Territoriality is Great for Fat Cats


I’m curious to learn how Trump apologists will defend the section on “territoriality” in Trump’s new tax plan. This section omits taxation on profits made by large corporations from their overseas companies, thus providing greater incentive for corporations to move production overseas. “Territoriality” seems completely counter to the slogan “Hire American, Buy American” along with many of the hollow promises Trump has made to blue collar workers. And what happened to the promise of heavily taxing businesses for producing overseas?

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