Trump didn't know the GOP tax bill incentivizes business to offshore jobs

[turbinetree]

Source: Talking Points Memo

"The president is not one to take responsibility for his own issues."

REBEKAH ENTRALGO
NOV 29, 2018, 10:47 AM

President Donald Trump was apparently unaware that a provision in his biggest legislative accomplishment encourages corporations to offshore jobs.

Sen. Sherrod Brown (D-OH) spoke with Trump Wednesday night about the closure of at least five General Motors plants, including one assembly plant in Lordstown, Ohio, and filled him in on how the GOP tax bill is partly to blame.

“I reached him last night, he said he wanted to help, I said the first thing you could do is you could take away that tax provision in his tax bill that gives a company a 50 percent off coupon on their taxes,” Brown told CNN’s New Day Thursday. “If you’re producing in Lordstown you pay a 21 percent tax rate, if you move to Mexico you pay a 10.5 percent tax rate, and I told the president to get rid of that tax break that encourages jobs to move overseas.”

The president apparently did not know that was in the tax bill.


Read more: https://thinkprogress.org/trump-didnt-know-gop-tax-bill-incentivizes-business-to-offshore-jobs-367fe5bea9dd/

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That is all....................he was only concerned with what he got out of the deal with his real estate criminal enterprise...............pass through.......................


November 3, 2020 cannot get here fast enough................

[Cousin Dupree]

1. He's a lazy know-nothing who doesn't do his homework. Not surprising.

[lagomorph777]

8. I call BS. Trump probably insisted on that provision for his own business interests.

[TexasBushwhacker]

18. My thoughts exactly

Who in their right mind would give tax incentives to companies sending jobs out of the US? Only someone whose GREED knows no bounds. Well, Trump and his GOP minions OWN THIS MOTHERFUCKER.

[RockRaven]

2. Reporters need to confront him with the fact that he a) didn't read it & b) didn't listen to experts

who had read it.

This is why you hire competent advisors. This is why you listen to their advice and input. This is why you don't rely on your "gut" or your "very big brain."

[Moostache]

4. I would simply ask him to translate to us mere mortals using his "best words" (n/t)

[LiberalLovinLug]

21. That ...or he DID read that part and DID listen to his own hand picked "experts"

Who told him this would make it much easier to get his ties and other products produced overseas.

And he's just using the "oh dear gosh....if I had only known!,...I guess its too late to change it now." excuse.

that's what I'd put my money on

[Moostache]

3. This is the darkest chapter in American Presidential history to date...

I was so very wrong when I opined that the GOP could never sink lower than the embrace of Caribou Barbie...Trump and his criminal family make them seem like light-weight pikers in comparison...

[Historic NY]

5. I've posted a bunch of the print media articles on twitter.

He doesn't read what he signs. The Tax Bill has been a boon for everyone except the middleclass.

There were lots of articles then even the CBO warned them.

[Autumn]

6. His fat McDonald's filled gut missed that part. It was obscured by a KFC chicken leg.

[Maxheader]

7. Liar! Liar! Pants on fire

"I told the president to get rid of that tax break that encourages jobs to move overseas.”

And that's not going to happen...

[watoos]

9. I said in another thread,

that Trump's tax scam Bill will be the downfall of the Republican party. Income inequality will be the culprit and Trump's tax scam is just going to drastically widen that gap. I heard someone say, so I'm not sure it is true, that 2/3 of our GDP comes from consumer spending. With Trump's tax scam money is flowing from the bottom up, fewer and fewer people are able to accumulate wealth, or simply put, the rich are getting richer and the poor are getting poorer. Wall Street should be booming.

[safeinOhio]

10. So the Senator that might run against you in 2020

reads your own bill, that YOU take credit for, and you had no idea what was in it? Looks like the choice is very clear.

[titaniumsalute]

11. THANKS Sherrod Brown (and glad we re-elected you in Ohio)

[brush]

12. The stupid ignorance in the WH hurts. The evil in the repug party sends jobs overseas.

They don't look out for what's good for the country but what corporate lobbyists deposit in their campaign coffers.

[Buckeyeblue]

13. If you wanted to decrease off-shoring

Charge a special payroll tax of the offshore cost. Make it either 2:1 or 1:1. Remove the advantage companies get with cheaper labor. This would be big for IT and service industry jobs.

[HuskyOffset]

14. "The president apparently did not know..."

pretty much anything can go at the end of that sentence.

[hibbing]

15. He and the party he leads do not care

It is all about serving the ruling class at all costs.

Peace

[pazzyanne]

16. There goes tRump listening to his "gut" again,

instead of using his brain and listening to people who are experts in their fields.

[TexasBushwhacker]

17. This is what happens when the GOP controls everything n/t

[Perseus]

19. He never knows what he signs, to pretend otherwise is to be a republican lying to the media

When asked about bills he has signed all he does is his 5th grader talk..."this bill is the greatest, Obama never did this, blah, blah..."

But then again, that may be a provision he asked to have because lets face it, the man-child did not become president to be president, he became president to make money for him, and maybe his family...well, and Ivanka.

[TwistOneUp]

20. Re: "November 3, 2020 cannot get here fast enough"

The day he realizes his empire is globally fscked and he will live the life of a fundagelical pauper cannot get here fast enough.

The day the GOP realizes he's a liability and dumps him like an old broken-down appliance can't get here fast enough, if ever.

[rockfordfile]

22. I don't buy it. I think he supported it.

[keithbvadu2]

23. Any jobs making Trump family products coming to America?

Any jobs making Trump family products coming to America?