>>>>>>>>Lower the corporate tax rate to 15% and give amnesty to dollars hidden overseas.<<<<<<<<<
Why lower it all? Corporate profits were reported at close to 3 Trillion last year and they paid $220 Billion in actual taxes. A corporate tax rate of 15% would actually be a tax hike, if the corporations had to pay taxes on their GAAP earnings. Under the current system, these a-holes laugh their way to the bank while they legally cook the books with “tax accounting”.
I am not too sure whether I should be laughing or screaming at the comments on this thread. Everyone on this forum wants to reign in government and empower the corporations. Check out DU and they want the Government to be almighty and the corporations shut down.
The problem with both of those positions is that the government and big business are one and the same. This has been reality for a couple of decades now.
I agree with your premise. You do make a great point. I am not advocating empowering the corporations...we've been there and currently living it.
Many corporations pay ZERO taxes, but we cannot drive jobs overseas by keeping the tax rates so high.