Top House GOPer Won't Back Trump's Idea To Tax Businesses That Move Abroad

[DonViejo]

Source: Talking Points Memo

By LAUREN FOX Published DECEMBER 5, 2016, 1:51 PM EDT

House Majority Leader Kevin McCarthy (R-CA) refused Monday to outright endorse Donald Trump's proposal to tax U.S. companies that move jobs overseas.

McCarthy tried to avoid answering the question in a meeting with reporters, according to multiple accounts, but eventually warned that the U.S. should be careful not to get into a trade war over tariffs.

"I think the point the president-elect was trying to make was he wants to create jobs in America,” McCarthy said, according to a report in Politico. “Today, the best way to make that change is through tax reform. … I think there are other ways to achieve what the president elect is talking about, but the only way you can do any of this is you’ve got to have tax reform.”

McCarthy's unease over Trump's trade policy is one of the many expected fault lines between the President-elect and leaders in the Republican-controlled House of Representatives. Trump campaigned against U.S. trade policy whereas Ryan spent the better half of 2015 fighting to pass a free trade deal in his chamber.

-snip-

Read more: http://talkingpointsmemo.com/livewire/top-republican-won-t-back-trump-s-idea-to-tax-businesses-that-move-abroad

[wordpix]

1. "tax reform" to repukes is giving $7 million in tax revenue to Carrier, worth billion$

OK, McCarthy, what's YOUR version of tax reform since you don't like Dump's?

[Angry Dragon]

4. Indiana is giving the tax break

Trump had nothing to do with it ...... just taking credit

He has no power to make any deals at this time

[TreasonousBastard]

2. Do any of these assholes actually understand how corporate decisions are made?

The bad news is that some are really nasty-- I know of two companies who moved to Northern NJ to be close to the boss's home when thousands of employees lived a two hour drive away, where they could afford homes. I know of another one who moved the NYC office to Connecticut because the NYC manager lived there.

But, nobody's moving factories to Mexico or Honduras because they want to hang out there. Local land prices and taxes, labor rules and rates, access to markets and raw materials, regulations, transportation, communication... All these and more goes into deciding where to locate.

And all this whining about China and Mexico doesn't mention what our own states have done to encourage this. Textile mills all over New England, built two centuries ago thanks to vast amounts of hydropower, moved south when our own Chinas down there promised them freedom from taxes, unions, and employee benefits.

When Mercedes was looking to build a plant over here, Mercedes execs actually admitted some embarrassment over the ways some southern politicians were on their knees giving away the store. Real whores get paid money for blowjobs, politicians do it for the photo ops.

[pbmus]

3. Kakistocracy ..

[kysrsoze]

5. Is anyone surprised at all about this?

[Sunlei]

6. when will Republicans remove my property tax? highest TAX I pay and we all pay due to higher rents.