What’s wrong with getting rid of corporate welfare?
Welfare is transfer payments. Deducting costs and expenses from what purports to be a corporate INCOME tax is not welfare. You want to eliminate corporate welfare? Eliminate the Ex-Im Bank, eliminate federal grants to “green” companies, eliminate foreign aid which is a round about subsidy), etc.
What is wrong with having the highest Corporate Taxes of any Western nation?
LLS
LLS
Getting rid of so-called “corporate welfare” is fine if you mean actual subsidies.
As for corporate taxes, the main problem is double taxation of corporate dividends. This could be handled by allowing corporations a deduction for dividends paid or eliminating all taxation of dividends (one or the other, not both).
The biggest danger right now is that Republicans are going to get played again. Republicans will agree to some tax increases (maybe calling them something else) in exchange for “promises” by Democrats to cut spending in the future; and, of course, the spending cuts will never materialize. Furthermore, even the promised cuts will just be reductions in the rate of projected spending growth, not real cuts in spending.
So, real taxes will be raised now, and a promise of spending cuts will be made now. However, the promised spending cuts will actually be only a promised cut in the projected rate of spending growth (no real cuts), and even the cut in spending growth will never actually occur.
As usual, taxpayers are screwed, while America’s governing class (Democrats and Republicans) and its enabling moochers make out like bandits.
So I CAN understand, what do you do for a living, as in your source of income?