Rivers wrote:
I deny and insult??????? Yea, right.
Lowering the corporate rate to 15% will for one thing allow corporations to bring back into country that $2T that they are holding in off shore accounts because of the tax rates here in the USA. They then can put that capital to work here in America. Lowering the rate to 15% allows more capital expenditures and expansion, instead of paying out more taxes. More in dividends....especially to retirement accounts. Less expense passed onto the consumer. Someone posted an article stating that the effective tax rate on corporations was actually 12.9%, not the 35% (plus state rate). Any tax a corporation pays is passed onto the consumer, and less is paid out in dividends....reduce that and we have more dollars in the economy, and the consumer has more disposal income. BTW, that effective tax rate of 12.9% is a misnomer in that NO ONE pays the highest rate, we all have a much lower effective tax rate we pay, unless you take absolutely no deductions at all. I don't give a rat's ass about ANY CBO score, they're NEVER right!!!!!! This tax cut WILL NOT CREATE A WIDER GAP IN INCOME INEQUALITY AND EXPLODE THE DEFICIT! And, since when have you leftists EVER cared about that????? Huh? You only like to attempt to use it as a political hammer, just like you use SS and Medicare as a political hammer. The more stagnant the economy, the higher the taxes, the more entitlements take up of the budget, the smaller and less effect the military is, the more undocumented Democrats coming over an open border, the better you leftist socialists like it.
I deny and insult??????? Yea, right. br br Lower... (
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Lower the tax rate does not allow them from bringing that $2 Trillion back. Did it work under Reagan no it did not. Did it work under Bush 43 no all it did was get us into the worst recession since the depression.
So under Bush 43 you got the Bush Tax cuts no money came back. Corporations moved more money out due to the tax loophole of inversion which they moved 50% of there profits out of the country tax free. So just use some common sense.
Manufacturing jobs decreased under Bush. The Economy grew at only 1.8% which exploded the deficit. While fighting Two wars at $3.2 trillion, $6 trillion in fed funds lost to the government all this unpaid for. Unemployment exploded to 10% again lost funds to the fed government. Why don't you understand and you keep denying that it does not work.
Now you want these corporations that were allowed under the tax loophole of inversion to take 50% of there profits move it to Offshore accounts and pay zero taxes to this country to just bring the cash back and pay no taxes. Give me a break.
Obama tried to do this under his American Jobs act and Bring the jobs Back legislation but you did not take the time to read it. You're shooting you're mouth off about 15% that's BS under Trump that equates to Zero taxes and no incentive to create jobs it's BS.
Obama offered 12% with incentives to decrease to 3% if they open manufacturing and created jobs not a GD republican plan to pay actual tax of Zero with no incentive. She stop you're BS.
Tell me how many job were created under Bush Tax cuts. Tell me how many manufacturing plants open under the Bush tax cuts. Tell me how many poor and middle class people lost there homes under Bush tax cuts. Tell me how many banks needed to be bailed out under TARP $750 billion during the Bush Tax cuts. Tell me how much income inequality got wider under Bush tax cuts. Tell me how much the deficit expanded under Bush Tax cuts while fighting two wars and exploding unemployment to 10%. Give me a GD break.
What really amazes me the most is how you out of touch morons cannot even add the amount of spending under Obama was directly related to the Bush tax cuts, fighting two wars, 10% unemployment, TARP spending and all this unpaid for but republicans like you just fail to love k at facts or even read a CBO and GAO reports that republicans constantly are buried.
(THEN THE OLD REPUBLICAN TALKING POInt IS ENTITLEMENTS ARE CAUSING THE DEFICIT)
Can you imagine if this country was able to charge corporations 15% tax to bring back $2.5 trillion and invest that tax dollar in our infrastructure now that would create jobs but they are not going to pay 15% they are paying a net zero because of loopholes. So tell me WTF are you talking about.
(WHY NOT CHARGE THEM 15% WITH INCENTIVES TO CREATE GOOD PAYING JOBS AND STOP THE REPUBLICAN BS.