A plan, which on the surface, appears to be very Reaganesque and commendable however business (in my opinion) has mutated since the '80s and I immediately envision Congress ripping this to shreds eliminating the following:
- Eliminating tax loopholes while lowering the Corporate tax rate to a "fair" 28% - seriously? As if Corporations suddenly want to pay what someone may deem their fair share? It's all about profits baby and low-to-no taxes means profits.
- Removing incentives to relocate overseas. Corporations have and will continue to shift their mfg to wherever costs are lowest. What's he smoking and why isn't he sharing?
Give them incentives TO manufacture here (more tax breaks)