LIVE: @senorrinhatch is speaking now at the @taxpolicycenter on the impact of #taxreform on American businesses. Tune in: http://brook.gs/2suDtTC #BusinessTax
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Hatch: Reducing the corporate tax rate from 35 percent – the highest in the industrialized world – to 21 percent was chief among the business tax reforms we enacted and put us on par with our international trading partners.
#taxreform#BusinessTaxShow this thread
Hatch: No matter how you slice it, by reducing the corporate tax rates, we have lowered the tax burden and increased the potential to generate wealth for the American middle class. #taxreform #BusinessTax
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Hatch: Since we enacted
#taxreform, more than 340 companies have announced they are awarding bonuses, raising wages, or boosting retirement contributions – benefiting about 3.5 million workers.#BusinessTaxShow this thread -
Hatch: For a middle-class family, $1,000 is three or four car payments, a couple months’ worth of groceries, or a rent or mortgage payment.
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Hatch: Between a reduced corporate rate, the transition to a territorial system, and the BEAT, we have created a system that will keep investments in the United States from being shipped overseas.
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Hatch: Just yesterday,
@WSJ reported that, under the new law, a significant number of companies that inverted over the last few years will see their taxes go up, at least slightly. This is what it means to be competitive with the rest of the world.#taxreform#BusinessTaxShow this thread -
Chairman
@senorrinhatch’s full@TaxPolicyCenter remarks can be found here:https://go.usa.gov/xn6jaShow this thread
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What a ridiculous claim. There is zero evidence to support this. Instead the vast majority flows to the already rich. Which was your intent.
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More trickle-down bullshit. Corporations are using 88% of the money for stock buybacks, which don’t help workers.
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Let's slice this way: you've lowered federal revenue to the point of causing massive deficit spending (which GOP supposedly abhors) and to start privatizing services while you must cut medicare, medicaid, environmental, educational--you name it. You create a third world country.
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Only 2% Americans have benefited Tax heist has devastating effects on their He poor. (Read the latest information) 83% of tax benefit to rich. And now your President wants to spend 23 billion on a wall? I believe you need to walk into what is really happening
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The potential to generate wealth and economic security are not necessarily the same things. There are other ways to increase the former without reducing the later.
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