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because the powers that be refuse to lower it. the republicans can pass it, but it wont get through the senate, and even if it does, obama wont sign off on it.
People keep saying a lower corporate tax will boost the U.S economy. So why hasn't it been lowered?
Because "people" arent necessarily the majority, or the majority of those who understand economics.
Fun fact-the corporate revenue from taxes, as a % of the taxs collected has been dropping regularly as larger companies figure out how to hide their income from taxation.
Because "people" arent necessarily the majority, or the majority of those who understand economics.
Fun fact-the corporate revenue from taxes, as a % of the taxs collected has been dropping regularly as larger companies figure out how to hide their income from taxation.
Because "people" arent necessarily the majority, or the majority of those who understand economics.
Fun fact-the corporate revenue from taxes, as a % of the taxs collected has been dropping regularly as larger companies figure out how to hide their income from taxation.
Exactly. They're fleeing the high corporate taxes in the U.S. and taking their higher-paying jobs with them. Thanks, Obama and Dems. /sarc
It used to be Johnson and Murhpy until they moved manufacturing overseas. I have some custom US made shoes and boots, but the daily office shoes are Allen Edmunds.
because the powers that be refuse to lower it. the republicans can pass it, but it wont get through the senate, and even if it does, obama wont sign off on it.
Actually, Obama has proposed (four times) to cut it by 7-10%, but GOP has declined. Ironically when Romney proposed the same exact thing, they were all for it.
NEW YORK (CNNMoney) -- After more than a year in the making, the Obama administration on Wednesday released its plan to overhaul the corporate tax code.
The main proposal for reform would slash the corporate tax rate to 28% from 35% and pay for the reduction by eliminating "dozens" of business tax breaks. There are currently more than 130 on the books.
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