This statement from the Chronicle is correct:
“Just like people, corporations have to pay taxes. For any incorporated business, the IRS sets rules for deductible expenses, exempt income and tax credits, and levies a progressive tax rate that varies depending on the corporation's net taxable income.”
Furthermore, if there were no net loss of revenue to the Feds by cutting the corporate rate from 35% to 20% (as it is clearly written in this bill), then there would be no need for the de facto tax INCREASE on the rest of us in order to “pay for” their tax cut. You are trying to argue a semantic or philosophical approach, not the reality of this bill, which has as its foundation winners (corporations), and losers (middle and upper middle class taxpayers who rely on the deductions medical expenses, SALT, mortgage interest, etc. that this bill either caps or eliminates altogether).
If a business can’t consider its real expenses as expenses, then it won’t stay in business very long.
That said, and we’ll probably never agree on this, but you are too good a FRiend to dwell on it.
The important issues for this country are not economic, in my opinion, but spiritual. Satan killed Christians on Sunday, so the blood of the martyrs highlight for us another danger that gets ignored. The hatred for Christians I’ve seen from atheists is akin to the hatred I see from antifa, socialists, and anti-semites. These groups appear to be interwoven.
A recent court nominee by the president was attacked during her confirmation over her religion. A WW1 monument from generations ago was ruled illegal because it had a cross on it. Coaches are forbidden to listen if their teams pray on their own.
God is in control of the rise and fall of kings. I believe we are near our last chance in the same way as good King Josiah was Judah’s last chance.
Getting back to God is more important than taxes, and if we get a good king, we should try to get him to focus with us on godliness. If we do, I think the other things will take care of themselves. We meed this king for 7 more years and not just for 3.