One thing that won't show up on the "trump accomplishments" list is his taking advantage of the corporate tax laws. Most people see it as a despicable trait, but I think it proves his understanding on what's broken. I think a shakeup by Trump in this area isn't even a gamble. I think it can only end positively. The gamble is in what I'd expect from diplomatic relations, which is an area where Hillary excels. In my mind, a Trump presidency appears to result in a stronger economy for us, but may hurt us on the world stage. That's the gamble I refer to, and while I don't know if it's one I will take or not, I do think it it should illicit more thought than to brush it away saying that it's never worth the gamble.
I can't put my finger on why, but this sounds wrong. I think if he shows he's the kind of man to take advantage of broken systems, it shows that he shouldn't be trusted with another system he could end up taking advantage of.One thing that won't show up on the "trump accomplishments" list is his taking advantage of the corporate tax laws. Most people see it as a despicable trait, but I think it proves his understanding on what's broken. I think a shakeup by Trump in this area isn't even a gamble. I think it can only end positively.
I'd go along with that. I do feel it's a conflict of interest that he would be a sitting president with a bunch of companies under him. He says he'll leave those behind, but I have a hard time believing that. As the president though, he's not going to be drafting intricacies to a new tax code. Anything on the table will be up to him, congress, and the public to pick through. From what I can tell of his plan, it's all about transparency and getting backdoor money back into the US.
I've actually barely even started my research into this. Some notes that I've made so far center around corporate tax reform and lower taxes. I need to see how this differs from the Bush-era trickle-down economics (if at all). With the tax reform, if he can keep money on the books, corporations will have to either reinvest or pay their share of taxes. Either is great. Right now, a lot of big companies are sending money out a backdoor. As for small businesses, they either reinvest, or pay the 30some percent. The 15% rate will seem more worthwhile for small business to hold on to some cash. More companies holding onto cash could soften the blow when interest rates start to rise. I'm also intrigued by the tariff ideas. I don't know the repercussions on that other than forcing the hand to bring some manufacturing back to the US, and if that's even a good thing at all. If you have any good reading material on any of these topics, I'd love to see them.