Re: Lowering corporate tax rates

Re: Mark this one - in 12 months we will see who is right -- brownhound
Posted by RichAndPretty , Sat, Dec 30, 2017, 12:02:47 Post ReplyTop of ThreadReviews by RichAndPrettyFirst Amendment Message BoardMain site

Over the years, a parade of lobbyists has rigged the tax code to benefit particular companies and industries. Those with accountants or lawyers to work the system can end up paying no taxes at all. But all the rest are hit with one of the highest corporate tax rates in the world. It makes no sense, and it has to change. So tonight, I’m asking Democrats and Republicans to simplify the system. Get rid of the loopholes. Level the playing field. And use the savings to lower the corporate tax rate for the first time in 25 years - without adding to our deficit. It can be done. --President Barack Obama, 2011 State of the Union Address


PS: The 15% repatriation tax will encourage companies to bring back money they wouldn't have at 35%. 15% of something is better than 35% of nothing.... BEEP BEEP.

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