General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTax Plan gives $520 Bilion to WEALTHY FOREIGNERS
"It will give billions to foreign investors at the expense of middle-class Americans.
...Foreigners will see more money than all middle-income households in the United States combined. Thats because foreign investors now own more than $6.5 trillion worth of U.S. equity and investment fund shares, and about 35 percent of all U.S. corporate stock, according to data from the Tax Policy Center. The GOP plan will lower corporate tax rates to 20 percent, benefiting foreign investors at the cost of at least $52 billion each year, or $520 billion over the next decade.
http://www.newsweek.com/gop-tax-plan-foreign-investors-middle-class-americans-726410
So much for "America first," huh.
spooky3
(34,508 posts)Duppers
(28,127 posts)That's why I dug for the info. MSNBC, yay!
Hoyt
(54,770 posts)AlexSFCA
(6,139 posts)HipChick
(25,485 posts)dchill
(38,578 posts)I was worried they wouldn't get anything!
dchill
(38,578 posts)Progressive dog
(6,922 posts)We're going to have to borrow that money back from somebody, since the government is already running a big deficit.
SunSeeker
(51,771 posts)Tactical Peek
(1,212 posts)GOP tax plan: Foreigners to gain $48 billion from legislation in 2019
https://www.cbsnews.com/news/gop-tax-plan-winner-foreign-investors/
Duppers
(28,127 posts)Wonder where the Newsweek report found the $4 Billion difference?
A billion here, a billion there can add up to real money.
Sorry for joking about something that is this serious, when millions of Americans are going to be suffering and dying because of the sacrifices they are must make. It's all so damn and unbelievably cruel!! These Republicans are heartless psychopaths.
Bayard
(22,184 posts)They loan us a few trillion. Any doubt they have some pull in our government?
Do the Saudi's still own Citibank?
ecstatic
(32,759 posts)Their red line appears to be anything that appears to help non-whites or "foreigners."