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Reply to "United Technologies Moving U.S. Plant to Mexico "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I am not a Trump/Cruz fan in the least but I wonder why this move was really necessary? Carrier Tech just gave Trump and Cruz more gasoline for the fire. https://www.yahoo.com/finance/news/watch-1-400-people-learn-030718813.html[/quote] Im confused. Why would this help Trump. Trump's entire clothing line Is made in China, Mexico, and Bangladesh. He would support a move like this based on his own actions.[/quote] Trump has gone after companies who move oversea for cheap labor. He says he will put tariffs in place to make it impossible for those companies to make a profit exporting their products back to the U.S. I agree with him. Something has to be done to keep jobs here. Our tax system already hugely favors financial firm over manufacturing. [/quote] The US has one of the highest business tax rates in the industrial world. Until that issue is addressed we will continue he to see more companies leave the US. It's basic math.[/quote] Not really. The actual effective tax rate here is 27.1%. The effective OECD average us 27.7%. Conservatives point to the marginal rate but forget about all the deductions they created. [/quote] The problem is that not all companies benefit from the deductions equally. Those that don't leave. I work for a traditional manufacturing company and we are well above 27%.[/quote]
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