Trump didn’t know the GOP tax bill incentivizes business to offshore jobs – ThinkProgress


President Donald Trump was apparently unaware that a provision in his biggest legislative accomplishment encourages corporations to offshore jobs.

Sen. Sherrod Brown (D-OH) spoke with Trump Wednesday night about the closure of at least five General Motors plants, including one assembly plant in Lordstown, Ohio, and filled him in on how the GOP tax bill is partly to blame.

“I reached him last night, he said he wanted to help, I said the first thing you could do is you could take away that tax provision in his tax bill that gives a company a 50 percent off coupon on their taxes,” Brown told CNN’s New Day Thursday. “If you’re producing in Lordstown you pay a 21 percent tax rate, if you move to Mexico you pay a 10.5 percent tax rate, and I told the president to get rid of that tax break that encourages jobs to move overseas.”

The president apparently did not know that was in the tax bill.

 

Source: Trump didn’t know the GOP tax bill incentivizes business to offshore jobs – ThinkProgress

2 thoughts on “Trump didn’t know the GOP tax bill incentivizes business to offshore jobs – ThinkProgress

  1. So ‘Trump didn’t know the GOP tax bill incentivizes business to offshore jobs’ and for once I believe him for he would monly know this if he read the bill and understood it. He would also have had to listen to his advisors and not discredit them at every opporunity. He would even have to acknowledge that his own knowledge was insufficient.

    Now you may see why I believe Trump did not know for Truump would not do any of the above.

    His ignorance is outstanding.

    As for reading Bilsl or documents many people do not read because they can not read, could this be so of Trump?

    Liked by 1 person

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