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mercoledì 20 dicembre 2017
Trump reform the tax ... and the European Union trembles
On the Italian newspaper "La Nuova Bussola Quotidiana", there is an article by Stefano Magni which is entitled " L'Unione Europea si intromette nella riforma fiscale Usa".
This is a piece of article:
"The tax reform plan built by Donald Trump could become, once approved, the biggest cut since Reagan fees. Approved by the Senate, now it awaits its vote in the House, where the majority is always the Republicans. The Chamber has its own tax plan, slightly different from that of the Senate. Now it is therefore an ongoing phase of "alignment" between the two versions, before the reform ends up on the president's desk for final signature. But, over the opposition inside the Grand Old Party and the Democratic Party, Congress, as a whole, he must now cope with an unexpected opponent: five ministers of the European Union's finances. What does have the European governments with a national law to the USA? They accuse the Republicans of doing America's interests, under the principle America First, by creating unfair competition for EU companies and in violation of the treaties that underpin the WTO. In summary, accusing the US of protectionism and invite Congress to take this into account. But in addition to this official indictment, the European ministers is a major concern, unspoken: that of losing competitiveness and attractiveness in comparison with the US.. "
The US president Donald Trump is going strong with tax reform that will cut taxes on American businesses.
This will allow American companies to produce more and be much more competitive.
American families will have more money and can consume more .
the US economy will be stronger.
This scares the EU.
first, the US would be strengthened and an America stronger will make the European Union marginal compared to the international geopolitical chessboard.
second, American products would more competitive prices than in Europe.
in addition, the US would become more attractive European countries for investors.
In fact, if the European Union would become marginal, the blame would be his and not the US or Trump.
The European Union has chosen statism and they must pay the consequences.
I am rooting for the US.
Under these conditions, this ugly European Union can choose only one of these two options: to reform itself and to choose a way truly liberal economy or cease to exist.
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