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liberals realize that the recent tax cuts passed by the trump administration is being opposed by foreign countries?
countries like Germany, Italy,china,UK and France are terrified of these new corporate tax cuts.
you know why?
because they will give american companies distinct advantages in the international market due to their new found wealth and increased productivity.
they are so scared that it might instigate a trade war with them.
the finance ministers of these countries have actually expressed concern and are threatening to take their case to the world trade organization.
why should foreign countries be allowed to dictate economic and fiscal policy of the united states?
its for the same reason Canada opposed right to work laws in the united states.
Canada cannot compete with the united states economically. the factories in Canada will move to the united states as well corporate headquarters.
but keep in mind although i support trump domestic economic policy i do not support his foreign policy or his domestic social policy.
- ?Lv 73 years agoFavorite Answer
YOU HAVE MUCH TO LEARN
America’s corporate tax rate, 39%, is after loopholes really in line
with the average European tax rate at around 15%.
So now that Trump is lowering our tax rate to 21% it will actually
be effectively less than 15% because most loopholes are still in
the tax code.
So will America have an advantage?
Europe will simply lower their tax rates as well to compete with
our new low rates. So guess what – America shall gain nothing.
Quite the opposite; our govt, and European govt’s, shall all end up
talking in less revenue from businesses.
So govt shall provide less service, and poorer service, to average
people like you and me (unless you are rich and then you don’t
give a sh\t). You thought Trump cared about you? Naïve.
This was all about funneling money to the rich, Trump included.
And you bought his cr_p about being there for the working man.
- RoSHLv 73 years ago
"Making America Great Again"........Trump.
Works for me.
- Anonymous3 years ago
No, they watch fake news.
- 3 years ago
Oh so, essentially, they are being opposed by anyone with an education? Great.Source(s): Every single country you listed ranks higher than America in education
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- W.T. DoorLv 73 years ago
The Left opposed tax reform exactly because they were afraid it will cause the USA's economy to boom. To put it another way, the Democrat Party Elite would rather the USA be plunged into a depression rather than for Trump to have a political success.
- JamesLv 73 years ago
You mean MORE American jobs will be created? My God! What a catastrophe! Just think of it! MORE Americans will be able to earn their OWN way in this life, instead of being forced to suck off the Government Teat like an unweaned baby!
- Anonymous3 years ago
Source? Or just utter nonsense?
EDIT: Utter nonsense it is then...