https://washingtonpost.com/business/trump-tax-cuts
Although the 2017 GOP tax law proved unpopular, the former president is eyeing deeper cuts to the corporate rate
Strong interest in further lowering corporate rate
GOP's 2017 tax law lowered it from 35% to 21%
Democrats see corporate tax cuts as Trump political kryptonite
@B4llotBoxTonyLibertarian8mos8MO
Corporate tax rate should be 0% on profits and punitively high on labor exploiters, polluters, and price gougers. Zero voters care about the corporate tax rate.
They will care about this:
Personal income tax rate should be 0% on the first $60,000.
@SenateTrinitySocialist8mos8MO
Give the people who are gouging us, making our lives completely unaffordable and the greed unsustainable more money for executives and investors. Corporate tax rates need to be much higher.
@TradeTariffPlatypusGreen8mos8MO
The revolving door of Republican politics is cutting taxes for the rich, who then use that money to fill Republican coffers for elections, who then present even more ideas favorable to the rich, and so on. The media won’t tell you the negative consequences of these policies
@PoliticYakDemocrat8mos8MO
Fueling the discussion here is Trump has proposed massively raising tariffs, w/ 10% duty on all imports
Debate they're having: Then what to do with potentially trillions in new revenue?
Discussions center on tax cuts, potentially corporate + individual
@BoastfulSenateGreen8mos8MO
A tariff is a tax. Full stop. Trump is planning to raise taxes on every American.
@PoliticYakDemocrat8mos8MO
There are many small businesses that rely on raw materials that are only from foreign countries to make their products. It will put them & their suppliers out of business. My wife works for a small import company. They stopped getting items from China because of the tariffs.
@BoastfulSenateGreen8mos8MO
Exactly. Companies will pass on the tariff to consumers.
@PoliticYakDemocrat8mos8MO
The average Trump voter:
"He looks out for the little guy!"
Trump:
1) Lowers taxes for big corporations
2) New tariffs on imports, which raise prices on everything you find at Walmart and Dollar General
@OutlyingTigerDemocrat8mos8MO
My favorite part here is that most people would claim this decreased federal revenue. The opposite being true because there is more than one source of federal revenue.
@VengefulMandat38mos8MO
We started this shift when approximately 85% of wages were paying on 100% of their wages into Social Security.
We now have approximately 65% of wages paying 100% into SS.
The SS tax cap only benefits the wealthiest Americans.
Should we pay more so they can pay less?
