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: 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.
#taxreform#BusinessTaxShow this thread
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. #taxreform #BusinessTax
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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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Bonuses are temporary and taxed twice. Corporate tax rates are permanent cuts, AND no cutting of the corporate tax rate will compete with Singapore who charges 0. Companies that might come back bring low skilled, low paying factory jobs with them. Stop living like it's 1920.
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Terrific. Can we get rid of the 385 regs then?
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