Newsweek on Nostr: Donald Trump to offer foreign companies tax cuts and federal land ========== Donald ...
Donald Trump to offer foreign companies tax cuts and federal land
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Donald Trump plans to announce tax cuts and federal land access for foreign companies in the U.S. on Sep 24, 2024. He aims to stop outsourcing and bring jobs back to the U.S. by cutting the corporate tax rate from 21% to 15% for domestic manufacturers. In contrast, Vice President Kamala Harris proposes raising the rate to 28%. Trump's previous corporate tax rate was 35% when he took office in 2017. He will deliver his speech in Savannah, Georgia, and has faced criticism from economists regarding the potential financial burden on U.S. consumers from his tariffs and deportation plans. Trump's past efforts to attract foreign investment, like the $10 billion Foxconn deal, were mixed in success. Uncertainty remains about the legality of offering such incentives to foreign companies.
#DonaldTrump #TaxCuts #ForeignCompanies #UsEconomy #KamalaHarris #CorporateTax #Outsourcing #Savannah #2024Election #EconomicPolicy
https://www.newsweek.com/donald-trump-foreign-companies-us-busisness-2024-election-1958570
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Donald Trump plans to announce tax cuts and federal land access for foreign companies in the U.S. on Sep 24, 2024. He aims to stop outsourcing and bring jobs back to the U.S. by cutting the corporate tax rate from 21% to 15% for domestic manufacturers. In contrast, Vice President Kamala Harris proposes raising the rate to 28%. Trump's previous corporate tax rate was 35% when he took office in 2017. He will deliver his speech in Savannah, Georgia, and has faced criticism from economists regarding the potential financial burden on U.S. consumers from his tariffs and deportation plans. Trump's past efforts to attract foreign investment, like the $10 billion Foxconn deal, were mixed in success. Uncertainty remains about the legality of offering such incentives to foreign companies.
#DonaldTrump #TaxCuts #ForeignCompanies #UsEconomy #KamalaHarris #CorporateTax #Outsourcing #Savannah #2024Election #EconomicPolicy
https://www.newsweek.com/donald-trump-foreign-companies-us-busisness-2024-election-1958570