GE, Boeing, Oracle form coalition to support Republican border tax

[alp227]

Source: Reuters

U.S. companies including major exporters General Electric Co (GE.N) and Boeing Co (BA.N) launched a coalition on Thursday to back a House Republican plan to tax all imports, saying the proposal would "support American jobs and American-made products."

The group, comprised of more than 25 U.S. companies and dubbed the "American Made Coalition," also includes Dow Chemical Co (DOW.N), Eli Lilly and Co (LLY.N), Pfizer Inc (PFE.N), and Oracle Corp, the companies confirmed.

The group's launch underscored a growing division in corporate America over the House Republican proposal that would cut corporate income tax to 20 percent from 35 percent, exclude export revenue from taxable income and impose the 20 percent tax on imports.

President Donald Trump has sent mixed signals about border taxes and the House proposal could face difficulties in the U.S. Senate where some Republicans question whether it would unduly raise prices for U.S consumers and businesses.

Read more: http://www.reuters.com/article/us-usa-trump-companies-tax-idUSKBN15H2VV

[TeamPooka]

1. Fuck this whole coalition.

[AJT]

2. If jobs do come back

They could bring back public hanging, make this a Christian country, eliminate abortion and birth control, make homosexuality illegal, require everyone to carry a gun, and bring back jim crow.......and it wouldn't matter.

[pbmus]

4. And I can't swallow upside down...now wtf is that about...!

[AJT]

5. White dudes with jobs won't care about anything else

with voter suppression, and women barefoot and pregnant we're back in the 50s just like his base wants, of course it will the 50s fascist style.......a loving marriage of government and corporations. I'm not sure what other end game corporations would have, why want this?

[pbmus]

8. And some good OL boy nuclear war in the mix and the second term of heir Trumpster

Is upon us...god speed ...northern Spain is looking better and better everyday...

[AJT]

11. Southern Spain sounds lovely

[DonCoquixote]

3. aka yhe "let's mess with China" gang

aka people who would make money if President Steve bannon gets his war.

[onecaliberal]

6. None of those fuckers pay taxes now

[cstanleytech]

7. Translation: Please institute an import tax so we can have higher profit margins that we

will probably only pass on to our stockholders as it will make our products cheaper than imports but once the imports dry up we will hike our prices to gouge the shit out of people.

[Tikki]

10. Time to teach yourself to sew, plant a garden, vacation locally and learn to repair...

all your own appliances. Buy local, buy BLUE, buy smart not trendy.

Recycle, re-purpose and reuse...

Drag them down even farther then their plans to drive us down.

Tikki

[angstlessk]

14. Yes, they will increase ALL prices by 20%, pay less tax and roll in the cash...

what's not to like?

[bhikkhu]

9. Idiots.

The Smoot-Hawley Act did more to deepen and entrench the Great Depression than any other factor. And directly led to business failures around the globe. Our current regime's ideas are worse.

[iluvtennis]

12. SMDH nt

[Botany]

13. Facism

n/t