Bill (09-05-2017), blackascoal (09-05-2017), domer76 (09-08-2017), evince (09-07-2017), Phantasmal (09-06-2017), Rune (09-06-2017), signalmankenneth (09-05-2017)
"President Donald Trump touted his party’s tax reform push on Tuesday and argued that an overhaul that adequately reduced taxes on businesses will “create millions of new jobs.”
“We're going to reduce taxes for companies, and those companies are going to produce jobs,” Trump said in the White House, where he gathered with Republican leaders to talk taxes. “Tax reform that follows these principles will create millions of new jobs and ensure that more products are stamped with the very beautiful letters and words, ‘Made in the U.S.A.’”
http://www.politico.com/story/2017/0...rm-jobs-242347
How many years, hell, decades, have we been hearing the same robotic talking point from Republican politicians?
You cut corporate tax and all the extra revenue gets paid out in dividends not reinvested in jobs
Bigger question would be why some Republicans, especially conservative Republicans, still buy into the fallacy?
Bill (09-05-2017), blackascoal (09-05-2017), domer76 (09-08-2017), evince (09-07-2017), Phantasmal (09-06-2017), Rune (09-06-2017), signalmankenneth (09-05-2017)
Same reason democrats did when JFK did it. It works.
"Those who vote decide nothing. Those who count the vote decide everything." Joseph Stalin
The USA has lost WWIV to China with no other weapons but China Virus and some cash to buy democrats.
Have you ever seen the tax rates in 1960?
top rate on regular income: 91%
top rate on capital gains: 25%
top rate on corporate tax: 52%
http://federal-tax-rates.insidegov.com/l/45/1960
Fifty plus years ago, comparing apples and oranges
Bill (09-05-2017), blackascoal (09-05-2017), Rune (09-06-2017)
"There is no question former President Trump bears moral responsibility. His supporters stormed the Capitol because of the unhinged falsehoods he shouted into the world’s largest megaphone," McConnell wrote. "His behavior during and after the chaos was also unconscionable, from attacking Vice President Mike Pence during the riot to praising the criminals after it ended."
corporate taxes need to come down-but the real key to growing GDP
( jobs aren't the problem anymore -wealth creation is) is tax simplification
Callinectes (09-05-2017)
It worked so well for Kansas...
Althea (09-07-2017)
I don't know why corporate tax rates need to come down, all it will do is help corporate shareholders .
Ahhhh the old 1950s tax rate canard.
Now if you want to be really fair Legion you would highlight all the deductions that were available in the 1950s that are no longer available today?
Also are you saying you want to revert to all of the income tax rates of 1950s for all income levels? Or are you being selective?
come on Legion. Bring your A game this time.
Actually it helps consumers and employees
If you ran a business which you obviously don't you would know that taxes are a business expense.
When expenses go up on any business they have some choices
1) raise prices
2) slash benefits or salaries
3) reduce employees.
4) shut their doors
In the end it is others who bear the brunt of corporate income taxes. But those who are economically illiterate can't understand that
The most fair tax scheme of all would be a national sales tax that exempts food, clothes, and homes. You could eliminate the IRS and you would create tax payers out of the underground and cash economy. States could collect it and more importantly you would decrease the power of the federal government.
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Jobs are created by DEMAND, not tax breaks.
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