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#1 User is offline   MTP Reggie 

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Posted 08 January 2019 - 08:05 AM

Dems Eye 33% Corporate Rate Hike
Posted by Alex Hendrie
on Monday, January 7th, 2019, 2:09 PM
ATR.org

<More democrat Stupidity Here>

House Budget Chairman John Yarmuth (D-Ky.) has announced that the forthcoming budget blueprint will call for a 33 percent corporate income tax rate increase by hiking the rate from 21 percent to 28 percent. This would make the U.S. a less competitive place to do business and make the U.S. statutory rate higher than many developed competitors.

State corporate taxes average 6 percent across the U.S, so this planned tax hike would give the U.S. an average top corporate rate of 34 percent.

The current combined corporate rate across the 36 member Organisation for Economic Development and Cooperation (OECD) is currently 23.7 percent.

This proposed tax hike would make the U.S. rate higher than major competitors such as the United Kingdom (19 percent), China (25 percent), Canada (26.8 percent), Germany (29.8 percent), and Ireland (12.5 percent).

"Hiking the tax rate on American businesses will kill jobs, lower wages, and reduce new investment in America," said Grover Norquist, president of Americans for Tax Reform. "Why do the Democrats want to damage American competitiveness and job creation?"

Not only will raising the 21 percent rate make America less globally competitive, it will also harm today's strong economic growth, growing wages, record job openings, and lower utility bills.

(snip)

<More democrat Stupidity Here>
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#2 User is offline   Ben Cranklin 

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Posted 08 January 2019 - 08:10 AM

Have to do SOMETHING to fix all this low unemployment and 3-4% growth.
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#3 User is offline   MTP Reggie 

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Posted 08 January 2019 - 08:13 AM

View PostBen Cranklin, on 08 January 2019 - 08:10 AM, said:

Have to do SOMETHING to fix all this low unemployment and 3-4% growth.


You would almost think those democratic idiots intentionally tank the economy when there is a Republican president to hurt his re-election chances. They seem to do this at every opportunity. Good luck getting it past the Senate and a presidential Veto though.
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#4 User is offline   grimreefer 

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Posted 08 January 2019 - 08:42 AM

OFFS... :rolleyes:
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#5 User is online   Taggart Transcontinental 

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Posted 08 January 2019 - 08:44 AM

Of course they will, they can't let the uniformed understand that lower taxes ='s better conditions for all. They have to silence that truth now or they lose.
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#6 User is offline   DJGoody 

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Posted 08 January 2019 - 10:21 AM

CORPORATIONS DON'T PAY TAXES!!!! :bang:
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#7 User is offline   JerryL 

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Posted 08 January 2019 - 10:33 AM

I agree!! Why do we want corporations based in America creating jobs and all that crappy stuff? Good riddance, I say!!!
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#8 User is offline   Natural Selection 

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Posted 08 January 2019 - 11:25 AM

I thought they wanted to be like Sweden?

Sweden has a 22% corporate income tax (source).
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#9 User is offline   erp 

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Posted 08 January 2019 - 11:30 AM

Drunk with power, they are.
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#10 User is online   Taggart Transcontinental 

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Posted 08 January 2019 - 12:15 PM

View PostDJGoody, on 08 January 2019 - 10:21 AM, said:

CORPORATIONS DON'T PAY TAXES!!!! :bang:


No crap, people purchasing their products do. However, paying taxes is still paying taxes whether it's moved through a third party or not. Raising the rate increases the cost to the people buying what ever they increase. So YES it is a tax regardless of who claimed to have paid it.
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#11 User is offline   MontyPython 

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Posted 08 January 2019 - 01:55 PM

View PostMTP Reggie, on 08 January 2019 - 08:13 AM, said:

You would almost think those democratic idiots intentionally tank the economy when there is a Republican president to hurt his re-election chances. They seem to do this at every opportunity. Good luck getting it past the Senate and a presidential Veto though.


"...almost..."?

:coolshades:
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#12 User is offline   DJGoody 

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Posted 08 January 2019 - 03:29 PM

View PostTaggart Transcontinental, on 08 January 2019 - 12:15 PM, said:

No crap, people purchasing their products do. However, paying taxes is still paying taxes whether it's moved through a third party or not. Raising the rate increases the cost to the people buying what ever they increase. So YES it is a tax regardless of who claimed to have paid it.



Exactly!
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#13 User is offline   Bookdoc 

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Posted 08 January 2019 - 06:39 PM

View PostMTP Reggie, on 08 January 2019 - 08:13 AM, said:

You would almost think those democratic idiots intentionally tank the economy when there is a Republican president to hurt his re-election chances. They seem to do this at every opportunity. Good luck getting it past the Senate and a presidential Veto though.

My first thought. I understand occasional cortex and her kid buddies in Congress but I wonder if ANY dim understands how our government works. Fortunately, they seem to be hapy playing these games.
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#14 User is offline   gravelrash 

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Posted 08 January 2019 - 06:47 PM

You know those steel mills that reopened since Trump's tax cuts and tariffs? Kiss those jobs goodbye (again). My life hasn't been that great but I cannot understand anyone who votes to have his job outsourced with promises that someone else who does work will pay his bills and feed his family.
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