Democrats know corporate tax reform will juice the economy. That's why they once supported it

The Washington Examiner ^ | November 6, 2017 | Staff

[2ndDivisionVet]

Democrats are freaking out about the Republicans’ tax cut bill, and for good reason. While the Democrats and their friends in the media will say the cuts in corporate taxes are a giveaway to big business, this is a transparently disingenuous critique. We know that because Democrats, when in charge, proposed their own massive cuts to the corporate tax rate, which gives away the game.

Why would Democrats want simplification and rate reduction in corporate taxes when they are in charge, but oppose it when Republicans are in charge? Because they know it will work.

President Barack Obama in 2012 rightly lamented that, “our current corporate tax system is outdated, unfair, and inefficient.” He cursed that the U.S. has “one of the highest tax rates in the world,” and said the tax code facing corporations is “unnecessarily complicated and forces America’s small businesses to spend countless hours and dollars filing their taxes.”

Obama proposed to cut the corporate tax rate and simplify the code not as a thank-you to corporate America, but because he knew it would juice the economy. And if we had to guess, that is exactly why Democrats oppose a rate cut and simplification today....

[Sacajaweau]

In the end, they'll go from 35% to 25% and reinstate full mortgage deduction. State and local taxes? Say 1/2.

There was a time you could deduct the interest on your credit cards. But you have to be older to know that....a lot older.

[libertylover]

Obama proposed to cut the corporate tax rate and simplify the code ... because he knew it would juice the economy. And if we had to guess, that is exactly why Democrats oppose a rate cut and simplification today....

It's not the Obama that I remember but it is the Democrats I've known "forever".