The Punisher… Trump’s Tweetstorm: Threatens 35% Tax On Companies That Leave The US

by McIntosh | December 4, 2016 11:24 pm

So what now?

With President-Elect Donald Trump’s successful talks to keep manufacturing jobs[1] in the U.S. by wheeling and dealing the Carrier corporation (Tax break, look it up), there’s one big question left to answer:

What’s the next company?


Certainly, the incoming president can’t stop the unavoidable tide of manufacturing jobs exiting the U.S., he’s not a king, but critics like Sarah Palin and others aside, Trump seems intent on trying. With Carrier, he (mainly Pence) gave the company a tax break. A real conservative would have wanted it across the board for all of Indiana’s companies, but this move isn’t new. He certainly ‘did something’ – what liberals are always claiming they need to do about gun control – but what about the future? If one company gets a deal, why not another? This move doesn’t seem sustainable.

Regardless, the latest company Trump’s tweeted about is ball-bearing factory Rexnord, also in Vice President-elect Mike Pence’s home state of Indiana. They announced in the summer they were moving 300 manufacturing jobs down to Mexico and of course, laying off its workers.

Rexnord employees had this to say about Trump’s tweet:

Rexnord employee Brian Bousum said, “I prayed, ‘God, just give me something to hold on to, some hope. Then, he tweeted.”

But Brian was still unsure what that meant:

“He said ‘no more.’ Does that mean no more after Rexnord? Does it mean he’s going to talk to the CEO Todd Adams? Did he try already? I have no clue.”

Trump tweeted Sunday morning that a 35 percent tariff on companies that move overseas then try to sell their products back in the U.S. will come into play:

“The U.S. is going to substantially reduce taxes and regulations on businesses, but any business that leaves our country for another country, fires its employees, builds a new factory or plant in the other country and then thinks it will sell its product back into the U.S. without retribution or consequence is WRONG!” he tweeted. “There will be a tax on our soon to be strong border of 35% for those companies wanting to sell their product, cars, A.C. units etc. back across the border. This tax will make leaving financially difficult, but these companies are able to move between all 50 states with no tax or tariff being charged. Please be forewarned prior to making a very expensive mistake! THE UNITED STATES IS OPEN FOR BUSINESS.”

Tariffs? First lower the tax rate ACROSS THE BOARD, not just for Carrier and then there won’t be a need to move…

  1. keep manufacturing jobs:
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  3. December 3, 2016:

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