Drudge Retort: The Other Side of the News
Monday, January 07, 2019

A Michigan electronics company chairman, who voted for Donald Trump in 2016, now says he feels betrayed and his factory may have to move to Mexico because of the president's tariffs.

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"Cory Steeby, EBW's president, told the Times the tariffs that make steel and aluminum more expensive to import were "a tax that comes right off the bottom line," and the company might not have a choice but to move production to avoid them.

"It totally incentivizes you to move out of the United States and build either in Canada or Mexico," Steeby said. "These are active conversations right now."

Donald Trump; For the People!

#1 | Posted by Corky at 2019-01-07 12:16 PM | Reply

Trump feels your pain. He said so.

#2 | Posted by Zed at 2019-01-07 12:50 PM | Reply

A Michigan electronics company chairman, who voted for Donald Trump in 2016, now says he feels betrayed and his factory may have to move to Mexico because of the president's tariffs.

How do you say womp womp in Spanish?

#3 | Posted by reinheitsgebot at 2019-01-07 11:08 PM | Reply | Funny: 1 | Newsworthy 1

We tried to tell you.

#4 | Posted by truthhurts at 2019-01-08 12:05 AM | Reply | Newsworthy 4

Tired of all the winning yet?

#5 | Posted by IndianaJones at 2019-01-08 12:09 AM | Reply

Self-inflicted. You were dumb enough to vote for Orange Adolf you should have to deal with the consequences, and should be terminated as CEO.

It's just too bad the employees working for an idiot like this have to deal with this crap.

#6 | Posted by aborted_monson at 2019-01-08 12:16 AM | Reply | Newsworthy 1

My lack of sympathy for this lot is at odds with my empathy for my fellow Americans. I wish I could feel sorry for them, but they knew what they were buying and now it's paying off.

#7 | Posted by chuffy at 2019-01-08 12:47 AM | Reply

I want everyone to take notice here as you bash Trump. The tariffs are 'killing us' for this company means that profits were cut in half. Not that they are losing money or are being forced to fire workers, they are just making less money than before. This is the desired end state for Democrats - lowering corporate profits. In this case, this company is paying more due to tariffs.

#8 | Posted by nobiasposter101 at 2019-01-08 01:11 AM | Reply | Funny: 1

"This is the desired end state for Democrats - lowering corporate profits."

Get some new material, you haven't improved at all since you got banned and came back with a new username.

#9 | Posted by snoofy at 2019-01-08 01:15 AM | Reply | Newsworthy 5

Get some new material, you haven't improved at all since you got banned and came back with a new username.
#9 | POSTED BY SNOOFY

You clearly stated you want corporations to pay more in taxes (repeal Trump cut from last year) - right? Why do you care if they pay more taxes on earnings or pay it in tariffs? The taxes go to the same place. So, explain how this is not accomplishing your stated end goal.

#10 | Posted by nobiasposter101 at 2019-01-08 01:29 AM | Reply

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You clearly stated you want corp]orations to pay more in taxes (repeal Trump cut from last year) - right?

If you were to compare yourself to the world's smartest oil rig worker, would you say you're smarter, just as smart, or dumber?

#11 | Posted by snoofy at 2019-01-08 01:32 AM | Reply

If you were to compare yourself to the world's smartest oil rig worker, would you say you're smarter, just as smart, or dumber?
#11 | POSTED BY SNOOFY

Gosh Snoofy, with the way you can't justify your logic, it almost seems like you are against tariffs that accomplish your stated goal just because it was Trump implementing them. Unless you have changed your mind and now want to increase corporate profits at the expense of decreased government tax collections.

#12 | Posted by nobiasposter101 at 2019-01-08 01:34 AM | Reply

"Why do you care if they pay more taxes on earnings or pay it in tariffs?"

Tariffs can be lifted with the stroke of a pen. One is based on a legislative process, the other a whim.

#13 | Posted by Danforth at 2019-01-08 01:46 AM | Reply

"This is the desired end state for Democrats - lowering corporate profits. In this case, this company is paying more due to tariffs."

There are huge differences: Taxes are broad-based, tariffs are narrow. Also, reseting the corporate tax rate back to 35% wouldn't double his tax bill.

Doing the (rough) math, a 21% corporate tax rate would leave the company with 79%. If half of his profits are gone, that means the tariffs amount to a 39.5 point increase, for a tax rate over 60%.

#14 | Posted by Danforth at 2019-01-08 01:53 AM | Reply | Newsworthy 5

"Unless you have changed your mind and now want to increase corporate profits at the expense of decreased government tax collections."

