Everyone Hates the Republican Tax Cut

For John, BLUF:  Except me, and some others who are looking for economic growth in the US.  Nothing to see here; just move along.

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Germans fear huge loss of jobs from US tax reform

Source is the 14 December 2017 edition of the Global Handelsblatt (Germany) and the reporters are Donata Riedel, who writes about economic policy for Handelsblatt, Katharina Kort, a New York correspondent for Handelsblatt and Charles Wallace, an editor for Handelsblatt Global in New York.

The lede plus one:

While Americans are anxiously awaiting full details of the tax bill now being finalized in Congress, German economists are warning that the changes sought by President Donald Trump mean that significant amounts of new investment and jobs will shift from Europe to the United States.

“The tax competition will have a new dimension,” said Christoph Spengel, chairman of the corporate tax department at the University of Mannheim.  Mr. Spengel, who is also a research associate at the Center for European Economic Research, and a group of tax experts at the university have done a detailed comparison of the two countries’ tax systems and published a report under the heading, “Germany loses out in US tax reform.”

And now it has passed.

Hat tip to the InstaPundit.

Regards  —  Cliff

For John, BLUF:  .

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Regards  —  Cliff