system
Given the following post, respond as if you're commenting on Reddit:
human
CMV: Trump's Tax Plan Isn't Going To Help The Economy

He wants to cut corporate taxes down to 20% from 35%. The thing is, corporations only pay around 12%, so this seems more symbolic than anything. He wants to cut taxes on the "low earners," but many of them don't even make enough money to pay taxes, so for many of them, a tax cut will hardly make a difference. They would benefit much more from an increase in income/salary.

He also has some conflicting ideas in his tax plan. He wants to also bring about a special reduced tax to have corporations bring back their foreign profits, but at the same time, this means these corporations might have to scale back foreign operations. The reason why they are in foreign countries in the first place is because of the demand available in those countries. The other proposed thing in his tax plan that conflicts with companies bringing back foreign profits is that he wants to propose a border adjustment tax that would encourage exports and foreign earnings, and then if they did that, they would have an exemption! It just makes no sense.

Seriously, the man is massively incompetent.
gpt
>He wants to cut corporate taxes down to 20% from 35%. The thing is, corporations only pay around 12%, so this seems more symbolic than anything. 

Corporations pay a marginal rate of 35%.  They pay an EFFECTIVE rate 12% because there are many exemptions in the code.  Trump's plan is to eliminate those exemptions and lower rates overall resulting in a simpler, more efficient tax code that costs less to implement.  this is literally tax reform 101.

>He wants to cut taxes on the "low earners," but many of them don't even make enough money to pay taxes, so for many of them, a tax cut will hardly make a difference. 

that depends entirely on your definition of "low earners" and the source of their income.

>They would benefit much more from an increase in income/salary.

that's true.  but you can't legislate that.  you can legislate lower taxes.

>He also has some conflicting ideas in his tax plan. He wants to also bring about a special reduced tax to have corporations bring back their foreign profits, but at the same time, this means these corporations might have to scale back foreign operations. 

No, he doesn't.  you simply don't understand what he's proposing.  

>The reason why they are in foreign countries in the first place is because of the demand available in those countries. 

that's why they have OPERATIONS in those countries, not why they have money in those countries.  the money is in those countries because if they bring it back to the US, they'll have to pay large taxes on it, so they leave it abroad.  Trump wants to make it easier for them to re-repatriate that money.

>The other proposed thing in his tax plan that conflicts with companies bringing back foreign profits is that he wants to propose a border adjustment tax that would encourage exports and foreign earnings, and then if they did that, they would have an exemption! It just makes no sense.

Again, no.  The point of a border adjustment tax is to encourage domestic production and thus exports.  Combined with his re-repatriation scheme, he wants to encourage companies to make stuff in the US, sell it abroad, then bring back the money to re-invest in the US.  the two ideas actually go together perfectly.

>Seriously, the man is massively incompetent.

No, you just don't know what you're talking about.  You might not like what he's trying to achieve but his tax proposals are perfectly sensible ways to do it.