This is not about high tax States Vs low tax States.
It's about a cabal of bankers and oligarchs like Mnuchin and Cohn (GOLDMANN SACHS TOO BIG TO FAIL BANKSTERS WHO ARE WRITING THIS BILL) who are hell bent on cutting the corporate rate to 20%, no matter what the consequences.
If they were smart, they would just cut the corporate tax rate and be done with it.
In 2016, corporations paid about 300 billion in corporate taxes , individual tax payers paid 1.6 TRILLION in income tax and 1.1 TRILLION in FICA and Medicaid.
The Government made about 900 billion in excise taxes, total tax receipts about 3.3 trillion.
Anybody who doesn't understand that corporate taxes are the SMALLEST portion of Federal Tax Revenues doesn't really have the facts necessary to weigh in on what these degenerate scumbags are up to.
I am all in for a lower corporate tax rate, but RAISING TAXES on working families to make up the difference and flat out lying about it is game changing.
In 2016, corporations paid about 300 billion in corporate taxes , individual tax payers paid 1.6 TRILLION in income tax and 1.1 TRILLION in FICA and Medicaid. The Government made about 900 billion in excise taxes, total tax receipts about 3.3 trillion. Anybody who doesn't understand that corporate taxes are the SMALLEST portion of Federal Tax Revenues doesn't really have the facts necessary to weigh in on what these degenerate scumbags are up to. Exactly. You hit the nail on the proverbial head.
Did you see Orrin Hatch freak out with anger and feigned hurt during the Senate final markup of the tax screw job bill?
He definitely over reacted. He made Sen Brown (D-OH) look like the reasonable one. All Brown basically did was point out that the tax cuts are not for the middle class.
http://www.cnn.com/videos/politics/2017/11/17/senator-hatch-brown-tax-bill-reform-shouting-sot-ctn.cnn
Why did Hatch freak out?
Because he got called out - publicly, with a lot of reporters around, that's why.
Also, not sure if any of you have seen the remark regarding Sen Collins. Now, I am not normally a Sen Susan Collins fan, but she sure did ruffle the feathers of the corporate donors, K Street Lobbyists, the National Review spinners for the GOPe, and the Goldman Sachs vermin who wormed their way into the White House:
http://www.nationalreview.com/corner/453901/susan-collins-tax-demands
She dared to suggest that the corporations take a measly 2% less of their massive tax cut, so it would be slashed to 22% instead of 20%.
“I also think the reduction in the business tax rate is too steep, and that we could go to 22 percent, and then use that money, which is about $200 billion, to restore the tax deduction for state and local property taxes. That would really help middle-income taxpayers.”
Horror of horrors! The middle class would not get soaked as much with this TAX INCREASE - but no - how awful that Facebook, Apple, and Google might not get the full 15% of their tax cut from 35% to 20%!
Mark Zuckerberg is very sad and concerned.
