| Slarvax said: I remember when I saw the first debate between Hillary and Trump, it all made sense then and there. Trump talked about how Obama ruined the country, how there's a huge debt. His solution? Lower taxes. Brilliant. |
Lowering taxes is only a part of it. Yes if only lowering taxes you will see more debt because you have less income. If however you start taxing imports at a higher rate you increase revenue and create the possability for more jobs in the US which will bring in more tax revenue. The reason you are creating more job opportunities by increasing import taxes is because companies will be forced to either bring jobs back to the US to avoid the import tax or pay the higher tax, either way your revenue increases. As I said in my last post as well, reducing the corporate tax to a level that allows companies to keep more money if based in the US will bring companies that have moved headquarters back to the states. The tax plan is designed to make it more lucrative to do business in the US vs its current setup which makes it far more profitable to operate outside the US.
