Description
Part of Trumps 2017 tax code revisions stipulated 0%, yes 0% tax for American companies that manufactured their products OUTSIDE the U.S. Companies that manufacture inside the U.S. are forced to pay 18% tax. Companies that manufacture outside the U.S. pay 0% in tax.
This tax code drove untold (thousands) number of companies its to manufacture outside the U.S. Trump drove manufacture jobs away from Americans. Trump boasts about manufacturing jobs that he created in the U.S. but neglects to tell you that jobs he created are just a fraction of how many jobs he drove out of the country. For every manufacturing Job trump created, we lost 4 jobs.
Trump himself is profiting from his own tax codes by manufacturing his own brand in China, Malaysia, India and Mexico.
It’s ok. Joe Biden is fixing Trumps jacked up tax codes. In fact, Biden has pretty much erased Trumps entire presidency.
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