Whatever it takes for you to keep posting nonsense, just go ahead and pencil that in.

#15 | Posted by snoofy at 2019-01-08 02:01 AM | Reply

If half of his profits are gone, that means the tariffs amount to a 39.5 point increase, for a tax rate over 60%.
#14 | POSTED BY DANFORTH

Exactly, so you must be head over heels with this as the corporations are finally paying their fair share, right? Or, is this another example where you claim you want the wealthy to pay more in taxes until it is 'your wealthy' being affected by the SALT cap and then you fight for lower tax rates on the rich?

#16 | Posted by nobiasposter101 at 2019-01-08 06:26 AM | Reply

This is the desired end state for Democrats - lowering corporate profits.

No true. Democrats don't care about the size of the profits; just that corporations pay their "fair" share of taxes. While the math may work out the same, the incentives are different. With the tariff, this CEO is incentivized to move his operations off shore because the tariff (i.e. tax) can't be avoided. However, with an income tax, the CEO is incentivized to offset the tax via strategies that could result in growing his business, paying workers more, contributing to the charitable causes, etc.

Actually, I am a fan of tariffs, especially when used to protect industries critical to our national security. However, tariffs take a long time to work so patience is required. Along with the imposition of tariffs, there should have been changes that remove the incentives to offshoring manufacturing plants and jobs.

The combination of tariffs and and offshoring incentives will only accelerate the offshoring of manufacturing plants and jobs.

#17 | Posted by FedUpWithPols at 2019-01-08 08:33 AM | Reply | Newsworthy 2

It's not the tariffs that are hurting his company, it's competition. Did he actually think he could have a monopoly on LED light production?

#18 | Posted by danni at 2019-01-08 08:43 AM | Reply

"However, tariffs take a long time to work so patience is required."

True. So, they should not be imposed by Presidents, they should be imposed by Congress. That way they last even if President changes, lasting tariffs give industries the ability to depend on them, when Presidents impose them they have no way to know they will last longer than his term in office and who is going to build a factory without the security of knowing that the playing field won't change for a considerably long period of time?

#19 | Posted by danni at 2019-01-08 08:46 AM | Reply

"so you must be head over heels with this as the corporations are finally paying their fair share, right? "

No, not at all. Did you miss where I pointed out taxes are broad-based, but these tariffs are not? That's NOT the way it should be done, and I've NEVER endorsed a tax rate over 60%.

You suck at drawing other people's conclusions.

#20 | Posted by Danforth at 2019-01-08 09:59 AM | Reply

"If half of his profits are gone, that means the tariffs amount to a 39.5 point increase, for a tax rate over 60%."

Which would make it less expensive for them to manufacture their products here which is the basic purpose of tariffs.

#21 | Posted by danni at 2019-01-08 10:09 AM | Reply

#19 | Posted by danni

I think tariffs do belong in the President's hands as he is the authority on international relations and not Congress. However I think Congress should have the power to override him if they believe he is wrong. That's pretty much the setup today.

#22 | Posted by GalaxiePete at 2019-01-08 11:14 AM | Reply

This article is an example of what experts were saying would happen if Trump imposed Tariffs. Winning a Trade War is not a simple thing and only the simple minded would believe it is.

#23 | Posted by GalaxiePete at 2019-01-08 11:16 AM | Reply

How can tariffs in imports hurt a company manufacturing here in the USA?

#24 | Posted by Sniper at 2019-01-08 01:08 PM | Reply

This article is an example of what experts were saying would happen if Trump imposed Tariffs. Winning a Trade War is not a simple thing and only the simple minded would believe it is.

#23 | Posted by GalaxiePete

EXPERTS? You mean DEEP STATE MEMBERS?

Fox news' blonde bimbos are all the experts I need.

#25 | Posted by SpeakSoftly at 2019-01-08 01:08 PM | Reply

Fox news' blonde bimbos are all the experts I need.

#25 | Posted by SpeakSoftly

Now if only they would let ME grab them by the whatevers.

Life would be perfect then.

#26 | Posted by donnerboy at 2019-01-08 02:53 PM | Reply

How can tariffs in imports hurt a company manufacturing here in the USA?

#24 | Posted by Sniper

WHO do YOU think pays a tariff?

The Chinese?

If you were here I would punch you in the face bro.

People are getting hurt because of YOUR ignorance.

THAT my friend, has got to stop. Or it will NOT end well.

"These violent delights have violent ends."

#27 | Posted by donnerboy at 2019-01-08 03:00 PM | Reply

Nocalculatorposter needs a Casio real bad.

#28 | Posted by BruceBanner at 2019-01-08 04:37 PM | Reply

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