usmbacker
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Australian Treasurer: We Need To Cuts Taxes Or U.S. Will Get .....
Our Jobs, Investments and Wages Because Of Trump Tax Cuts
He gets it. It's a new day in America.
Quote:So, it looks like the Trump effect has gone international. After signing the most extensive tax reform in 30 years into law today, Australia’s treasurer warned his country that the Land Down Under could be left in the dust. The economy risks a one percent reduction in GDP if they don’t respond to our tax package, especially the corporate tax rate. Treasurer Scott Morrison said if parliament doesn’t act, Australian jobs, wages, and investments could be put in the crosshairs. Morrison is prepping a $65 billion cut of his own as well (via The Guardian):
He has seized on Trump’s tax cuts, overhauling his justification for his proposed $65bn tax cuts to say they are now necessary not because they will add 1% Australia’s GDP growth, but because they will offset a damaging 1% hit to GDP that will supposedly flow from the huge tax cuts in the US without Australia responding.
Keep reading here
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12-23-2017 11:40 AM |
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UofMstateU
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RE: Australian Treasurer: We Need To Cuts Taxes Or U.S. Will Get .....
I wish some of the resident "educators" would read this and get informed.
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12-23-2017 11:42 AM |
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stinkfist
nuts zongo's in the house
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RE: Australian Treasurer: We Need To Cuts Taxes Or U.S. Will Get .....
hehehehehehehehehe
how some folk don't understand why protecting the USD is a good thingy is beyond me.....
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12-23-2017 11:44 AM |
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UCGrad1992
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RE: Australian Treasurer: We Need To Cuts Taxes Or U.S. Will Get .....
(12-23-2017 11:40 AM)usmbacker Wrote: Our Jobs, Investments and Wages Because Of Trump Tax Cuts
He gets it. It's a new day in America.
I've never understood why others don't get this too. Heck, you see it on the local level when communities/counties/states compete for retaining/new jobs and tax incentive packages are part of the art of the deal. Guess where companies like FedEx, Caterpillar, Honda, Amazon, etc. go? Where they get the best tax deals. Granted other factors are in play like logistics, market access, skilled labor pool, quality of life, etc., the tax deals are front and center.
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12-23-2017 11:59 AM |
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SuperFlyBCat
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RE: Australian Treasurer: We Need To Cuts Taxes Or U.S. Will Get .....
In the other tax bill thread the article by the German University guys was really good.
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12-23-2017 12:14 PM |
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shere khan
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RE: Australian Treasurer: We Need To Cuts Taxes Or U.S. Will Get .....
Lmao. But but but......it only helping the rich.
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12-23-2017 01:53 PM |
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Kronke
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Australian Treasurer: We Need To Cuts Taxes Or U.S. Will Get .....
Still not tired
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12-23-2017 04:31 PM |
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UofMstateU
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RE: Australian Treasurer: We Need To Cuts Taxes Or U.S. Will Get .....
(12-23-2017 04:31 PM)Kronke Wrote: Still not tired
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I was exhausted, but got a second wind once I found out I will save over $3K next year on my taxes.
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12-23-2017 04:36 PM |
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Kronke
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Australian Treasurer: We Need To Cuts Taxes Or U.S. Will Get .....
(12-23-2017 04:36 PM)UofMstateU Wrote: (12-23-2017 04:31 PM)Kronke Wrote: Still not tired
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I was exhausted, but got a second wind once I found out I will save over $3K next year on my taxes.
Low energy! For the love of God, someone get this patriot a Diet Coke!
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12-23-2017 04:40 PM |
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UofMstateU
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RE: Australian Treasurer: We Need To Cuts Taxes Or U.S. Will Get .....
(12-23-2017 04:40 PM)Kronke Wrote: (12-23-2017 04:36 PM)UofMstateU Wrote: (12-23-2017 04:31 PM)Kronke Wrote: Still not tired
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I was exhausted, but got a second wind once I found out I will save over $3K next year on my taxes.
Low energy! For the love of God, someone get this patriot a Diet Coke!
Well played. I had a Jeb! moment.
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12-23-2017 05:22 PM |
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