Yup. This is a "GOPe Donors and K Street bill" - not a tax reform bill.
NY Rep. Collins says donors told him to get tax reform done 'or don't ever call' again
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Why should big multinationals have a lower tax rate than small businesses who employ more people? Because big business donates more to the GOP scum in Congress.
They take turns being maverick. More fun that way.
Yup. This is a "GOPe Donors and K Street bill" - not a tax reform bill.
NY Rep. Collins says donors told him to get tax reform done 'or don't ever call' again
“Because big business donates more to the GOP scum in Congress.”
I prefer to refer to them as toilet scum.
Why should corporations gave a special tax rate at all? They claim the rights of people, let them pay individual tax rates.
Because corporate income, unlike partnership or LLC income, is subject to two levels of taxation, once at the corporate level and then again at the individual level. Under current law a dollar of income earned by a corporation and paid as a dividend to a shareholder paying tax at the 33% rate is subject to an effective tax of almost 57% (.35 + (.33 x .65)). Further, there could be no more effective boost for our economy than a reduction of our non-competitive tax on corporate income. We already have the advantages of comparatively unregulated labor markets and low energy prices. We would be inundated by capital if we had a competitive corporate tax regime.