Okay, what the heck, I’ll bite. This last post makes some sense. But Trumps tax plan (my original beef) hardly throttles Nike/Amazon.
I’d have to check their rates, but if Nike or Amazon were using international financial engineering to lower their effective rates under 10%, their taxes are probably going up. Possibly substantially. That BS all goes away when you shift to a territorial tax system; that shift is an entirely different matter than the tax rate cut.
So, it MAY actually throttle them, more than you think. The benefit of those lower rates will generally not be enjoyed by the international megacorporations.
as is the temporarily doubled deduction for the middle class and working poor.
Temporary? Tell me which party is going to refuse to vote to extend those deductions.
In 2025, the deductions will be made permanent, with 95% of ALL members voting *yea*.