Biden Pushes Higher Taxes on U.S. Companies’ Foreign Profits in Pitch to Midwest Voters

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Joe Biden would raise taxes on U.S. companies’ foreign operations as part of his 'Made in America' push

Democratic presidential candidate Joe Biden called Wednesday for higher taxes on U.S. companies’ foreign income and special tax breaks for domestic manufacturing, appealing to blue-collar workers during a trip to Michigan.

The plan, which comes on top of corporate tax increases he had previously announced, would reverse many of the changes in the 2017 tax law signed by President Trump. Mr. Biden would impose a new surtax on U.S. companies that make products overseas and sell back into the U.S. He would also raise the minimum...

 

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Insane Biden.

The problem with both of the candidates is that they think like septuagenarians 'Made in America'. We need next gen thinkers who see value in global alliances and global networks. We need to automate our manufacturing and re-purpose those resources to more valuable functions

As he should. Trump raised tariffs on China and now many farmers have gone bankrupt and sold out to large corporations that you promote on wall street.

Uh.. he is 12 years too late!!!

You are Trumps enablers!! You hate us the people and wants us kill!! Shame on you WSJ!!

Great idea let’s go back to killing our companies by making them non competitive

And what good did lowering taxes do for the average American? Nothing.

How can anyone that passed NAFTA and was pushing for the TPP, which is essentially NAFTA on steroids to send our jobs all over the world, claim they are for American workers.

Tariffs by another word, right?

But wouldn’t this encourage tax inversions like we had under Obama where businesses move headquarters abroad and the US loses out on taxing a business’s worldwide income? It would also discourage businesses from repatriating foreign profits to the US.

JoeBiden changes his mind with the wind. He panders whoever he is talking to.

That should help bring employment to USA.

All the maga merchandise people are gonna be pissed about that.

Lol! Made in America push after all his 47 years pushing jobs Abroad with his NAFTA deals and now also with support of TPP. He is just copying Trump’s policy, he’s getting older and ran out of original ideas.

Trump has actually been able to keep almost every promise made! Trump may not be a perfect person but at least he cares & has finished many good things for these United States that u couldn't or wouldn't do! Saw Pelosi's instructional video on smearing people! Nice tactics!

Keep Kamala out too! I thought it was bad enough with her supporting partial birth abortion! I don't even know why they call it partial birth? They r fully formed completely ready to be born humans & they murder them! It is so hard to think of. How can u do this to any child!

Nobody understood the virus at that time. We are still figuring it out! You have stated that you know/knew how to fix it. Even told trump. Sooooo where's our cure!!! If you can fix it now, COME ON!! FIX IT NOW!!! OR STFU!!!

TRUMP saved millions & kept millions more from dying with his quick actions. Despite Obama/Biden depleting our med supplies. Even sent meds to other countries to help. Biden nothing but talk! Biden could/would never have accomplished this!!

More people would have died if Harris/Biden had been in charge!! He didn't do anything. Made fun of Trump when he did stop people from coming in on the planes! Called him xenophobic! Too bad they didn't know he was saving us all from the virus! Biden didn't even try!

Now u are trying to win the real easy way! Just throw Trump out! If they did that they would have to throw u out many times over. You have done nothing but lie & plagiarize Trump & change ur mind at every turn to say u would do what Trump has already done or is doing! Throw u out

wsj are sociopaths pretend potus is killing hundreds of thousands of Americans, intentionally and needlessly ...and they wring their hands over potential taxes on foreign ops?! You are complicit in all of the evil trump has done, greedy bastards GreedKills

Raise? They don't fucking pay anything right now! Unbelievable

Because he is an idiot. International corporations aren't taxed on that money until it enters the US. What he & obama should have done instead of TARP is given the corporations a temporary reprieve to allow them to move all that money to the US in order to monetize US banks.

great one here. Playing the Trump card lol

Yay!

No president ever won promising 4 trillion in new taxes

And on you, I bet.

He was in power with the worst president you ever had for eight years if he was going to change something it would have been done during his tenure

'Made in America'

Nothing wrong with that.

Good.

Speculation re overseas operationsHe will raise taxes to all period .

Can somebody believe that JoeBiden will give the jobs to American people’s?He say Made In America after 47 years in DCShame;Mr Vice President we ain’t stupid.Don’t be coward,stands for what you believe Made in China 🇨🇳MAGA&KAG

They should be taxed more.

Idiot

Learning from Trump is not a shame.

that's what trump is already doing. he is plagerizing Trump's plan.

here's a better plan, take half of what the rich hid under the bed in off shore tax havens & put it to use building a sustainable future for all, not just the oligarchs with too much power already.

He had 47 years and all he did was outsource American jobs and fill his pocket. He wants coal miners to learn code.

and then?

Let's examine Biden's record against Dirty Don the LIAR: Biden raises taxes...Dirty Donald LIED & OVER 195,000 OF U.S. DIED... & STILL COUNTING. I rather have higher taxes than die from covid-19.

Wrong. He doesn’t remember ever saying that JoeDementia2020

My guess is you will be against this for Biden even though you were fine when Trump did it?

....but we would still be alive.

Trump’s tax cuts for rich and big business aren’t paying for themselves. Would live to know where he is getting all the money he spends.

