Bet there's not one single corp that actually pays 35%. That's what good CPAs are for.
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Corporate profits just got a big boost. What will they do with that extra money since a corporations sole purpose is to generate and maximize profits for its executives and stockholders not to care for its employees with fair salaries, health care and family support programs!
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I’m ok with the corporate tax being cut. Makes sense in a world market. It’s the rest of the plan that is a head scratcher.
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Now factor in loopholes and the country is broke
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ha! when the only tax rate that'll make corporations happy is zero. even better, negative.
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Do you think the Trump Organization will benefit?
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The lower the better! I am tired of anemic economic growth.
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And now the rest of the story. 20% is higher still than a much lower "effective rate" w/o scaling back tax credits and loopholes. GE and others benefit greatly but can't pay less than nothing.
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20% would be an increase for these companies.https://www.usatoday.com/story/money/markets/2016/03/07/27-giant-profitable-companies-paid-no-taxes/81399094/ …
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Does anyone realize with deductions corporations avg a 14% tax payment currently
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No the biggest news is that the arrogant Senators want to Delay tax cuts for cowardly political reasons! Same tactic in Reagan yrs. PATHETIC
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They are retaining tax breaks for owners of golf courses, check it out
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Who pays for this?
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Great headline.
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