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Posting for the comment. Haven't seen this perspective before.
If this is the reason, it means tariffs on India foreshadows increased movement of US production to India.
It's necessary because the Tax Cuts and Jobs Act of 2017 let our companies repatriate their overseas profits back to the U.S. tax free. So, now we have U.S. companies setting up shop in overseas tax haves like Ireland and Switzerland, exporting to the U.S. and extracting tax-free profits from the U.S., and repatriating them to the U.S. tax-free.
How is it fair for a company that produces in the U.S. to pay taxes in the U.S. on what it sells in the U.S., while a company in the U.S. that moves production to a tax haven like Ireland or Switzerland gets to earn tax free profits in the U.S.?
Last year, American companies in Ireland exported $103 billion to the U.S., while the whole country only bought $16 billion for the U.S.. Now they're piling into Switzerland, were we sold $28 billion in the first six months of 2025 and imported $75.8 billion.
If this is not stopped, companies will continue moving production out of the U.S. to use other countries as tax havens, cheap labor pools, or both, to extract profits tax-free from the U.S., while our companies and our people become ever more burdened with taxes and our government ever more burdened with debt.
For that reason, every other country imposes a VAT tax on foreign imports to tax the value created overseas sold in their countries. We call it a tariff. It is necessary to square the trade between us and the rest of the world.
Look at this fake shit from DJT, what what let me find out nonsense... they buy stuff from Russia (no, can't be true, US funding Russia war?). BTW this "fund" term is completely twisted BS concocted by Eurotards and Company.
It's necessary because the Tax Cuts and Jobs Act of 2017 let our companies repatriate their overseas profits back to the U.S. tax free. So, now we have U.S. companies setting up shop in overseas tax haves like Ireland and Switzerland, exporting to the U.S. and extracting tax-free profits from the U.S., and repatriating them to the U.S. tax-free.
I wonder which genius set up that Act. Anyhow those provisions of the TCJA expired in 2025; I wonder if the Big B. Bill reinstated it.
A_Gupta wrote: ↑05 Aug 2025 20:22
US has not always been thus. Nixon has to resign under the threat of impeachment, and after that, the factions that thought that Nixon was treated unfairly has worked with a long term strategy to give POTUS unchecked powers. Today we see is the effect of their efforts.
The opposing side has been feckless. They did not use their opportunities to fix the Constitutional/legal issues when they had the power, putting other things as a higher priority.
Sorry but that just proves what I'm saying. The "watergate scandal" was approved by multiple people in the administration(like AG) and agencies such as FBI, CIA & Justice Department were complicit. Nixon resigned and was then pardoned by Ford who took over after him
Actually the more you read about watergate the more you realize what a clown show US democrazy is. At one point they were more worried about what other things the press might dig up. But yes I suppose Nixon resigning shows the strength of US democracy, just like Gorbachev resigning shows the strength of USSR's democracy.
I'll just put this here:
Nixon said in a May 1974 interview with supporter Baruch Korff that if he had followed the liberal policies that he thought the media preferred, "Watergate would have been a blip."
which sounds like the usual drivel but then nothing happened after the Panama papers and the Epstein files and it doesn't sound like nonsense anymore.
The argument shouldn't be that "Nixon resigned so US democracy good". The argument is "Nixon resigned because burglars were using cashier's cheques donated to the CRP" because that's how idiotic some US presidents are (including the current one).
> Added: this was mentioned by Anand Ranganathan on the Times Now News Hour, in retaliation to someone (a PhD) who was dissing India's
> foreign policy.
aha. OK. There is this other degree FHD. First awarded to Srinivasa Ramanujan. Failed Highschool Disastrously.