SHAME. Democrat frauds are copying Trump's promise & accomplishment.

Sleepy joe can't even raise his eyes open to formulate a sentence he is GONE

Both political parties in US appears to be suçcumbing to mass opinions, not on the basis of leadership required of in times of global competition of market forces. Both are tending nationalistic upmanship to come to power but such agendas are unworkable in reality and to move on.

Good!

And our great national nightmare would be over. Life will go on, there have been democratic administrations before. Trumpism must end. Wake the **** up!

Good point. Trump has been great for the debt

Makes sense.

Bring American jobs back!

AND BEFORE YOU RACE. WRITTEN AND WILL WRITE WITH CAPITAL LETTERS FOR YOUR EYES TO SEE AND READ CAREFULLY. SLEEPY JOE. By...

Where is the WSJ outcry on Trump's tariffs, he claims funds US coffers, when in fact they are 'in effect' taxes on paid for by US citizen with higher prices- leading to a mass number of bankruptcies for US small businesses and farmers? What Biden might do vs. what Trump is doing!

As opposed to the other guy’s plan? The last “tax plan” lowered taxes on corps & wealthy and slammed everyone else. A trickle for the middle class to “look good”? Working Poor? Nada. WAKE the F up geniuses...Joe may not be the best but he’ll be better than our current nightmare.

And when Trump said 'America first' they called him a racist. The hypocrisy of the left keeps getting worse

Joke Biden.

Great idea Joe!! BidenHarris2020

Good. This will actually help bring jobs and the supply chain back here and if we partner with our allies further we can alienate China all together. This is America first but not alone. This is how stuff gets done. Are you pro communist China?

Only way to address the 75% increase in the deficit caused by Trump’s tax cuts is to raise taxes. McConnell wants to do it by eliminating Social Security & Medicare. Trump wants to sneak in the back door and do it by cutting payroll taxes - which fund Social Security & Medicare

F off Murdoch propaganda machine

i am okay with this. i pay my taxes & i buy American made products when i have the choice.

This is a 'made by government' plan. JoeBiden wants to micromanage corporations through taxation. Granting exemptions to China, if history is any measure, will be a priority. tt:lizpeek SaraCarterDC PressSec GordonGChang

Watch what he’s been doing Biden’s strategy is to mimic &duplicate everything Trump says a couple of days after. So undecideds will think both will do the same so vote for guy w/ more gentle language.Binen can’t accomplish these.& his handers don’t want to

A corporate tax rate increase is what Obama/Biden did and it gave us 8 years of no growth. Why would anyone vote for that again?

companies will find a work around

Honestly, does JoeBiden have anything to do with this or any other 'proposals' purported to be his?

In recorded interview for new Bob Woodward book, Trump said he knew coronavirus was 'deadly' even as he publicly played down the threat. 186,000 dead fathers and sons; mothers and daughters; grandparents; uncles, aunts, children under the Trump administration.

So a made in America product that is exported and resold by the same company will be taxed? This makes the USA company non competitive. What if a company manufactures overseas, imports 20% of products for resale, 80% go to ROW, profits come to USA to be taxed? This is a BAD IDEA

Way better than Trump's tariffs on imports.

Shouldn't you reduce the tax in US to make it more attractive for companies to operate in US?

Good. Biden2020

sounds good.

This soon will prove that 'Made in America' is worst than 'Made in China' 😏

Protectionism is a slide I don't want to be a part of. Trade embargoes, targeting specific countries for bad behavior is another conversation. protectionism across the board will come with a steep price.

And Of Course The Wall Street Does NOT MENTION That Your Individual Taxes will Be Raised ONLY IF YOU MAKE $400 THOUSAND A YEAR. Instead Of a Trump TAX CUT OF 15%..

He’ll never do it. He doesn’t have the balls Trump has. Biden is all talk no action. He will cave to the 1% and foreign leaders while screwing Americans. Did it is whole life. Trump is all action. Keeping his word.

TRUMP promised to PUBLIC he will bring back manufacturing jobs from China about four yrs ago. Did he? Which manufacturer relocated back to U.S. & how many job is been created? Trump still singing same song on the manufacturing & jobs will be back from China.

Good. The Trumps need to pay their way.

'Foreign operations', that is same as importing, making goods with cheaper labor abroad. Wasn't there a law that US companies abroad were just extension of themselves? I'm sure someone will say.

Unnamed sources tell me that nak approval is within days. realDonaldTrump will be announcing the deal this week. news BREAKING Trump2020 MAGA KAG Biden BidenRiots BreakingNews

Biden taxes Raising taxes on American goods does not follow Democratic politics.

who gon make what when most wanna be something their not

I pay my fair share. You pay your Fair share. Why dont companies? It isn't revolutionary, just pay your fair share...

IS that not Trump's idea? Biden is literally mimicking Trump

He is gonna fk apple

Joe Biden has no clue that this policy can drive companies to register their offices outside of the US. No wonder Biden has nothing to offer to America in his 47 years in office.

Good.

You mean like ‘tariffs’ ? 🤔

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He's just gone too far this time, what a complete socialist agenda

Great news! TrumpKnew and he let Americans DIE!

good

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