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They should reduce the corporate rate but they also need to do that in conjunction with removing the loopholes, very few actually pay the maximum rate. They cannot tolerate a reduction in tax receipts, it needs to be a zero net change on balance.
LOL. A new update, he wants the 15% on passthrough businesses. These morons have literally learned nothing from Kansas. If they pass that, Ii am going to be a LLC doing business with my employer in a heartbeat. Whoo hoo!
Seriously, this tax idea is the most idiotic thing I have heard of, as usual R are all about the spending, nothing about the paying for it all.
Without seeing the specific budgets of each, I can only say the military in that exceptionally limited list.
What are you? Some leftist? Soft on The Koreans?
(seriously, I agree, but we both know thats not happening-lets have a reality based conversation)
And thats the problem Im having here, too many people debating the budget and taxation seem to live i some magical universe where everything is free.
Watched as a CEO of a company called Water, tried to answer a question on what his company would do with increased income from tax cuts.
The answer was: return profit from over seas and distribute to share holders.
Not invest in business, not expand in US, not create jobs. Distribute to share holders.
That's why a progressive tax system is better for job creation and business expansion. Charge a higher rate and allow credits to create jobs and write offs for growth expenses.
What are you? Some leftist? Soft on The Koreans?
(seriously, I agree, but we both know thats not happening-lets have a reality based conversation)
And thats the problem Im having here, too many people debating the budget and taxation seem to live i some magical universe where everything is free.
If you're familiar with my posts, you'd know I'm a military isolationist who doesn't want US tax money and blood shipped all over the globe as we stick our noses where they don't belong.
More hocus pocus with the economy. Sounds like trickle down again.
Exactly!
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