PUBLISHED: 11:58 PM 13 Dec 2017

Boom: Eric Trump Humiliates CNN

Presidential son Eric Trump.

Presidential son Eric Trump.

CNN Money’s Ivana Kottasová reports that a letter signed by five European governments’ finance ministers claimed the GOP tax plan “could distort international trade.”

Of course, CNN didn’t include any Republican response to the letter’s charge of breaking trade agreements.

According to CNN, the finance ministers of Germany, France, Britain, Spain, and Italy signed the letter, enraged that the plan “could give American companies an advantage over foreign rivals.”

Germany, France, Britain, Spain and Italy have written to Treasury Sec. Steven Mnuchin, arguing that tax bills passed by the House and Senate run afoul of treaties and could distort international trade.

“It is important that the U.S. government’s rights over domestic tax policy be exercised in a way that adheres with international obligations to which it has signed-up,” the letter states. It was signed by the countries’ finance ministers.

The letter argues that proposed changes to the U.S. tax code could give American companies an advantage over foreign rivals.

The ministers objected specifically to a new 20% tax on payments from U.S.-based multinationals to their foreign affiliates, saying the measure in the House bill could “discriminate in a manner that would be at odds with international rules.”

They said the provision could also tax the profits of foreign businesses that do not have a permanent base in the U.S.

A second measure also drew objections. It would subject cross-border transfers within banks and finance companies to a 10% tax.

In response, presidential son Eric Trump couldn’t resist pointing out that CNN was attacking Republicans for helping American companies.

“My favorite sentence in the article:” Eric Trump Tweeted on Tuesday. “‘The letter argues that proposed changes to the U.S. tax code could give American companies an ADVANTAGE over foreign rivals.’ Isn’t that the point?”

The passed Senate and House bills are currently being reconciled in Congress before a final version of the tax plan is sent to President Donald Trump for approval.

Despite not knowing what the final bill will look like, it seems foreign companies are worried that it will keep more money in the U.S. and improve American businesses.

Apparently, CNN thinks that’s a bad thing.

Don Surber explains:

Kottasová did not allow Republicans to defend themselves against wild charges of breaking trade agreements.

The European countries made the charge without knowing just what is in the tax cut bill because no one does. That’s because a conference committee is writing the final bill and deciding on its details […]

Make America Great Again.

Of course, CNN does not want a great America — although when Saddam Hussein was alive, CNN wanted to Make Iraq Great.

Usually Junior does the hit. This time, Eric did.

I await the day Barron gets in on the action. The tweet will be in Slovenian, right?

CNN is always ready to attack the GOP tax plan, even when the latest bizarre charge happens to be that the plan will benefit American companies.

When stating the obvious totally obliterates your argument, it’s time to get a new argument.

H/T: The Federalist Papers