Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Trump Looks to Cut Corporate Tax Rate to 15 Percent
Townhall.com ^ | 4/25/17 | Leah Barkoukis Leah Barkoukis

Posted on 04/26/2017 1:46:13 AM PDT by socialism_stinX

President Trump has his eye on a corporate tax rate of 15 percent, even if that means adding to the national deficit, the Wall Street Journal reported Monday.

Trump reportedly told his aides to draft a proposal that could be presented to the American people this week.

But such a plan would be an extremely tough sell to Republican lawmakers who’ve spent the last decade making debts and deficits a central issue, Politico’s Playbook notes. Plus, it could put future, permanent, tax cuts at risk.

(Excerpt) Read more at townhall.com ...


TOPICS: Business/Economy; Front Page News; Government; News/Current Events
KEYWORDS: 115th; first100days; taxcuts; taxes; taxpolicytaxcuts; trump45; trumptaxcuts
Navigation: use the links below to view more comments.
first previous 1-2021-4041-55 last
To: No Socialist
Here's a tweet from Matt Drudge earlier today: MATT DRUDGE‏Verified account @DRUDGE 3h3 hours ago Paul Ryan strategy is waiting for Pence to get sworn in as President...
41 posted on 04/26/2017 9:40:54 AM PDT by 9YearLurker
[ Post Reply | Private Reply | To 37 | View Replies]

To: All

Corporations should be the only legal entities paying income tax. USA citizens legally are not subject to _federal_income_tax_. Persons were made subject to this during WWII under the USConstitution, war powers. As such it ended two years later, or certainly after WWII.

Trump and his team, like DC are never going to return us to our rightful law, the USConstitution. Therefore, they have become lawless and they are violating our right to lawful government.


42 posted on 04/26/2017 10:09:37 AM PDT by veracious (UN = OIC = Islam ; Democrats may change USAgov completely, just amend USConstitution)
[ Post Reply | Private Reply | To 1 | View Replies]

To: socialism_stinX
This is his smartest move fiscally I think. It rewards well run companies who actually make money, not companies propped up on corporate subsidies such as the ethanol industry, car industry, ect.

The GOP better get it done. The economy is starting to turn here based on good fiscal policy. If Congress screws it up, we may lose that momentum.

43 posted on 04/26/2017 12:06:05 PM PDT by Sam Gamgee
[ Post Reply | Private Reply | To 1 | View Replies]

To: nikos1121

Unless the GOP fail to pass it.


44 posted on 04/26/2017 12:06:59 PM PDT by Sam Gamgee
[ Post Reply | Private Reply | To 6 | View Replies]

To: TangoLimaSierra

I’m not laughing at that suggestion. The court is already high on its victories over the POTUS.


45 posted on 04/26/2017 12:08:10 PM PDT by Sam Gamgee
[ Post Reply | Private Reply | To 17 | View Replies]

To: socialism_stinX
But such a plan would be an extremely tough sell to Republican lawmakers who’ve spent the last decade making debts and deficits a central issue, Politico’s Playbook notes. Plus, it could put future, permanent, tax cuts at risk.

Republicans only care about deficits when Democrats hold the White House. And Democrats only care about deficits when Republicans hold the White House.

46 posted on 04/26/2017 12:09:27 PM PDT by DoodleDawg
[ Post Reply | Private Reply | To 1 | View Replies]

To: central_va

Insults are not liked on this site!


47 posted on 04/26/2017 12:27:24 PM PDT by TribalPrincess2U (0bama's agenda�Divide and conquer seems to be working.)
[ Post Reply | Private Reply | To 30 | View Replies]

To: central_va
"Anything Trump wants needs to be first approved by Chuck Schumer as he runs the country now. I mean down to the last penny."

That nonsense would stop if Mitch McConnell had the backbone (yeah, I know...) to change the Senate rules to eliminate this absurd virtual filibuster, and make them do it the old-fashioned way. The filibuster was never intended to act as a permanent roadblock for any legislation the minority doesn't like.

48 posted on 04/26/2017 2:05:59 PM PDT by noiseman (The only thing necessary for the triumph of evil is for good men to do nothing.)
[ Post Reply | Private Reply | To 18 | View Replies]

To: FatherofFive

And eliminate the Death Tax!

That kills farms


Amen, amen.

Any word on if that’s on the chopping block? TIA.


49 posted on 04/26/2017 3:46:59 PM PDT by Jane Long (Praise God, from whom ALL blessings flow.)
[ Post Reply | Private Reply | To 14 | View Replies]

To: Jane Long
Any word on if that’s on the chopping block? TIA.

I hear it is in the plan.

50 posted on 04/26/2017 3:53:47 PM PDT by FatherofFive (Islam is EVIL and needs to be eradicated)
[ Post Reply | Private Reply | To 49 | View Replies]

To: socialism_stinX

Isn’t there a distinct difference between the stated tax rate and the EFFECTIVE tax rate on corporations after all of the deductions and loopholes are factored in?

From the GAO: “In each year from 2006 to 2012, at least two-thirds of all active corporations had no federal income tax liability. Larger corporations were more likely to owe tax. Among large corporations (generally those with at least $10 million in assets) less than half—42.3 percent—paid no federal income tax in 2012. Of those large corporations whose financial statements reported a profit, 19.5 percent paid no federal income tax that year”
https://www.gao.gov/products/GAO-16-363


51 posted on 04/27/2017 6:24:23 AM PDT by maxtheripper
[ Post Reply | Private Reply | To 1 | View Replies]

To: socialism_stinX
America grew like a weed from 1776 till 1917 or therabouts.

Reason: very very low taxes, and no taxes on corporations or individuals.

Freeloaders kept chiseling until we got the current tax code disaster.

But nobody knows the priceless value of low taxes because teaching history is just about extinct, if not forbidden, in the skools.

52 posted on 04/29/2017 8:50:03 AM PDT by caddie
[ Post Reply | Private Reply | To 1 | View Replies]

To: caddie

drivel


53 posted on 04/29/2017 8:53:21 AM PDT by bert (K.E.; N.P.; GOPc;WASP .... Hillary is Ameritrash, pass it on)
[ Post Reply | Private Reply | To 52 | View Replies]

To: caddie
The Feds were funded with tariffs for the most part.

The Tariff Act of 1789, was the first major Act passed in the United States under its present Constitution of 1789 and had two purposes as stated in Section I of the Act which reads as follows;

"Whereas it is necessary for that support of government, for the discharge of the debts of the United States, and the encouragement and protection of manufactures, that duties be laid on goods, wares and merchandise:"[1]

54 posted on 04/29/2017 8:53:46 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
[ Post Reply | Private Reply | To 52 | View Replies]

To: bert; caddie
drivel truth

Fixed.

55 posted on 04/29/2017 8:55:04 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
[ Post Reply | Private Reply | To 53 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-55 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson