Virtually every ocean cruise line serving the United States sails under a foreign flag — but Trump wants to bail them out anyway.
The cruise ship industry is almost entirely made up of companies that are based in foreign countries and avoid paying U.S. taxes. But Donald Trump has repeatedly vowed to bail out the industry after much of its revenue evaporated due to the COVID-19 pandemic.
At Sunday’s coronavirus briefing, Trump said the nation needed to set aside money to help save businesses.
“Look at the cruise lines. That’s a big — that’s a tremendous business, a big business. Very important to Florida,” he said. “We can’t let the cruise lines go out of business. … And it doesn’t take much to keep them going. So we have to — we have to provide for that.” Continue reading.