FROM 35% TO 20% (tax for corporations)

[FGB]

Yeah that may be the GOOD part of the tax plan.

The way things are looking States looks Texas will be paying the stuff we don't want for the Californians and such. While they get a credit or State taxes refunded basically.

 

[Richard_P_Feynman]

They say that they're doing it to spur economic growth
and to make the USA more competitive compared to other countries.

It makes sense, at a first glance.

But what if other countries decide to drop their Corp. taxes even more
in order to compete with Trump's 20%?

Worried that your goat-herding job will be outsourced, "clucky?"

 

[Hypoxia]

The way things are looking States looks Texas will be paying the stuff we don't want for the Californians and such. While they get a credit or State taxes refunded basically.

Prosperous, productive, blue states, which already support poorer, less productive red welfare states, will be further drained by double taxation. Red welfare states won't benefit; money that would have gone to their now-extinct safety-net programs will instead enrich corporate stockholders, many overseas. Those shareholders are banks, sovereign funds (state banks), insurers, other large financial institutions. Those financiers do not create productive jobs in USA.

 

[WoundedKnee]

How many of these prosperous, productive blue sates are on the brink of bankruptcy because of public sector promises of salary, benefits and retirement packages that they have provided that their high taxes cannot fund? When they do go under, who do they expect to bail them out?