Slade3200
Diamond Member
- Jan 13, 2016
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What is this all about?Didn’t Obama propose cutting the corporate tax rate to 25%?
No, Obama opposed any cut in the corporate income tax rate. When Romney proposed cutting the corporate tax rate to 25% in the 2012 election, Obama demagogued the idea, as did most other Dems.
PredFan: How is it going to be an improvement? Increasing taxes on anyone is not an improvement. Essentially the government is taking money out of the economy. That cannot cause a better economy.
True, which is why I oppose the Dem plan. But, you have to keep in mind that the Trump tax cuts have only been in effect for barely three months. If we adopted the tax reform part of the Dem plan next month, the effect would still be good, but not as good as the Trump tax cuts.
ToddsterPatriot: They should have introduced this plan last year.
Yes, indeed. One wonders why Schumer did not introduce this plan when the Trump tax-cut bill was being debated in the Senate. It's a bit late to be presenting this plan now. Despite their public posturing, I suspect that Dems know that the Trump tax cuts are very, very popular with the middle class, and that the corporate tax cut and the special repatriation rate are causing hundreds of billions of American overseas dollars to come back to the U.S.
Analysis Of President Obama's Corporate Tax Reform Plan - Americans For Tax Fairness