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To: LibertyAndJusticeForAll

I agree that their should be an across the board / flat tax on imports. Michigan steel is getting hit very hard from China and Russia. A corporate tax cut would lessen the blow on companies that insist on buying foreign. Seriousely though, why furniture?


8 posted on 06/18/2004 12:53:13 PM PDT by daniel18 (import tax)
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To: daniel18
A corporate tax cut would lessen the blow on companies that insist on buying foreign.

Corporate Tax Cut
Lou, this started out as a relatively small problem. Congress had to figure out how to end European sanctions on American products being shipped overseas. That's only a $4-billion-per-year problem. So what did Congress do? It came up with a $150 billion solution. In fact, that ballooned to about 400 pages in this corporate tax bill loaded with goodies for people in both parties.

Of note, according to a gov't study done in the boom years of the late '90s, 60% of all corporations paid ZERO tax; the remaining 40% paid only a portion.

9 posted on 06/18/2004 1:02:10 PM PDT by LibertyAndJusticeForAll
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