House Republicans Break With Trump on Central Campaign Tax Platform
The first of undoubtedly many major policy disagreements between Trump and House Republicans occurred Monday night. House GOP leaders indicated that they would not back Trump’s threat to tax companies for shipping jobs overseas.
This was always an illusory fantasy of Trumps’. Anyone who believed that America could become a manufacturing economy again is definitely one apple that fell way off of the tree.
Trump knew this could never happen. As a result of a company paying foreigners pennies an hour, they are can provide their goods at such low prices.
You know how much your orange juice, or your dress shirt, or your television would be if they were being manufactured by Americans, being supported by their unions? Good grief!
House Republicans lay down the hammer!
Luckily, House Republicans dashed Trump’s fantasies against the rocks, before he even stepped into office.
What has it been? Two weeks, and already all of his promises are shattered!
Think of how betrayed them overall wearing Trumpkins must feel!
Even Speaker Paul Ryan, broke with Trump. In an interview, Ryan said that an overhaul of the corporate tax code would more effectively keep companies in the United States than tax penalties. NY Times article
Instead of threatening individual companies, like Trump did with Carrier, the GOP would like to rewrite the corporate tax code. Ideally, they say that this solution could make American manufacturing more competitive
House leaders would prefer to tackle US companies hiring foreigners with a wide rewriting of the corporate tax code.
Also, if we tax products not made in America, what about China and Mexico? We would be singing a different tune, when they start taxing us for products not made over there.
If America could be saved by slapping companies with a tax, it would have been done long ago. According to Republicans, simple solutions like that, simply don’t work.
“Tough talk plays well with his base and is arguably even long overdue,” said Brian Walsh, a Republican consultant and former official at the National Republican Senatorial Committee. “But ultimately the legislative focus will be on tax reform and deregulation versus tariffs and trade wars. I don’t believe Republicans will let a golden opportunity to finally pass comprehensive tax reform to fall victim to intraparty squabbling.” NY Times article
Originally published at POLITICAL HAZE.