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FWIW: I heard 2 US Reps give a short presentation on infrastructure this morning

Posted by Strongbad (aka Rambler14) Oct 20 '17, 10:49

Common themes:

We need tax reform/simplification to pay for an infrastructure bill.

Every tool we have available will be part of the infrastructure package, it won't just be a massive P3 bill that Trump has suggested before.

Responses:

How is tax reform/simplification (i.e cuts with lower revenues as projected by everybody with a reasonable calculation) going to fund infrastructure? -- nm - pmb Oct 20, 10:52 17
- The last I heard is that the forced repatriation of offshore earnings would be earmarked for transportation projects. - spamlet Oct 20, 10:57 10
  - I'm not 100% certain of the line between forced repatriation of offshore earnings and a tariff. -- nm - crash davis Oct 20, 10:58 4
    - I will try to explain. -- (edited) - spamlet Oct 20, 11:13 3
      - okay, but I'm just wondering what is to stop a company from moving their nominal HQ offshore? -- nm - crash davis Oct 20, 11:21 2
        
        A crapton of rules about it. - spamlet Oct 20, 11:32 1
        
        thank you -- nm - crash davis Oct 20, 11:33
  - [deleted] 4
    - Yes. We'll get territorial going forward but all prior earnings will be deemed repatriated under Subpart F. - spamlet Oct 20, 11:03
    - Is that the same thing as redistribution of wealth? -- nm - Max Oct 20, 11:02
    - Right? I had not heard anything about 'forced'. I heard something about a tax holiday to on-shore, but sounded optional -- nm - ty97 Oct 20, 10:58 1
      - [deleted]
- My understanding of their line of reasoning - Strongbad Oct 20, 10:56 3
  - Cargo cult conservatism. -- nm - Reagen Oct 20, 11:03
  - [deleted]
  - this offshore money thing seems to me to be just a unicorn search -- nm - crash davis Oct 20, 10:57
- cause reasons! -- nm - Beaker Oct 20, 10:54 1
  - ~just give me a reason~ -- nm - Strongbad Oct 20, 10:56

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FWIW: I heard 2 US Reps give a short presentation on infrastructure this morning

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