How Bad Is The Senate Tax Bill?

[Wyrd of Gawd]

Also didn't Trump actually promise during his campagin that he'll actually put import taxes for all those US companies that make their products in China and Mexico to make it more feaseable for them to actually make those products like cars, computers, iphones etc. in US and hire US workers?

And yet with his new tax plan he is actually awarding Apple with $47 billion.

Under current tax laws, Apple would have to pay $78.1 billion to bring its profits back to the U.S. Under the Senate plan, on the other hand, Apple would only have to pay $31.4 billion on its past overseas earnings, Richard Harvey, a tax professor at Villanova University told the Financial Times. Harvey has testified before Congress regarding Apple’s overseas holdings.

http://thehill.com/policy/technology/363...tax-reform

Seems like he just awarded China.

If Apple paid its full tax bill it could buy a couple of new aircraft carriers and the planes to fly off of them to fight the Chinese in the next war.  What a bunch of unpatriotic scum.