How President Trump can get another win

“Today, stocks were up nicely, the dollar was stronger, and yields ticked up — all reflective of some of the chatter on the wires out of Washington,” Bryan Rich writes for Forbes. “The pushed back timeline on tax reform has been one of the heavier weights on markets since health care reform negotiations fell apart last month. Prior to that, Treasury Secretary Mnuchin and Speaker Paul Ryan had both said health care reform had to come before tax reform.”

“Now Mnuchin is saying tax reform will happen whether health care is done or not. But he’s also managed expectations on something coming by August–now he says before the end of the year, and he says it will be significant,” Rich writes. “Trump, and the economy, need a win to keep momentum going in the right direction. They could get a win by fast tracking plans to give a tax break to trillions of dollars of corporate money that is parked overseas.”

“Even at a flat 10% tax on money coming back in, that’s money they are already earmarking to help pay for an infrastructure spend,” Rich writes. “Getting that in motion would drive employment, wages, investment and growth–all things that can be bolstered further by tax reform and health care reform later.”

Read more in the full article here.

MacDailyNews Take: As we wrote last year, prior to the election:

Let’s not do another “one-time-only” (smirk) repatriation holiday. Let’s fix the broken U.S. corporate tax code instead. Let us eschew the easy way out, that fixes nothing in the long run, and choose to do the hard work instead.

SEE ALSO:
What President Trump could do to lift Apple shares to $175 – March 17, 2017
Apple raises $10 billion in debt ahead of President Trump’s repatriation tax plans – February 3, 2017
After Apple’s blowout earnings, the Street looks toward ‘iPhone X’ and President Trump’s tax reforms – February 3, 2017
President-elect Trump’s corporate tax reform expected to have some positive impact on Apple EPS – January 14, 2017
Exploring Apple’s tax situation under U.S. President Donald Trump – November 21, 2016
Morgan Stanley: Apple stands to benefit the most from President Trump’s corporate tax plans – November 11, 2016
Apple and U.S. President-elect Trump: Can a tax cut for overseas cash heal wounds? – November 10, 2016
Donald Trump plan calls for cuts in corporate taxes, personal income tax rates – August 9, 2016
Barring a tax holiday, Apple will need to raise over $50 billion in debt the next 2 years – July 15, 2016
Cramer: Apple’s Tim Cook is ‘patriotic’ on taxes – December 21, 2015
Apple CEO Tim Cook is absolutely right – and wrong – on U.S. corporate tax policy – December 20, 2015
Apple CEO calls corporate tax rap ‘total political crap’ – December 18, 2015
Apple avoids $59.2 billion U.S. tax bill – October 7, 2015
U.S. companies now have $2.1 trillion overseas to avoid corporate taxes – March 4, 2015

54 Comments

  1. Trump is a chump. He will not get real tax reform. He’s too ignorant to know the facts of tax policy; and is a poor negotiator.

    He will never be able to eliminate the tax loopholes; too many lobbyists, and he has shown he will sell out to the highest bidder. He has made the swamp even bigger, deeper.

    He will in the end try to pass a tax cut with the largest rewards going to the super rich and one that would greatly expand our national debt.

    But here’s the rub: it will be very hard to Trump to pass any tax reform without showing his taxes. The public needs to know how his own interests come into play in any tax plan.

    And he cannot pass tax reform without Dem approval; he needs 60 votes in Senate.

      1. Trump is not underestimated; if anything he is turning out worse than expected.

        Yes he shocked the world by winning the election, but it was very close, and his opponent was very weak. He also had the help of the Russians.

        1. Worse than expected? Would that be according to a Libtard measuring stick or just your opinion at Happy Hour on a Friday night.

          Growing pains aside for the first time unprecedented politician — he is doing much better than I expected and admittedly some of his former critics.

          The election was an electoral college landslide, not even close. Trump won many blue states not accomplished for a Republican since Ronald Reagan. Hello?

          But I do agree with you the Democrat establishment backed the WORST and most CORRUPT billion dollar RECORD setting spending candidate in the history of U.S. presidential elections. What were they thinking?

          Trump helped by Russians, yeah, how so? It has not been proven ONE Russian cast ONE ILLEGAL vote. Guess it all depends on what your definition of is … is.

          Like I said, continue to underestimate the man. We shall see …

          1. Lowest approval rating in the history of this country. He hasn’t done anything except divide and put hate all over the world. He doesn’t have a clue about our constitution. The biggest embarrassment ever. Underestimate what? The democrats balanced the budget and lowered the deficit. No GOP president has ever done that. They want to repeal the healthcare with tax breaks for the rich and exclude 24 million Americans of healthcare. Raise costs to the point even more people would not be able to afford it and only the richest will. The democrats didn’t do that. This president lies through his teeth any chance he gets to try and make himself look good. Yet what he doesn’t know is everyone knows he’s lying and he looks like the biggest fool ever. His Russian ties will come back and haunt him sooner or later. Many are predicting he will be the next president to be impeached. Oh and his expensive golf trips every weekend which I might add he said he would never do during his campaign. Another Lie!! There are know growing pains here except lie after lie. And a bunch of racist pigs that scream and try and put down woman and minorities. His press secretary is another clown that can’t handle his job. Tries to exclude the press at briefings and puts his foot in his mouth just about everyday. Democrats backed what corrupt candidate? Oh you are talking about the one that the Russians helped our fake president win over. Has that corrupt democrat ever been convicted or even charged with anything? Oh look, no. You know why? Because it was yet another bunch of lies that a bunch of GOP senators couldn’t get one ounce of proof to legally back that up. And that general who said “lock her up”. Hmmm…. looks like he’s out of a job. Bunch of clowns in office right now and the whole world is laughing at us.

            1. I respectfully read your entire post.

              When I read so much delusion and confusion of facts and reality, I have a decision to make.

              Point by point rebuttal to set the record straight or accept we see it differently.

              Have a nice day, and please get a clue.

              “Fat, drunk and stupid is no way to go through life son.”

              — Dean Wermer

  2. Trump’s self-imposed cybersecurity deadline is up: What we got?
    Quick clue: President Snowflake is a compulsive liar

    On January 6, president-elect Donald Trump had a meeting with the heads of the intelligence services and came out with one action point: cybersecurity.

    “Whether it is our government, organizations, associations or businesses we need to aggressively combat and stop cyberattacks,” an official statement read. “I will appoint a team to give me a plan within 90 days of taking office. The methods, tools and tactics we use to keep America safe should not be a public discussion that will benefit those who seek to do us harm.”

    A week later, he named former New York mayor Rudy Giuliani as his cybersecurity tsar (despite a total lack of relevant experience). Two weeks later he became president of the United States; 90 days later is today. So where is the cybersecurity team and plan?

    It’s hard to tell, but based on some shoe-leather reporting by Politico the answer seems to be: absolutely nowhere….

    Oops there goes another Trump promise,
    Oops there goes another Trump promise,
    Oops there goes another Trump promise…

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