Trump's Tax Reform Lie

Trump stated during his campaign that he would punish companies that took jobs overseas with tax penalties. He said he would do something about companies that hoarded money in offshore accounts to avoid paying taxes.

This "tax reform bill" does nothing of the sort. It gives large corporations tax breaks, does nothing to penalize companies that outsource jobs overseas and it does nothing to companies that hoard money offshore.

Providing corporations with tax breaks and the ability to hoard money in offshore accounts has been business as usual since the WTO and NAFTA came about, and probably even prior to that under Reagan and his famous trickle down economy that only trickled up. We know from this example that when corporations are given more money, it does nothing to create more domestic jobs. All this did was increase C-level executives' salaries - which has grown in the hundreth percentile when compared to worker salaries. Some CEOs are making 400% more than their workers. More jobs weren't created domestically as a result of tax breaks or lack of enforcement against companies when they hoard money offshore in attempts to avoid taxes. In fact, the numbers of job decreased because the outsourcing to India, China, Dominican Republic, and the Philippines has only grown.

Supply and demand are the only things that create job growth and only domestically if corporations have incentives to hire domestically instead of outsourcing. The only way you have an economy where supply and demand flourish is when you increase the buying power of those who purchase goods and services, i.e. the middle class.

Those people who have supported Trump because he was "draining the swamp" have been duped.