Corporate tax rate down from 35% to 21% - This is nuts!
This cut needs to be provisional. Add X amount of jobs to get the rate drop.
Big corporations will just sit on this extra cash while the Treasury goes more broke.
We get stuck holding the bag, again.
Fake news.
Well,I love it,the more money they make,the more I make,it’s that 401k thing.
“Corporate tax rate down from 35% to 21% - This is nuts!
This cut needs to be provisional. Add X amount of jobs to get the rate drop.
Big corporations will just sit on this extra cash while the Treasury goes more broke.
We get stuck holding the bag, again.”
This couldn’t be more wrong. Should have been 15% as POTUS originally proposed.
The whole point of reducing corporate taxes is to make doing business in the US more attractive than overseas.
Why not double the rates and pay off the debt? Would work just fine except there would be almost no industry left to pay the tax. Sort of like we’ve been doing now.
When the economy is growing tax revenues increase. Tax cuts are the best economic stimulus engine that there is. Stop worrying.
I fail to see the logic of leaving their cash in the bank to earn 0.1% as opposed to investing it to get 8-10% in returns. If they won't invest in job creation, those who receive those investments probably will use them for job creation.
Big corporations have billions sitting offshore simply because the rate is 35%. Many have promised to bring that money home if the rate is reduced to a more sane level.
“Corporate tax rate down from 35% to 21% - This is nuts!”
“We get stuck holding the bag, again.”
Arguing that some other sector gets a bigger tax cut than you is like complaining that the burglars stole less from your neighbor than was stolen from you.
Be glad US corporations will be taxed less. Then, if you still think you are over taxed (which you are) - fight for more tax cuts again next time around.
The Left always tries to foment class warfare by advancing an economic fallacy that there is X amount of wealth to divide up. They tell the less wealthy that the more wealthy must have stolen their share of wealth. It’s a fallacy - that’s not the way wealth creation works.
A version of the same fallacy is being advanced with tax cuts. The Left obsesses on the fairness of which demographic gets a higher share of a tax cut. Don’t fall for it. Taxes are too high across the board, any tax cuts in any sector are a good thing.
Corporations shouldn’t be paying ANY tax - shareholders pay tax as individuals so a Corporate tax is double taxation - a leftist trick to begin with. Then, with high corporate tax rates, US corporations can’t compete in and the entire US economy flounders, Americans lose jobs. Any cut in the corporate rate is a win. Be glad for any cut we can get in an sector and then fight for more next time around.