Canada could get squashed by Trump's tax overhaul

[Right_in_Virginia]

Canada could get squashed by Trump's tax overhaul
CBC News, Dec 23, 2017, Aaron Wudrick

<snip>

The Tax Cuts and Jobs Act, which was signed into law by President Donald Trump on Friday, lowers the tax rate on high income earners and expands the child tax credit for families, among other things. But the centrepiece is the single largest business tax reduction in American history, dropping the federal rate from 35 per cent to 21 per cent beginning in 2018.

Policy wonks south of the border will debate the pros and cons of the bill, which will see taxes go down for the vast majority of Americans. But from a Canadian standpoint, we should be focused on what it means for our country's tax competitiveness.

***

Faced with the new American reality, this is cause for concern. Why invest in Canada and pay higher taxes when you can invest next door and pay less? This is especially true when competing for foreign investment.


More: http://www.cbc.ca/news/opinion/canada-trump-taxes-1.4463400

[Right_in_Virginia]

And the globalists thought they had won.   

[To-Whose-Benefit?]

Canada could get squashed by Trump's tax overhaul
CBC News, Dec 23, 2017, Aaron Wudrick

<snip>

The Tax Cuts and Jobs Act, which was signed into law by President Donald Trump on Friday, lowers the tax rate on high income earners and expands the child tax credit for families, among other things. But the centrepiece is the single largest business tax reduction in American history, dropping the federal rate from 35 per cent to 21 per cent beginning in 2018.

Policy wonks south of the border will debate the pros and cons of the bill, which will see taxes go down for the vast majority of Americans. But from a Canadian standpoint, we should be focused on what it means for our country's tax competitiveness.

***

Faced with the new American reality, this is cause for concern. Why invest in Canada and pay higher taxes when you can invest next door and pay less? This is especially true when competing for foreign investment.


More: http://www.cbc.ca/news/opinion/canada-trump-taxes-1.4463400

Then REDUCE your own punitive, counterproductive TAX RATES, and welcome aboard the Freedom Express.

Got a problem with Rich Corporations 'Not Paying Their 'FAIR' Share'?

Then TRY making them actually pay it.

They never have, never will, because calling the Corporate Income Tax a tax on Corporate Income is a ruse.

It is a Consumption Tax, flat and simple, that Corporations pass through to their consumers, and there isn't any way to prevent them from passing it through short of Nationalizing through Govt takeovers the ownership of Every cent in existence.

It's called Communism.

If anyone needs anymore clarity on this Look at what's happening in China.

http://www.gopbriefingroom.com/index.php/topic,296252.0.html

http://www.gopbriefingroom.com/index.php/topic,296253.0.html

[Wingnut]

Your Socialist economies are going to take it in the shorts when Trumps Tax Plan takes effect.
They should be afraid.

[Bigun]

Then REDUCE your own punitive, counterproductive TAX RATES, and welcome aboard the Freedom Express.

Got a problem with Rich Corporations 'Not Paying Their 'FAIR' Share'?

Then TRY making them actually pay it.

They never have, never will, because calling the Corporate Income Tax a tax on Corporate Income is a ruse.

It is a Consumption Tax, flat and simple, that Corporations pass through to their consumers, and there isn't any way to prevent them from passing it through short of Nationalizing through Govt takeovers the ownership of Every cent in existence.

It's called Communism.

If anyone needs anymore clarity on this Look at what's happening in China.

http://www.gopbriefingroom.com/index.php/topic,296252.0.html

http://www.gopbriefingroom.com/index.php/topic,296253.0.html

Excellent post @To-Whose-Benefit?

100% correct across the board.   

[To-Whose-Benefit?]

@Bigun

If 200 years of Vote Whores in Congress haven't been able to Tax us into prosperity already, to bring about Marx's phony 'Workers Paradise' for his equally phony 'Proletariat' out of the pockets, sweat and hard labor of the 'Petty Bourgeoisie', . . . then when?

How much more are we All expected to let them take?

How many more 1/4% here, 1/2% there, is it going to take them to get us to Nirvana?

The people imposing the CPI don't dare call it what it is, because Nobody would stand for it.

And that Includes the 'Eat The Rich' crowd.

As Rush Limbaugh put it, "Everybody Wants Stuff."

Try explaining to the Eat The Rich crowd that they Should be paying more (which is what they're doing right now anyway) and cover your ears as they shout you down rather than let you even Get Through the plain as the nose on your face explanation, . . . of how They're getting screwed too.

Bloated, Lying, Socialist Governments on a Mad Max tear.

! No longer available

"Let Mr. Madison tell me when did liberty ever exist when the sword and the purse were given up from the people? Unless a miracle shall interpose, no nation ever did, nor ever can retain its liberty after the loss of the sword and the purse."
Patrick Henry

Australia and Germany's Govts having nervous breakdowns too.

http://www.gopbriefingroom.com/index.php/topic,296216.0.html

http://www.gopbriefingroom.com/index.php/topic,295910.0.html

[dfwgator]