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Podcast o' the Day: The Bob & Chez Show, 1/26/16

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lawhawk1/27/2016 5:17:21 pm PST

re: #264 Charles Johnson

Trump keeps saying he’s “not going to let” big companies move their operations to other countries. How exactly is he going to stop them? Doesn’t anybody care that he’s talking about outright fascism here?

Trump offshored his clothing line manufacture to Mexico and China. He could have had it made in NY - in the Garment District. He could have had them made anywhere in the US, but decided to put his profits ahead of American workers.

And there’s not much any politician can do to stop corporate inversions or offshoring jobs, short of fixing the corporate tax structure and figuring out ways to reclaim those lost tax revenues as companies hunt for the biggest tax breaks/cheapest environments in which to operate (or those places that offer the biggest tax breaks/corporate welfare).

But it’s still up to Congress to set tax policy, and the GOP can’t even agree on an in-caucus version, so Trump is just blowing smoke.