How Trump Plans To Lower Corporate Taxes to 15%

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[arcamean]

Get rid of property taxes... gone, completely and absolutely. Give people the right to OWN actually OWN the land they live upon.

[DD-wxod]

Wild how many people don’t understand basic economics

[gmrrnracr]

He cut corporate tax NOT personal income tax. Thats a tax cut for the wealthy NOT YOU

[geofturner]

Astonishing that so many Americans don't understand what a crook this thing is or how tariffs work.

[MotorcyclesMetalandMayhem]

A 10% flat income tax would be nice. The more money we keep, the more we spend. Economy would boom

[hutzman]

So you enriched yourself and exploded the deficit. Thank you!!!

[score]

Like a week ago I heard Ramsay saying how he does not like tariffs because it makes the prices of everything here go up

[tanyacavanaugh]

I can only judge my life when he was president for the first time. I didn't get ANY tax breaks. The only thing I noticed is that I NO longer got a tax break on my mortgage. I was not better off!!! The truth is that even with inflation now, I'm doing so much better financially. We will see what he does.

[leoarmand]

Ramsey also knows better than anyone else that protectionism leads to an increase of prices without adding value to the product.

[ClaymorePT]

Americans are discovering that Tarifss are actually Taxes and that those new Taxes are going to be paid by the consumer, not the exporter.
By bringing down the taxes to 15% with the requirement of manufacturing the goods in the US, he will actually bring the price UP making it much more expensive. Tariffs will make it even worse due to the need to import raw materials which the US doesn't produce and doesn't have the ability to produce under the next 4 years.

What a clusterfuck of decisions that will make the US economy slow down even further...

[thebatmanwholaughs]

Our checks getting taxed, then us also getting taxed on things we purchase is something that needs to get fixed immediately.

[dennisnky]

I'll believe it when I see it. Remove all property taxes for anything under $1mil. Cut taxes in half everyone making under $200k.

[marilyn]

Tariffs are national sales taxes. They are ALWAYS passed directly to the consumer. You raise tariffs on a country and that country will automatically raise their tariffs on you. THAT is one reason why prices went up. Do you also not remember that the tariff war tanked American farmers' businesses and the US government had to spend money to bail them out? Do your homework.

[LBrisk]

He just conflated two tax rates. 39% was the old individual tax rate. 35% was what corporations used to pay before they went down to 21%.

[arenawoodworks]

A good government doesnt take but facilitates resources. Shares the basic needs and provides for its people.

[tylerscoville]

I really wish people understood the cost difference of manufacturing overseas vs in America. These tariffs wont change where we manufacture most of the products we buy.

Its a very simple math equation for why we manufacture in other countries. Manufacturing isn't coming back to America until it is highly automated.

[nightsounds]

I don't think corporate taxes being lowered is gonna fix anything unless you force them to pay their employees fairly. All they're doing in that case is making executives even richer, no one else

[skiterz]

Why not cut some completely. Why do we keep paying taxes on money that's already been taxed over and over

[shamrockh]

As a builder, I find myself increasingly concerned about the potential impact of tariffs on construction materials. The last time we experienced a significant rise in material costs, it led to a spike in home prices, affecting the overall market. Fortunately, during that period, interest rates were relatively low, allowing us to navigate the situation with some success. However, the current climate is quite different. Interest rates are no longer affordable, which has created a challenging scenario as we are now left with excess inventory. This combination of high material costs and high interest rates puts a great deal of pressure on our business and makes it difficult to operate effectively in today’s market.😊

[luizadame]

Tariffs harm regular people, it increases the price to consumers. On paper it’s supposed to help American companies have the same price as a Chinese company for their product, but in practice it increases prices and people opt out from buying the product.