I Am Tired Of Corporate Greed Running And Ruining Our Country
Dropping corporate tax rates without first closing corporate loopholes is a big mistake in my opinion.
"In 1952, the corporate income tax accounted for 33 percent of all federal tax revenue. Today, despite record-breaking profits, corporate taxes bring in less than 9 percent. It's time for real tax reform."
Aug 28, 2014 ~ Bernie Sanders
Sanders wasn't quite accurate here, but he wasn't far off. He's got the number from 1952 correct but the second figure is actually closer to 11%. Either way, it's a false narrative for the corporate elite to pretend that the statutory rate infringes on their abilities to compete in the global market.
Also, there is absolutely no evidence that shows corporate tax reduction produces more/better/sustainable jobs and employment. There is no evidence that it leads to true economic growth for the middle class.
The top will make more, pay less, and enjoy the benefits of legally and illegally purchasing our lawmakers.
It's all such a sham
"In 1952, the corporate income tax accounted for 33 percent of all federal tax revenue. Today, despite record-breaking profits, corporate taxes bring in less than 9 percent. It's time for real tax reform."
Aug 28, 2014 ~ Bernie Sanders
Sanders wasn't quite accurate here, but he wasn't far off. He's got the number from 1952 correct but the second figure is actually closer to 11%. Either way, it's a false narrative for the corporate elite to pretend that the statutory rate infringes on their abilities to compete in the global market.
Also, there is absolutely no evidence that shows corporate tax reduction produces more/better/sustainable jobs and employment. There is no evidence that it leads to true economic growth for the middle class.
The top will make more, pay less, and enjoy the benefits of legally and illegally purchasing our lawmakers.
It's all such a sham