a dime if he thinks changing his position will someone work to his benefit.
Nice column about that in today’s Salt Lake Tribune:
You mean there is actually a tax gimmick that Republicans don’t buy into?
Orin Hatch is an interesting example. People back in Utah are saying he shouldn’t run for reelection. Presto changeo! Orin the Trump skeptic!
The border adjustment tax is a key feature of House Republicans’ efforts. It provides the revenue — more than $1 trillion over a decade — to help pay for lower overall tax rates.
so we can pay lower taxes and pay a lot more for goods? hmm. ryan is a deep thinker? a wonk?
I wonder if paying for Afghanistan and our Iraqi Expedition has factored into any of this.
nice. expedition has such a jaunty ring to it. almost sounds like fun.
Bet Hatch wakes up in cold sweats at night thinking about Evan McMullan breathing over his shoulder.
This is nothing other than the typical Republican marketing scam to shift taxes from corporations to individual taxpayers under the guise of a patriotic put-Americans-back-to-work plan.
Remember that gigantic corporate tax cut W pushed through right after he took office and how that was going to boost the economy into orbit and at the same time not expand the deficit? Me too.
It’s all a load of crap.
Consumption tax is the most regressive form of taxation. Poor and middle class spend almost all their money. Rich people sock most of it away. And you know who will ultimately pay the “border” tax.
Not All GOPers Are On Board With Plan To Overhaul Corporate Taxes? Give them time as they were busy creating laws to prevent the next Great Obama Muslim Massacre. Plus, there are only so many tweets trump can send out in one day. They’ll all be on board by next week.
…they’re not on board…yet.
I can think of half a dozen ways that a good accountant could shift every penny of profit a company makes to its exported products, as long as it exports anything at all. And I’m not even a tax specialist. Sure, some of them might eventually be nullified by a smart congress working together, but – yeah, you can all stop laughing now…