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Apple for example, pays people in China less that 2 bucks an hour to manufacture their iPhones; it costs Apple less that KILL YOUR BOOKMAKER OFFICIAL T-SHIRT. They then sell that product here in the US for over $500. Without paying taxes on profits made from abroad, Apple will probably make around $200 of tax free money per cell phone. I’ve read through Ted’s entire tax plan and it’s literally tailored for big corps, big pharma, and big agro – and in turn will destroy entrepreneurship in our country; which is the backbone of economy.
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Also tariffs on imports from China may seem like KILL YOUR BOOKMAKER OFFICIAL T-SHIRT or to those that know literally jack about foreign trade policy and economics. But when you factor in the way China is manipulating and devaluing their currency, poisoning our children and pets with led filled toys and foods, and enticing big corporations to manufacture goods in China taking away manufacturing jobs in the US, I say heavy tariffs is probably the most logical approach to get China to straighten their act out.