GERMANS FEAR TAX CUT WILL SPUR US INVESTMENT AND GROWTH

[endicom]

Power Line
John Hinderaker
Dec. 20, 2017

The Democrats in Congress and the press have frantically tried to convince the American people that cutting businesses taxes won’t do any good. This view is delusional, but we hear it so often it almost begins to sound plausible. Here is a contrary view from a different source, German industry: “Germans fear huge loss of jobs from US tax reform.”

German investment in the US is expected to rise by €39 billion because of lower US corporate taxes.

While Americans are anxiously awaiting full details of the tax bill now being finalized in Congress, German economists are warning that the changes sought by President Donald Trump mean that significant amounts of new investment and jobs will shift from Europe to the United States.

More... http://www.powerlineblog.com/archives/2017/12/germans-fear-tax-cut-will-spur-us-investment-and-growth.php

[GrouchoTex]

I like it.
I work for an American branch of a German company.

[endicom]

I like it.
I work for an American branch of a German company.

Which could become more of a US company.

It's interesting that everyone knows a low business tax benefits the economy.

[Free Vulcan]

I have no doubt these globalist Deutschbags fear the shackles being taken off of the American economy, allthough I do find their nativist hypocrisy laughable.

[endicom]

I have no doubt these globalist Deutschbags fear the shackles being taken off of the American economy, allthough I do find their nativist hypocrisy laughable.

Our 35% federal corporate tax rate was one of the highest of the industrial nations. Even the more socialistic nations have tried to not hobble their economic engines.

 

[Frank Cannon]

I have no doubt these globalist Deutschbags fear the shackles being taken off of the American economy, allthough I do find their nativist hypocrisy laughable.

That word is good enough for a Monte Python skit.

! No longer available

[Bigun]

Our 35% federal corporate tax rate was one of the highest of the industrial nations. Even the more socialistic nations have tried to not hobble their economic engines.

Hummmm!  I wonder what would happen if we REALLY unshackeled ours? 

[dfwgator]

Winning Two World Wars has its' benefits.

[Wingnut]

Hummmm!  I wonder what would happen if we REALLY unshackeled ours?

 

The party of the Rats would never let that happen.   They believe in the type of controlled Capitalism. To make it work they pass laws so that everyone gets just enough stuff to keep them from getting violent and trying to take other people’s stuff.

[Bigun]

 

The party of the Rats would never let that happen.   They believe in the type of controlled Capitalism. To make it work they pass laws so that everyone gets just enough stuff to keep them from getting violent and trying to take other people’s stuff.

Let's eliminate the rats and do it!

[240B]

Die derzeitige Steuer ist viel zu hoch.
Die Steuersenkungen werden allen zugute kommen.

[Free Vulcan]

That word is good enough for a Monte Python skit.

www.youtube.com/watch?v=19fcN3VaXs4#]! No longer available[/url]

You honor me sir. 

[Oceander]

Our 35% federal corporate tax rate was one of the highest of the industrial nations. Even the more socialistic nations have tried to not hobble their economic engines.

 

What matters is not the marginal rate, but the effective rate, and the U.S. effective rate has always been lower than the advertised marginal rate.

[GrouchoTex]

Die derzeitige Steuer ist viel zu hoch.
Die Steuersenkungen werden allen zugute kommen.

Indeed

[thackney]

What matters is not the marginal rate, but the effective rate, and the U.S. effective rate has always been lower than the advertised marginal rate.

There are big incentives in the bill to pull business investment forward, such that the expected effective corporate tax rate in 2018 is a skinny 9 percent.

https://www.thenation.com/article/how-the-trump-administration-could-game-paychecks-to-win-support-for-the-tax-bill/

Is the current effective corporate tax rate today still 29%?

https://taxfoundation.org/cbo-report-compares-us-corporate-tax-g20/

[driftdiver]

Perhaps germany should cut their taxes in order to compete with America.

crazy concept

[IsailedawayfromFR]

What matters is not the marginal rate, but the effective rate, and the U.S. effective rate has always been lower than the advertised marginal rate.

I guess it surprises you but not me that a graduated tax rate works that way.

Got any other zingers out there?

[Wingnut]

Let's eliminate the rats and do it!

@Bigun
Only one problem... they put you in jail for that.  I can't do hard time.

[To-Whose-Benefit?]

If I'm reading this right they Should be afraid at between 30% to 33%.

https://www2.deloitte.com/content/dam/Deloitte/global/Documents/Tax/dttl-tax-corporate-tax-rates.pdf

Germany

Solidarity surcharge of 5.5% also levied on corporate income tax. Municipal
trade tax imposed at rates between 14% and 17%, with rates determined by
municipalities. Combined rate (i.e. corporate income tax, trade tax, solidarity
surcharge) approximately 30% to 33%.

[To-Whose-Benefit?]

Hummmm!  I wonder what would happen if we REALLY unshackeled ours?

Biblical Proportions, Mass Hysteria, Dogs and Cats, Living Together.

! No longer available

[Right_in_Virginia]

Perhaps germany should cut their taxes in order to compete with America.

crazy concept

Perhaps Germany should form a government instead of whining about the coming US investment and growth boom.