President-elect Donald Trump has announced inflicting tax increases for business, but it’s not what you think.
“Please be forewarned prior to making a very expensive mistake!”
When Donald Trump was campaigning to be the President of the United States, he vowed to lower taxes for the American people, as well as the businesses within America. With his plan, businesses will be able to gain profit from saved taxes, thus making more job opportunities for the American people.
So why is Trump saying that he is going to increase taxes for businesses? According to BBC News, Donald Trump is sticking to his original vows. He wants to make more jobs for the American people. In order to do that, businesses must be loyal to our country and stay within our borders.
“Please be forewarned prior to making a very expensive mistake! THE UNITED STATES IS OPEN FOR BUSINESS.”
Any business that fires American workers then turns around and builds factories outside of our country will see a tax increase of 35 percent. Not only will this encourage businesses to stay within our borders to save themselves money, but it will allow them to increase job opportunities, thus giving them the opportunity to gain a higher profit.
According to Tax Foundation, Donald Trump’s tax plan “will lower the business tax rate from 35 percent to 15 percent, and eliminate the corporate alternative minimum tax. This rate is available to all businesses, both big and small, that want to retain the profits within the business.”
For business owners in America, Donald Trump has pledged to reduce their taxes from 35 percent to 15 percent.
“The US is going to substantially reduce taxes and regulations on businesses, but any business that leaves our country for another country, fires its employees, builds a new factory or plant in the other country, and then thinks it will sell its product back into the US without retribution or consequence, is WRONG!”
This vow by President-elect Donald Trump will allow our businesses to expand within all 50 states.
“This tax will make leaving financially difficult, but these companies are able to move between all 50 states, with no tax or tariff being charged.”
One company that Donald Trump has tweeted about this past week was Rexnord Corp. of Milwaukee, Indiana. The company has recently made a plan to move its plant out of Indiana and into Mexico, thus leaving 300 people out of work. Donald Trump vows that this will happen no more with his tax plan. If you move your business outside the American borders and leave American workers without jobs, you will see a significant tax increase.
Senior fellow at the Peterson Institute for International Economics, Gary Hufbauer, as well as other experts, have warned President-elect Donald Trump that he must gain Congressional approval prior to putting tariffs on companies. Hufbauer believes that the U.S. courts would not allow him to do so.
According to Donald Trump, his tax plan will increase the economy by growing jobs by at least 25 million over the course of 10 years.
If you take a look at the total picture, Donald Trump has pledged to “Make America Great Again.” One way he plans to do this it by helping businesses grow by saving them money that would typically be spent on taxes. The profit that the American businesses make from the saved tax money will go towards expanding their business, thus expanding jobs for the American people. This will boost the economy in America and will “Make America Great Again.”
What do you think about Donald Trump’s vow to significantly increase taxes to business owners, who by moving their business outside our border, causes Americans to lose their jobs and provides benefits to other countries?
[Featured Image by Ty Wright/Getty Images]