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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
ReaperofTime · 46-50, M
Just wait till paul ryan starts his shit.
HikingMan · 51-55, M
His proposal is better than Trump's. Trump has called for slashing the corporate tax rate to 15 percent from 35 percent. Ryan's proposal calls for a 20 percent corporate rate.

Either proposal is actually quite ludicrous in my opinion, seeing that with breaks, incentives, offshoring, as well as out right fraud, keeps most major corporations Effective Tax Rate well below the Statutory Rate. On average the ETR is somewhere close to a paltry 6.9%
ReaperofTime · 46-50, M
@HikingMan: Im talking about his OTHER proposals. You know. Slashing health benefits. Retirement cuts. Nothing that hurts the top 20 percent though.
HikingMan · 51-55, M
I try to stick to one topic per post when I can.

But yeah..., It's not just a Ryan thing though. It's a Republican party thing in those regards.

I tend to look at it like this, for the sake of expediency when explaining it to people....
Republicans = Scrooge before the ghosts
Democrats = Scrooge after the ghosts

 
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