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Betsy Devos is the Secretary of Education
Message
From
10/02/2017 13:40:02
Thomas Ganss (Online)
Main Trend
Frankfurt, Germany
 
 
To
09/02/2017 14:10:55
General information
Forum:
Politics
Category:
Education
Miscellaneous
Thread ID:
01647667
Message ID:
01647841
Views:
33
>Seems he promises early hints on tax changes - wonder if BTA will be part of it, even if I have not yet formed an opinion about it. If in current deficit situation he just does a Reagan-encore lowering of rates hoping for a trickle down without structure changes,
>
>What kind of structure changes?
>

The ideas I have read about were about restricting to deduct "foreign" costs from taxation and/or to give tax credit for exported goods.
Somewhat similar to EU VAT rules to tax only "added value" new, but with a "America first" slant as well.

Cross-country VAT has been used to swindle money from IRS equivalents, but that probably is a rounding error in an established system (which DOES create bureocratic overhead...)

If you acknowledge that US wages usually will increase tax base, foreign wages not, it does have an appeal - at least as long as other nations do not follow the example. Speculating further (will this approach encompass all costs, only wages or only taxes already on one of those, will it come at all...) is somewhere between arm-chair general without even clear data and an exercise in futility ;-)

>I will be as disappointed as I was with the possible "explanation" of heaving additional dues on mexican imports to pay for the wall this early in the game.
>
>I am sure that one way or another the Mexicans WILL wind up paying for the wall....

I don't think so if the mexican prez at that time has any backbone.

I heavily doubt that you personally would pay any building on your next neighbours ground ;-)
The only scenario I visualize is threatening to cut off more money coming to Mexico, which in essence means US taxes will pay for the walll by some bookkeeping slight of hand.
Any attempts to strong-arm Mexico into paying should be met with attempts to bite that person - which might be helped by other means ;-)

I see redirecting currently alloted funds from Mexican targets (like battling drug lords on home ground) NOT as "Mexico paying", instead as changing objectives for US tax $, although Trump flair for redirection and overstatement (I only read summaries of his books....) could try to sell that as Mexico missing the funds.... Con man tactic in my POV if used, but fits with alternative fact world view ;-)

Heaving additional dues on mexican imports just means US citizens buying those will pay for the wall due to hightened prices. If yuch a tactic is not ridiculed by ~80% of US citizens, my current opinion of them is too high
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