Trump will bring about a new era of prosperity

Thrugelmir

DiggerUK wrote: »

I’ve amended my earlier post. All he needs to do is make people feel better off.......if he succeeds in allowing overseas corporate profits repatriated I’d advise you all to start placing bets on a second term..._

The returned "cash" has to do something, i.e. increase activity in the domestic market. Could simply be used to repay debt or purchase more of the companies own shares for cancellation.

mailmannz

Im just waiting for the media to start asking Democrats why they hate Americans so much. I know, thats like asking Democrats to start asking themselves awkward questions!! :rotfl:

DiggerUK

Thrugelmir wrote: »

The returned "cash" has to do something............

Share buy backs will sugar rush the markets. $1,000 dollar bonuses are already being dished out to staff, and some companies have raised their minimum wage structure.

The resurrected boom which has still got legs on it, shows the potential to bubble wildly in the new year in a way that should frighten even the foolish.

If he does succeed in plans to allow overseas corporate profits to pour back home, it will have the potential to develop a bubble we can’t possibly imagine..._

DiggerUK

Do we have a sane world with insane leaders, or an insane world with sane leaders.
Let’s see how this pans out..._

DiggerUK wrote: »

Trumps fiscal plans will sugar rush the economy. Making the fabulously wealthy, absolutely fabulous wealthy people.

Allowing US companies to repatriate profits held abroad, at a proposed 10% tax, plus a reduction in corporate taxes from 35% to 15%, will lead to a very happy middle class, as their pension plans get a rocket. All personal tax bands are promised a cut to boot.

Big savings (to big government) will be achieved by slashing green subsidies. A goodly war chest to pay for projects to buy blue collar votes for a second term........

The US can't outdo the rest of the world on cost, also they have smashed most of their industrial capacity. Going isolationist is not a viable option. Any talk of Trump teaching China a lesson, and bringing them to heel, reminds me of the successful campaign Custer waged against those pesky injuns..._

Edit 07-08-2017, well it seems that Trump is having trouble with his sugar rushing. Lots of problems getting his promises fulfilled. Even his green cuts don't amount to a lot of money to dish out.....what next for la la land..._

2nd Edit, 20-12-17 ok, now they will have corporate tax at 21%, which will benefit big business, but not small business, who have had their tax rate go up from 15%.
Personal tax rates are a mixed blessing, low paid will be happy getting reductions between 3 and 10%. Highest earners get 2.6% reduction.
‘Squeezed middle class’ don’t get much, between 0 and 4%. But there is a good chance that their savings will get a boost because of the sugar rush to corporate profits.

3rd Edit, 18-01-18, isn’t it easy to miss the wood for the trees. It seems the case that a reduced rate of 15.5% can be applied to repatriated foreign profits, with a few twists.....but not enough to cool the coming sugar rush I reckon.

https://www.cnbc.com/2017/12/19/tax-bill-includes-an-incentive-for-u-s-companies-to-invest-in-foreign-manufacturing.html

https://www.vox.com/2017/12/19/16791936/repatriation-holiday-republican-tax-bill-explained

Like it or lump it, love him or hate him, he is still on track to win a second term..._

Stand by for edit #4

DiggerUK

https://uk.reuters.com/article/us-usa-trade/asia-fears-trade-war-after-trump-plans-hefty-steel-aluminum-tariffs-idUKKCN1GE0AN

It’s hard to put this down as the first shots in a trade war, the tariffs are quite low.....and still open to negotiation Trump said the duties of 25 percent on steel and 10 percent on aluminum would be formally announced next week, although White House officials later said some details still needed to be ironed out.
I think he is after other deals, and is using this as a bargaining chip. Claiming exemption from WTO rules on the grounds of national security is a clause intended for use when a nation is at war..._

Thrugelmir

DiggerUK wrote: »

https://uk.reuters.com/article/us-usa-trade/asia-fears-trade-war-after-trump-plans-hefty-steel-aluminum-tariffs-idUKKCN1GE0AN

It!!!8217;s hard to put this down as the first shots in a trade war, the tariffs are quite low.....and still open to negotiation Trump said the duties of 25 percent on steel and 10 percent on aluminum would be formally announced next week, although White House officials later said some details still needed to be ironed out.
I think he is after other deals, and is using this as a bargaining chip. Claiming exemption from WTO rules on the grounds of national security is a clause intended for use when a nation is at war..._

Are the South Koreans or the Chinese still dumping steel?

DiggerUK

Thrugelmir wrote: »

Are the South Koreans or the Chinese still dumping steel?

What do you mean by ..dumping.. Is that the same as Icelandic ..dumping.. of aluminium..._

Backbiter

Trump's tax giveaway, deficit, national debt, growth etc.
https://mobile.nytimes.com/2018/04/09/us/politics/federal-deficit-tax-cuts-spending-trump.html?action=click&module=MoreInSection&pgtype=Article&region=Footer&contentCollection=Politics

The tax overhaul, which includes permanent tax cuts for corporations and temporary ones for individuals, will increase the size of the economy by an average of 0.7 percent each year from 2018 to 2028, according to the budget office.

But that added economic growth does not come close to paying for the tax overhaul, which the budget office said would add more than $1.8 trillion to deficits over that period, from lost tax revenues and higher interest payments.

Many Republicans have said the tax overhaul would vault economic growth over 3 percent a year for a sustained period, generating more revenue than the tax cuts would cost. But the budget office expects the economy to grow at an annual average rate of 1.9 percent over the next decade period. Growth would start strong, at 3.3 percent this year and 2.4 percent next year, but then slow considerably.