GM Says Trump's Corporate Tax Reform Can Make US Vehicle Production Feasible Again

Here's my prediction: The tax "reform" will mean businesses pay less tax, and the fabulously wealthy will get yet wealthier.

*IF* my prediction is true, then of course GM will be all for it! What was NOT said is (a) the US government will become more efficient and provide the same level of services (or more services) using the same total revenue, and (b) the government will reduce its total revenue (i.e., collect less taxes IN TOTAL) while not increasing the National Debt (borrowed money, with the bill sent to taxpayers, now and for generations to come).

In plain English, this means the tax burden will be shifted even more from corporations (the domain of the fabulously wealthy) to plain ol' tax-paying folks like you and me.

More like you save on corporate taxes and hire more people. We collect the taxes from the additional workers on the payroll.

009 worships the wealthy.

Agent009: I believe the "theory" of trickle-down economics has been thoroughly debunk. We clearly see (and experience) an ever shrinking middle-class America, and a greater divide between the tiny fraction of Uber-Wealthy and those just trying to get by.

In case you haven't heard, even (rogue) Billionaires are talking about this. I stress "rogue" because there are relative few of them talking about this, publicly proclaiming that as the American middle-class shrinks, the Uber-Wealthy have fewer resources from which to build yet greater wealthy (usually through the loaning of money at interest, and the selling of products and services by Giga-Corporations). These relatively few smart billionaires are trying to get their brethren to smarten up, to realize that they're killing the goose that laid the golden egg, so to speak, with their greed for yet more wealth on top of already astounding wealth. For the most part, these guys rogue billionaires aren't being heard.

Their message is contrary to The American Dream: You too can become a millionaire if you just work long and hard enough at it, and don't give up... so get back to that cube (or position on the line) and keep working your way to getting rich. That's the dream. Trickle on.

Well you have to have workers in the US to gather taxes. If they are all in Mexico then you have a problem.

Sure, tax the big businesses and let them cut costs at the expense of jobs. Those people without jobs can just live of welfare.

The point is there needs to be a balance, and currently there really isn't.

Yeah TheSteve, but that's part of the trickle down economy. My trickle down benefit is schedule to arrive in my great grand kids' mailbox in about 40 years. Can't wait. They are going to be so proud of their papa's sacrifice for their trickle down benefit. You know, kinda like how the veterans get the benefit of the wonderful VA treatment after having been sent to Iraq to support Halliburton and the likes.

It ain't working...are you and your kids' future better off today than 8 years ago. Time to try something different. If it works, great. If it doesn't, then complain then not now.

Do you even remember 2008? The burst of the housing bubble, insane unemployment, depressed stock market, none of that rings a bell?

Trying something different is great as long as you learn from the lessons of past failures: both in policy and practice.

The devil you know is better than the one you do not!

The Democrats see business as the enemy and it has nuked our economy.
Seeing business as our friend and treating it well results in a robust economy.
It really is that simple.

#MattTheIdiot Read -SanJoseDrivers response above. The last time we had a Republican in the oval office, they saw business as the enemy and nuked our economy. Being a jackbooted, Alt-Right snowflake you are just to stupid to know the difference.

Terry989 Obama nuked the economy by doubling the all-time debt of EVERY president before him in 2.5 years and nearly doubled that by the time his dictatorship was over. You really ought to change your name. Being named after fabric is pretty laughable.

MDarringer wrote "...[Obama doubled] the all-time debt of EVERY president before him in 2.5 years..."

Can you show me some verifiable data, and help me understand your claim? Tables like this one http://www.polidiotic.com/by-the-numbers/us-national-debt-by-year/ and others like it show a picture in which most US Presidents sharing the ability to dig the hole ever deeper.

I'll look further on AlternativeFacts to see how Obama did it.

Obama's own White House reported that, dumb ass.

The only way to make production feasible in the United States is to put more money in the pockets of the consumers that will buy the vehicles.

Trickled-down never worked and will never work as long as those that benefit the most, wealthy, write the tax codes(via their bought politicians) to ensure that they keep most of the gains and lay the costs onto the American public.