Anyone dare to respond to how the hell Trump's economic plan would benefit anyone but the rich and multinational corporations? When has cutting the taxes on the rich benefited the poor? When has trickle down economics actually worked to increase the wages of average citizens? How many people are affected by the estate tax?
Is he going to get rid of all the loopholes after lowering the business tax rate from 35 to 15? I highly doubt it. Many multinationals corporations already pay near zero to lower than 15% tax rate. This would benefit small business owners that don't have tax shelters all over the world. Perhaps we should cut all the damn subsidies and loopholes that big corporations lobbied millions of dollars for before cutting the tax rate to 15.
How is reducing the tax rate on foreign income to 5% (to bring the money back to USA going to help the USA economy? We already did this in a 2004 bill which many of the multinationals like Citigroup, Pfizer, Ford and others brought back tons of money. What did they do? They had massive layoffs that followed and used that money to buy back stock to drive their stock prices up further.
I dare anyone to respond. These old con economic policies haven't worked in the past and they won't work in the future. The only thing I agree with Trump is that we need more infrastructure spending which we need more money from the multinationals that use our roads, highways, airports etc with little to no tax.
