You bought in to the bullshit, huh?
http://money.cnn.com/2013/07/01/news/economy/corporate-tax-rate/index.html
And the rest of it? The estate tax , the pass-throughs & all the other loverly goodies we haven't even heard of yet?
The corporate rate need to the reduced...even Obama admitted that 35% was a problem. However, I do think 20% is too low.
Bullshit? I think not.You bought in to the bullshit, huh?
http://money.cnn.com/2013/07/01/news/economy/corporate-tax-rate/index.html
And the rest of it? The estate tax , the pass-throughs & all the other loverly goodies we haven't even heard of yet?
Bullshit? I think not.
Obama proposes lowering corporate tax rate to 28 percent
https://www.washingtonpost.com/busi.../gIQA1sjdSR_story.html?utm_term=.dbe173cd3f69
The plan would lower the nation’s corporate tax rate to 28 percent. At the same time, Obama wants to boost overall revenue from corporate taxation by banning numerous deductions and loopholes that save companies tens of billions of dollars a year on their tax bills.
Obama's plan would have ended a lot of business deductions and exemptions thereby raising the effective rate even if the statutory rate was lower.
Sounds exactly what the GOP is wanting to do to individuals. Lower rates and remove deductions (some will pay more).
Then sunset the individual cuts and keep the corporate ones lol.
Bullshit? I think not.
Obama proposes lowering corporate tax rate to 28 percent
https://www.washingtonpost.com/busi.../gIQA1sjdSR_story.html?utm_term=.dbe173cd3f69
Now officials are counting on corporate tax reform to make a modest but still significant contribution to deficit reduction. And Obama has become more assertive in his push to raise taxes to help keep spending and revenues in check.
Bullshit. It provided affordable coverage to 20M Americans who wouldn't have had it otherwise & would provide the same to millions more had the Medicaid expansion been universal.
Lowering the corporate rate is fine. The issue is lowering without a corresponding adjustment in individual rates to account for the inequitable results from lowering corporate rates (i.e., massively favors the wealthy).
Hell we could get rid of them if people were willing to stomach the jump in individual rates that would be required, but I don’t think that’s politically tenable.
it would be internet trolled out of existence, funded by our ruling class.I love how as conservatives they aren't ever talking about being conservative with money in government as a topic of discussion anymore. Apparently that went down the drain.
In an ideal world, we could take the collective (non-retarded, non-politically correct) brains from the left and the same from the right and form our own party.... But it would probably be too small to accomplish anything.
Why is reducing spending never an option?
But we're not curtailing spending at this point, just increasing stimulus and to be honest, we'll see how much of that stimulus trickles down. We're adding debt by cutting taxes, not cutting spending.
I want my $4,000 household income increase (my boss laughed his ass off when I told him that).
Then sunset the individual cuts and keep the corporate ones lol.
The corporate rate needed to the reduced...even Obama admitted that 35% was a problem. However, I do think 20% is too low.
I didn’t say it isn’t. I’m not making an argument for or against reducing revenue.
My only point is that you can shuffle around taxes to achieve whatever outcome you want and that it’s the outcome that’s important.
Your boss laughs at a $4,000 raise? Shit man, you really do need a new job if that is considered out of whack.
And with that I agree 100%. I just wish either party was as fired up about reducing spending as they are about cutting taxes. One without the other is foolish.
Or, alternatively, they can be made permanent like Obama did to Bush's tax cuts.
I'm in the middle class and this will definitely be a tax increase. Not all over 100K benefit from this for sure. My deductions last year were above 24k this standard deduction will provide but will definitely lower my deductions below 24k. So I'll lose whatever the difference looks to be and the 3% cut won't make up for that.
Love the double taxation too, taxing my state taxes is very classy.
People would do well to review what Hitler and the Nazi party did to Germany before and during WW2 and then step back and look at what's going on here at home.it would be internet trolled out of existence, funded by our ruling class.